MAS Equity Partners sells 50% of its stake in Rocsa Colombia S.A.
MAS Equity Partners (MEP), pioneer private equity fund manager in the Andean region, is pleased to announce the 50% sale of MAS Equity Fund III (“the Fund”) stake in Rocsa Colombia S.A.. With this transaction, the fund achieves attractive returns of over 2 times the invested capital. The Company was founded in 1997, and with the support of MEP since December 2017, it has managed to position itself as a leading Colombian company of chemicals distribution in the Andean region.
During the Fund’s investment period, the acquisition of Inproquim was carried out, managing to increase Rocsa’s market share, with a diversified product portfolio that includes both specialty chemicals and basic products. The successful absorption of Inproquim was achieved, and levering on its commercial service efficiency and the strong relationship with its suppliers, the Company has been able to grow, during these years, at a higher rate than the overall sector.
MEP's value creation through its “Building Blocks” methodology, with the presence of one of our associates in operation as CFO, was developed on different levels: i) the adoption of best corporate governance practices through the establishment of a multidisciplinary Board of Directors and a Financial Committee, which led to an improvement in the decision-making process; ii) support in the inorganic growth through the acquisition of Inproquim, achieving diversification of the product offering and entry into new segments; iii) improvement of the capital structure and financing conditions to support the rapid growth of the business; iv) management support in the integration process of Inproquim, achieving expense synergies, operational improvements and optimization of customers and products, and v) moving the Bogota plant to a more modern and efficient location in Tenjo, significantly improving the environmental impact KPIs.