Pátria acquires Avenida Supermercados and increases retail prensece in São Paulo

Considering the sector transactions already sent to the agency, this is Pátria's tenth acquisition in retail, wholesale and food distribution in just over a year.

Pátria acquires Avenida Supermercados and increases retail prensece in São Paulo.

06/15/2022

This is Pátria's tenth acquisition in the retail, wholesale and food distribution sector in just over a year.Pátria Investimentos took a new step towards creating a robust food trade operation. The SMR holding, under the control of Pátria Private Equity VI Fundo de Investimento em Participações Multiestratégia, completed the acquisition of the Supermercados Avenida chain back in May, a retailer in São Paulo with about R$ 820 million in revenue last year, say sources heard.

The transaction involves 21 stores in the chain and has already been forward to the Administrative Council for Economic Defense (Cade) for analysis. Considering the sector transactions already sent to the agency, this is Pátria's tenth acquisition in retail, wholesale and food distribution in just over a year. These operations totalled between R$ 3.5 billion and R$ 3.9 billion in gross sales in 2021, according to market projections, the network balance sheet, and data from the general ranking of Abras, an industry association.

Source: Valor Econômico

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