WOW! Nutrition in Brazil receives an investment from One Equity Partners
The proceeds will be directed towards maintaining the high growth rates that the company has recorded over the past 8 years
Grupo Brasfanta’s WOW! Nutrition, a leading player in the healthy food and beverage segments in Brazil, announces a partnership with One Equity Partners (“OEP”), the proprietary investment arm of J.P. Morgan Chase & Co., through which OEP will obtain a relevant minority stake in the company. The funds will be used to support projects to take advantage of domestic market growth opportunities and new initiatives designed to maintain the 28% average annual growth rate that the company has recorded since 2003.
With this partnership, WOW!’s investment capacity will be strengthened, allowing the company to pursue an accentuated growth curve. The company projects revenues of R$ 570 million in 2012, which represents a growth rate of 26% compared to 2011. WOW! is increasing the productive capacity of its plants, currently employs 830 people and will launch a series of new products. This year, it will also improve the distribution reach of its products and grow the number of points of sale, which currently number 130,000.
WOW!’s management team will continue to be lead by Grupo Brasfanta. One Equity Partners will have an active role in the company’s board of directors.
About WOW! Nutrition
WOW! was founded in 1999 by Grupo Brasfanta and is among the largest food and beverage companies in Brazil, with a relevant presence in juices, teas, diet and light products, infant nutrition, among other segments. The company owns brands such as Sufresh, Feel Good, Soyos, Gold, Tal & Qual, Assugrin, Doce Menor, Woman Care, Akoko and Vitalon brands, and distributes its products in over 130,000 points of sale throughout Brazil.
About One Equity Partners
Founded in 2001, One Equity Partners currently manages an US$ 11 billion portfolio of proprietary investments and commitments of JP Morgan Chase & Co. By working in partnership with owners and managers, OEP invests in transactions that promote strategic and operating change, creating long-term value. OEP invests globally and has offices in New York, Chicago, Frankfurt, Vienna, Hong Kong and São Paulo. This is OEP’s third investment in Brazil.
About Grupo Brasfanta
Grupo Brasfanta is a Brazilian group founded in 1974, operating in various market segments. Grupo Brasfanta was responsible for founding Kenko do Brasil, a manufacturer of disposable hygienic products, with leading brands such as Turma da Mônica in the diapers segment and Intimus Gel in the feminine hygiene segment. The company was subsequently sold to Kimberly Clark. In addition to WOW! Nutrition, which operates in the healthy food and beverage segment, the group also owns Locomotiva, a leader in the canvas and laminates industry, New Age Software, which operates in the cloud-based management systems sector, and investments in the real estate sector.