L Catterton Invests Significantly in CantuStore – PR Newswire | CarTailz

GREENWICH, Conn. and SAUPAOLO, November 11, 2022 /PRNewswire/ — L Catterton, the largest global consumer-focused private equity firm, announced today that its Latin America Fund has reached an agreement to make a significant investment in CantuStore, the leading omnichannel aftermarket tire retailer and distributor in Brazil. The terms of the transaction were not disclosed.

Founded in 2006 by Beto Cantu, who serves as the company’s Chief Executive Officer, CantuStore is a technology and logistics platform that enables complete tire solutions, delivers an industry-leading consumer experience, and supports business partners across the country. The company strategically sources a wide product portfolio of premium and value tires from national and international manufacturers and sells them directly to consumers through CantuStore’s own e-commerce (www.PneuStore.com.br) and of Brazil leading marketplaces. CantuStore also partners with and sells tires to fleet management companies and independent auto repair shops Brazil. Known as a pioneer in the industry, CantuStore was the first importer to distribute domestically manufactured tires in the country and one of the first players to launch private label in the category and has continued its track record of market transformation since its inception.

“At CantuStore, we are relentlessly focused on revolutionizing the Brazilian tire aftermarket to provide a premium experience for our customers,” said Mr. Cantu. “This transaction will give us the resources and knowledge needed to accelerate customer acquisition, expand into new tire segments and execute compelling M&A opportunities. We look forward to partnering with L Catterton and leverage the firm’s deep consumer insights, digital capabilities and experience in leading high-growth businesses.”

“With its distinctive brand positioning, impressive portfolio, long-standing supplier relationships and pioneering omnichannel capabilities, CantuStore represents a unique opportunity to invest in the undisputed leader in the attractive and resilient tire aftermarket category Brazil,” said Julio BabeckiManaging Partner in the Latin America Fund of L Catterton. “We see numerous levers of value for CantuStore, both organic and inorganic, and look forward to supporting the company’s efforts to realize its full potential.”

“We believe there is a clear opportunity to further develop CantuStore’s legacy of innovation and market leadership and establish the company as the top-of-mind one-stop shop for both consumers and business partners around the world Brazil,” said Fara Khana partner in the Latin America fund of L Catterton. “Our time with Beto and the entire management team has shown that they are a high performing team with a history of proven execution. We look forward to working with Beto and the rest of the management team on CantuStore’s exciting next chapter of growth.”

L Catterton has extensive experience investing in automotive-related consumer categories. Current and past investments in this space include RealTruck, West Marine, AirX Climate Solutions (formerly Airxcel) and Vroom. L Catterton has also made several investments Brazilincluding Espaçolaser, Petlove, St. Marche, FEMME and OdontoCompany.

The transaction is expected to close in the fourth quarter of 2022, subject to customary closing conditions.

Around L Catterton

With more than $33 billion Equity through its fund strategies and 17 offices around the world, L Catterton is the largest global consumer-focused private equity firm. By leveraging deep category knowledge, operational excellence and a broad strategic network of relationships, L Catterton’s team of nearly 200 investment and operations professionals helps management teams around the world build strong, industry-leading brands. Since 1989, the company has made approximately 250 investments in consumer companies. For more information about L Catterton, please visit lcatterton.com.

About CantuStore

CantuStore is a technology and logistics platform that enables complete tire solutions and guides buyers and sellers to offer products and services for a 360° experience to open avenues for people and businesses to evolve. CantuStore is the holding company that controls CantuPneus, the largest Brazilian tire importer and distributor, and PneuStore, the largest tire e-commerce in Brazil Brazil. Located in Itajaí, Santa CatarinaCantuStore has five distribution centers and 39 stores in all regions of Brazil to offer complete tire solutions. For more information, visit: www.cantustore.com.br

Media contacts:

L Catterton

Julia Hamilton
Managing Director, Corporate Communications
[email protected]
203.742.5185

CantuStore

Capital Informação – Public Relations

Richard Varoli[email protected] +55 11 99315 3522
Mariana Lima[email protected] +55 82 99971 3558

Phone: +55 11 3926-9517 or +55 11 3926-9518

SOURCE L Catterton

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