Transaction History

With over 50 years of history, Camil is one of the largest food companies in Brazil and Latin America, with a diversified brands portfolio in rice, sugar and fish categories as well as leadership positions in the countries where the company operates. We present a consistent growth history and increase in our Market share in the Brazilian and Latin American Food Market, through the means of both organic growth and strategic acquisitions with diversification of the geographies and categories in which we perform.
Over the past 20 years, in order to expand our portfolio of brands, product categories and geographic areas of operation, we have implemented a successful expansion strategy by means of acquisitions, both in the Brazilian and foreign markets. As part of this process, since 2007, we expanded our rice operations to Uruguay, Chile and Peru and, in Brazil, we added the canned fish category to our portfolio with the brands Coqueiro and Pescador, and sugar category with the brands União and Da Barra, in addition to other brands with regional relevance. Our processing quality, product blend and pricing have enabled acquired companies to grow significantly in market share since our acquisition.
Our acquisitions have significantly contributed to the growth of our results of operations, mainly due to our ability to successfully identify, acquire and integrate new operations into our business model quickly and without sacrificing the quality and competitiveness of our other brands and products. Our process for integrating acquired companies has allowed us to increase operational efficiency at these companies through synergies and lower costs and expenses from economies of scale. We believe our acquisition experience has given us a unique position to not only correctly identify promising acquisitions, but to speedily integrate acquired businesses into our business model. The diversity of our business reduces our risk exposure, increases our structural and cost synergies, allows for greater distribution expertise and strengthens our bargaining power for cross-selling initiatives..

Recent Transactions – M&A

Acquisition of Empresas Iansa´s Pet Food Business Unit in Chile – February 2020
We announced the acquisition of Empresas Iansa´s Pet Food Business Unit in Chile, another important growth step for Camil Alimentos. This acquisition is part of our strategy to consolidate the markets in which we operate and reinforce our entrepreneurial spirit. LDA, one of the leading companies in pet food products in Chile, is here to strengthen and diversify our international portfolio, launching a second category in this business segment. Annual revenues reach approximately $160 million, from the sales of dry and wet feed for dogs and cats and snacks.

Click here to access the material fact (announcement).
Click here to access the presentation.

Conclusion of Warburg Picus´ shares Buyback Program – November 2019
We concluded in November 2019 the Company´s third share Buyback Program, with the acquisition in three operations which totaled approximately 30.6 million shares held by Warburg Pincus, at R$6.25, reinforcing our strategy of generating value to our shareholders. Additionally, the totality of acquired shares of it´s own emission held in treasury were canceled, resulting in total capital stock of 370 million shares.

Click here to access the material fact (announcement).
Click here to access the notice to the market (conclusion).

SLC Alimentos Acquisition – December 2018
It´s full of pride that we announce the acqusition of SLC Alimentos, another important growth step for Camil Alimentos. This acquisition is part of our consolidation strategy in the Markets in which we operate and reinforces our entrepreneurial spirit. SLC Alimentos, one of the largest grain Company´s in Brasil, arrives to add to our portfolio and strengthen it, allowing further competitivity and more access to our brands all over Brazil. Top of mind in Rio Grande do Sul under Namorado brand, the Company is present in the rice, beans and lentils segments with Net Revenues of R$ 512 million (2017) and is valued at R$ 308 million. Together, we can continue our dream of feeding brazilian families and nourishing relations that bring more taste to daily life.

Click here to access the material fact (announcement).
Click here to access the market presentation.
Click here to access the notice to the market (conclusion).

Sale of Corporate Interest in Argentinian Subsidiary La Loma – August 2018
On August 2018, we announced the sale of the totality of the corporate interest held by the Company in the Argentinian subsidiary called La Loma for the total amount of US$5.5 million.
Click here to access the notice to the market (announcement).

Recent Transactions – Securities Market

Share Buyback Programs

3rd Share Buyback – November 2019
In November 2019 the conclusion of the Company´s 3rd Share Buyback Program took place. The operation was made in three steps with the total of 30,665,030 shares held by the shareholder WP XII E Fundo de Investimento em Participações Multiestratégia (Warburg Pincus´ Investment Fund), for the unitary price of R$6.25 per share. After this operation, Warburg Pincus held less than 5% of the Company´s shares. Additionally, Camil informs that the totality of acquired shares of it´s own emission held in treasury were canceled, resulting in total capital stock of 370,000,000 shares.
Click here to access the material fact (announcement).
Click here to access the notice to the market (conclusion).

2nd Share Buyback – August 2019
On August 8th, 2019 the company´s 2nd Share Buyback Program was concluded. The program proposed the buyback of up to 3,565,275 ordinary shares and was completely fulfilled at an average acquisition cost of R$7.02 per share. At end of the program, the treasury counted with 9,386,846 ordinary shares (2.29% of the company´s Capital Stock).
Click here to access the notice to the market (announcement).
Click here to access the notice to the market (conclusion).

1st Share Buyback – December 2017
The Board of Directors approved the Company’s share buyback program to repurchase up to 5.8 million shares with the objective to minimize the dilution from the Stock Options Plan.
Click here to access the material fact (conclusion).

 

Debt Issuances
The Company has used in Brazil Agribusiness Receivables Certificate Issuance (CRA), since the beginning of its efforts in managing indebtedness in 2016, as a tool for issuing debt emissions with costs close to 100% of the DI rate, which would enable the substitution of more expensive debt and the elongation of the amortization profile.

Agribusiness Receivables Certificate Issuance IV – April 2019
We concluded the 8th issue of Debentures linked to the issuance of Certificados de Recebíveis do Agronegócio – the Certificates of Agribusiness Receivables (CRA)– in the amount of R$ 600 million, with public distribution in accordance with CVM Instruction nº 400 and full amortization on maturity. The 1st series consists of compensatory interest corresponding to 98% of the DI Rate and due in April 2023. The second series consists of interest rates corresponding to 101% of the DI Rate, due in April 2025.
Click here to access the notice to the market (announcement).
Click here to access the notice to the market (conclusion).
Click here to access the issuance deed.*
Click here to access the Annual Report from 2018.*

Agribusiness Receivables Certificate Issuance III – December 2017
On December 2017, the Company concluded its R$168 million Agribusiness Receivables Certificate Issuance at an interest cost corresponding to 98% of the Interbank Deposit Rate (DI). The total amount issued will mature in four years.
Click here to access the notice to the market (announcement).
Click here
to access the notice to the market (conclusion).
Click here to access the issuance deed.*
Click here to access the Annual Report from 2018.*

Agribusiness Receivables Certificate Issuance II – May 2017
In May 2017, the Company issued R$405 million in Agribusiness Receivables Certificate with costs below 97% and 98% of the DI rate (1st and 2nd series, respectively), with total amortization on the date of maturity.
Click here to access the material fact.
Click here to access the Annual Report from 2018.*

Agribusiness Receivables Certificate Issuance I– November 2016
In November 2016, the Company issued R$402 million in Agribusiness Receivables Certificate with costs below 99% and 100% of the DI rate (1st and 2nd series, respectively), with total amortization on the date of maturity.
Click here to access the material fact.
Click here to access the Annual Report from 2018.*

 

IPO in B3

IPO – September 2017
On July 25, 2017, Camil filed its application for registration as a publicly-held company and its initial public offering with CVM, initiating the listing and trading of the Company’s shares in the B3’s Novo Mercado segment.
The transaction was launched on August 30, 2017 and priced on September 26, 2017 with an offer price per share of R$9.00 per common share (ON). On September 28, 2017, the Company’s shares began trading on B3’s Novo Mercado segment, the highest level of corporate governance, under the ticker “CAML3”.
The IPO consisted of a primary offering of 41,000,000 common shares (ONs) and a secondary offering of 86,500,000 million common shares, totaling R$1,120.0 million (net of commissions and expenses). The net proceeds from the Primary Offering totaled R$357.0 million, after deduction of commissions and other estimated expenses. Without considering the overallotment option (greenshoe), 127,500,000 ONs, or 31.09% of the Company’s capital, are outstanding in the market. After the closing of the IPO, the Company continues to be controlled by Camil Investimentos S.A..
Click here to access the notice to the market (conclusion).*
Click here to access the final Prospectus.*


Updated at 03/31/2020 at 02:49 am

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