Emergent Cold Latin America Launches With $450Mm Capital Raise To Provide Industry-Leading Temperature-Controlled Logistics Solutions To Customers In Latin America; Completes First Acquisition In Peru
Emergent Cold Latin America Launches With $450Mm Capital Raise To Provide Industry-Leading Temperature-Controlled Logistics Solutions To Customers In Latin America; Completes First Acquisition In Peru
08/25/21, 11:07 AM
Location
Money raised
$450 trillion
Emergent Cold Latin America (“Emergent LatAm” or the “Company”), Latin America’s newest temperature-controlled warehousing and logistics provider, today announced the launch of the Company with a $450MM capital raise, which will provide food and beverage customers with access to the region’s highest quality cold storage facilities and fill a growing need for integrated end-to-end logistics solutions within the market. Anchor investors are Lineage Logistics (“Lineage”), the world’s largest temperature-controlled industrial REIT and logistics solutions provider; Stonepeak Partners LP (“Stonepeak”), a leading alternative investment firm specializing in infrastructure and real assets; and D1 Capital Partners, an investment fund founded by Dan Sundheim. The Company also announced the completion of its first strategic acquisition of Perú’s newest and most advanced individually quick-frozen (IQF) fruit processing facility located in Piura, along with its 7,300-pallet-position warehouse which serves Northern Perú’s domestic customers as well as the import/export trade at Paita Port.
Company Info
Location
são paulo, pará, brazil
Additional Info
Emergent Cold Latin America is building the highest quality cold storage network to provide integrated, end-to-end temperature-controlled logistics solutions to customers throughout Latin America. The Company was founded to fill a need for modern cold-chain solutions within the market and to serve the increasing demand from domestic and global trade customers.