Friboi, a leading Brazilian meatpacker, has acquired a majority participation in Swift Armour the largest beef exporter in Argentina.
Sellers included JP Morgan Partners, Greenwich State Capital Partners and Mr. Carlos Oliva Funes, the controlling shareholder and Chief Executive Officer of the Company. Mr. Oliva Funes will continue as CEO and will retain a minority shareholding position in Swift Armour S.A.
By joining forces, both Friboi and Swift Armour will benefit from the regional integration of the Brazilian and Argentine beef industries.
Rabobank International acted as exclusive financial advisor to Friboi in the transaction, which closed on September 5th. A leading financier to the Latin American food and agribusiness industry, Rabobank is a frequent advisor and agent on specialized financial transactions undertaken by clients in the agri-industrial sector.
Friboi – www.friboi.com.br