CVC Capital, a private equity firm, agreed to acquire Delly’s, a food distribution company, from Patria Investments, an alternative asset manager. Financial terms were not disclosed. “Delly’s is a great example of diligent execution across each pillar of Patria’s investment approach, including sector selection, consolidation strategy and operational value creation. We are very pleased to complete this chapter of growth into a market leader in Brazil and return capital for Private Equity Fund V, and also excited to partner with CVC to further expand Delly’s into a leading regional player," Ricardo Scavazza, Patria Managing Partner and CEO.