Announced
Financials
Tags
Cross Border
Specialty Retailers
Friendly
Brazil
Acquisition
aftermarket tire retailer
Single Bidder
Private Equity
Pending
Minority
Private
Synopsis
L Catterton, the largest global consumer-focused private equity firm, agreed to invest in CantuStore, an omnichannel aftermarket tire retailer and distributor in Brazil. Financial terms were not disclosed. "With its distinctive brand positioning, impressive portfolio, long-standing supplier relationships, and pioneering omnichannel capabilities, CantuStore represents a unique opportunity to invest in the undisputed leader in the attractive and resilient tire aftermarket category in Brazil. We see numerous organic and inorganic value-creation levers for CantuStore and look forward to supporting the company's efforts to unlock its full potential," Julio Babecki, L Catterton Managing Partner.
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