3B1 Partners

“On average, our portfolio grew like 60% in revenue last year, 40% again this first quarter, and you see that's basically the beginning of the normalization of economic activity.”

“Venezuela was traditionally one of the most profitable markets in Latin America in every industry. When we were working in telecoms, margins in telecoms company was like, 40%. The rest of the region was 25. Food was the same, and we still see it to date.”

“Actually, in all our projections, when we began buying assets in 2020, was for like two or three years of more economic hardship. And it really, the dollarization was an impressive catalyst to create increased performance.”

“The transactions that we're looking at, I would say they range between three and a half to five times EBITDA, three and a half to four and a half times EBITDA.”

“Because we want the least micro risk that we can, because what we want is the exposure to the macro risk. So we don't want any turnaround situations. We don't want any company in crisis. We don't want a company without management.”