Investor Presentaiton
GP Investments
Selected Success Stories
Since 1994, GP has invested over $3 billion of capital in 48 companies in Brazil, generating returns above the
average of private equity in Latin America(1).
Case Studies
ALL AMERICA LATINA LOGISTICA
A gente nunc pára.
Investment Date: July 1996
Investment Type: Privatization/Consolidation
Investment Amount: $141 million
ALL is formed by the merger of Brazilian and
Argentine railroad companies, and by the
acquisition of a road logistic services
company.
GP has strengthen the executive team and
implemented a goal-driven incentives system
► The revenues have increased 5x since
privatization, and EBITDA margin has gone
up from 5.2% to 44.3%.
ALL is known as one of the world's greatest
railroads. The stock price has increased over
600% since the 2004 IPO (ALLL3 ticker).
► Multiple of Capital Invested: 3.2x (2)
Gross Internal Rate of Return ($): 15.1% (2)
AGafisa
Investment Date: December 1997
Investment Type: Restructuring
► Investment Amount: $78 million
A
GP injected resources when the real state
developer was going through a liquidity crisis
GP has professionalized management and
implemented an aggressive variable
remuneration system
GP has brought Sam Zell's Equity
International, the USA's largest real state
investor, as a partner
Between 1997 and 2006, revenues increased
19x and profitability has increased
substantially
The 2006 IPO has increased GP's stake
value over 5x the investment cost
► Multiple of Capital Invested: 6.3x
Gross Internal Rate of Return ($): 24%
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(1) According to Cambridge Associates Global Private Equity Benchmarks (2) Considering fair market values as of December 31, 2008View entire presentation