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: (i) 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: (i) 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; (ii) Clínica Portoazul, a premium high-complexity hospital in Barranquilla, the country’s 4th largest market.
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 air cargo and ramp services providers, operating in 41 airports continentwide across the main cities of Peru, Mexico, Ecuador, and Colombia. Talma also operates Aeropuertos del Perú, 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 5thlargest producers globally. Diamante is recognized as a leader in fresh, canned and frozen fish products for direct human consumption.
Prodesa is one of Peru’s leading personal care and toiletries manufacturers, producing a wide range of baby & adult diapers, wipes, and feminine hygiene products. The company owns a portfolio of brands that includes some of Peru’s most renowned and long-established names in the market, such as Mimi (baby diapers), Mimosa (fem hygiene) and Comodity (adult diapers). Prodesa also produces a broad range of high-quality private label products for other key players in the industry.