Latham & Watkins Advises on Emergent Cold Latin America Launch

A multidisciplinary deal team advised Latin America’s newest temperature-controlled warehousing and logistics provider on the company formation, US$450 million capital raise, and first acquisition.

August 26, 2021

Emergent Cold Latin America (Emergent LatAm), Latin America’s newest temperature-controlled warehousing and logistics provider, has announced the launch of the Company with a US$450MM capital raise, which will provide food and beverage customers with access to the region’s highest quality cold storage facilities and fill a growing need for integrated end-to-end logistics solutions within the market. Anchor investors are Lineage Logistics, the world’s largest temperature-controlled industrial REIT and logistics solutions provider; Stonepeak Partners LP, a leading alternative investment firm specializing in infrastructure and real assets; and D1 Capital Partners, an investment fund founded by Dan Sundheim. The Company also announced the completion of its first strategic acquisition of Perú’s newest and most advanced individually quick-frozen (IQF) fruit processing facility located in Piura, along with its 7,300-pallet-position warehouse which serves Northern Perú’s domestic customers as well as the import/export trade at Paita Port.

Emergent LatAm – based out of São Paulo, Brazil and with a corporate office in Miami, Florida – will invest in existing leading cold storage operators and new greenfield projects throughout Latin America to expand its footprint of modern cold storage facilities and consistently bring the highest quality service to customers across the entire region. As a part of this strategy, the Company plans to deploy over US$450 million of equity capital toward greenfield projects and acquisitions in Latin America over the next two to three years.

Latham & Watkins LLP represented Emergent Cold Latin America. Investment Funds partner Nadia Sager, with associates Zachary Thompson and Kristin Bisely, advised on the company formation and capital raise; partner Jordan Miller advised on M&A matters; partners Pardis Zomorodi and Eric Cho advised on tax matters; and partner David Taub advised on employment and benefits matters.

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