Maestro is a leading home-improvement and building materials retailer. Under Enfoca’s administration in the 2007 – 2014 period, Maestro expanded from a local retailer with only 6 stores in Lima to a network of 30 stores nationwide, growing its same-store sales at an annual average rate of more than 6% and increasing its EBITDA from US$8 million to US$50 million. On September 2014, Enfoca sold its entire stake in Maestro to Falabella, one of the largest retailers in Latin America and owners of competitor Sodimac, for a total transaction value of US$719 million (16.4x LTM EBITDA). The investment generated a 24% gross IRR and a 2.3x gross MOIC.
Auna is a leading regional integrated healthcare provider with operations in Peru and Colombia. In Peru, it operates: Clinica Delgado, the country’s largest and most modern private hospital with a focus on high-complexity procedures, as well as a network of hospitals and day clinics in five of the main cities in the provinces; (ii) Oncosalud, the nation’s first and largest prepaid plan with close to 1 million affiliates and world-class performance metrics. In Colombia, it operates: Grupo Las Americas, a conglomerate operating the leading high-complexity hospital in Medellin, Clinica Las Americas, as well as one of the country’s largest oncology institutes, Instituto de Cancerología.
Inversiones Educa is one of the leading educational holding companies in Peru, operating 3 institutions: (i) Certus, the largest vocational studies institute specialized in business, consistently ranked as the top institution in the fields of banking administration and finance, with well over 90% of its graduates securing employment within 6 months of graduation; (ii) Toulouse Lautrec, the leading vocational institute specialized in creative careers; and (iii) UCAL, a niche university also focusing on creative careers. The company has +30,000 students as of December 2018 and operates a network of 10 campuses in Lima and 2 in the provinces.
Latina is Peru’s second largest free-to-air (FTA) television channel as measured by audience metrics. It is the leading producer of original entertainment programming, including some of the country’s most well-known reality competition shows, and is home to Peru’s most renowned and trustworthy news anchors. Latina is also the leader in sports FTA programming as it owns exclusive rights to the greatest events in Peru and the world.
La Gloria is a 100-hectare real estate development in Eastern Lima, located in one of the city’s most populated districts with a highly underserved demand for affordable housing. Due to its unique location and topography, it is expected to become one of the largest land lot projects in Lima with more than 3,000 lots for sale.
Talma is one of Latin America’s largest cargo and ground-handling services provider with operations in airports and cities located throughout Peru, Mexico and Ecuador. In Peru, it also owns Aeropuertos del Peru (AdP), the country’s largest national airport concession company with a presence in 13 regional airports.
Celima is the largest vertically-integrated company in the Peruvian ceramic tile and sanitary ware markets. It operates: (i) Celima, the leading producer of ceramic tiles; (ii) Trebol, the leading manufacturer of sanitary ware and faucets; (iii) Cassinelli and Hipermercado Ceramico, ceramic tile and sanitary ware specialty retail outlets with a combined footprint of 45 stores nationwide.
Pesquera Diamante is the 3rd largest producer of fishmeal and fish oil in Peru and it is among the 5th largest producers globally. Diamante is recognized as a leader in fresh, canned and frozen fish products for direct human consumption.