americOLD Global Market Leadership and Growth Strategy
Brazil Joint Venture
Transaction Overview
■ COLD purchased a 15% stake in SuperFrio, the second largest
cold storage operator in Brazil, with ~10% market share (1), for
~$26.5mm (based on exchange rate at closing)
Closed in March 2020
COLD is committed to fund an additional $22mm over the next
two years
■ SuperFrio has a professional management team with a
demonstrated track record of operating, acquiring & integrating
and ground-up development
SuperFrio is owned by Patria, a Brazilian private equity firm,
which is affiliated with Blackstone
■ JV allows COLD to gain exposure and experience in Brazil
Facilities at a Glance
Facilities
16 facilities across Sao Paulo, Parana
and Santa Catarina
Cubic Feet
~35.1mm cubic feet
Pallet
Positions
(1) Based on Company estimates
~151K pallet positions
SuperFrio
LOGÍSTICA FRIGORIFICADA
Liquidation/Governance
Starting in 2023, COLD has the right, but not the
obligation to purchase the remainder of the business
■ COLD will have 1 of 5 board seats
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