Aqua Capital Acquires a Majority Stake in Grand Cru (Latin America)
Source: Aqua Capital
Aqua Capital, a private equity fund manager focused on mid-sized agribusiness, food and logistics companies in South America, has acquired a majority stake in Grand Cru, a Brazil-based wine retailer. Grand Cru intends to use the new funding to increase its number of stores within Brazil and expand its e-commerce operations. Financial details of the transaction were not disclosed.