GTM makes PeruquÍmicos S.A.C. Acquistion with Backing from Advent International

Latin American chemical distributor GTM Holdings, SA [“GTM”] (San José, Costa Rica) has recently announced that the group has acquired PeruquÍmicos S.A.C. (Lima,Peru) a leading chemical distributor in Peru.

Founded in 1995, PeruquÍmicos S.A.C. is specialised in the import, marketing, storage and distribution of a range of chemical products. It is the largest chemical distributor in Peru, distributing close to 100 products from almost 50 suppliers to more than 1’000 clients, according to the announcement.

Equity financing to support the acquisition was provided by Advent International, the controlling shareholder of GTM and a large and experienced global private equity investor. The transaction marks Advent’s first direct investment in Peru, the statement said.

Terms and financial details of this transaction were not disclosed.

Source: GTM press release

HGE – DCG / 17.10.2016