Darby International exited Ecuador-based logistics company Tabacarcen via a sale to Group Omninvest. Transaction details were not disclosed.
(Press Release) Darby International Capital LLC (“Darby International”) completed a successful exit of Tabacarcen S.A. via a sale to Group Omninvest S.A. Darby International sold its 100% stake in the Ecuadorian-based logistics company.
Tabacarcen S.A. is the import-export logistics operator at the Quito International Airport that started operations in 2013. The Company handles all import cargo that arrives through air to the city of Quito and 70% of all flower export businesses.
“We have been very pleased with Tabacarcen’s achievements since our initial investment,” said Ignacio Aicardi, Chief Investment Officer at Darby International. “The Company has grown to be a key player in the logistic chain at the airport and for the city of Quito. It has been a pleasure to work alongside Tabacarcen’s management team and stakeholders to build one of the most modern logistics centers in the region.”
About Darby International Capital LLC
Darby International is a leading emerging markets private debt investor with a focus on Latin America and has offices in Washington, DC, Bogotá, Colombia, and São Paulo, Brazil. The firm was created after the team spun off from its previous firm, Darby Overseas Investments, Ltd. (a subsidiary of Franklin Resources, Inc.). Darby International is not affiliated with Darby Overseas Investments, Ltd., Darby Overseas Partners, L.P., Franklin Resources, Inc. (NYSE: BEN) or any of their affiliates.