Lojas Americanas to acquire Hortifruti Natural da Terra from Partners Group for $459m.

Lojas Americanas, a Brazilian retail chain, agreed to acquire Hortifruti Natural da Terra, a fresh food retail chain, from Partners Group, a private equity firm, for $459m. "We are extremely proud of our successful work with Hortifruti Natural da Terra. During our ownership period, we transformed a family business into a fully professional enterprise, significantly improving the quality of management, processes, and systems. We have built a strong foundation for Hortifruti to enter its next phase of growth and believe it is the ideal time to exit the business on behalf of our clients. We are confident that Americanas is the right institutional partner for all stakeholders to advance the company, given its omnichannel ecosystem capabilities, which will allow Hortifruti to accelerate both its brick-and-mortar and digital growth. We look forward to seeing the business and its employees continue on this upward trajectory going forward," Tiago Andrade, Partners Group Head of São Paulo, Private Equity.