{"id":269972,"date":"2024-11-13T13:19:55","date_gmt":"2024-11-13T12:19:55","guid":{"rendered":"https:\/\/www.tapasmagazine.es\/el-empresario-brasileno-ricardo-faria-compra-huevos-dagu-por-120-millones\/"},"modified":"2024-11-13T13:23:13","modified_gmt":"2024-11-13T12:23:13","slug":"brazilian-ricardo-faria-buys-dagu-eggs-for-120-million","status":"publish","type":"post","link":"https:\/\/www.tapasmagazine.es\/en\/brazilian-ricardo-faria-buys-dagu-eggs-for-120-million\/","title":{"rendered":"Brazilian businessman Ricardo Faria buys Dagu Eggs for 120 million"},"content":{"rendered":"\n<p><strong>Click\u00a0<a href=\"https:\/\/www.tapasmagazine.es\/el-empresario-brasileno-ricardo-faria-compra-huevos-dagu-por-120-millones\/\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>\u00a0to read the Spanish version.<\/strong><\/p>\n\n\n\n<p><strong>Cleo Capital<\/strong> and the other partners of <strong>Hevo Group<\/strong> have sold 100% of the shares to an investment company led by the founder and president of <strong>Granja Faria <\/strong>in <strong>Brazil<\/strong>. This is the Brazilian tycoon Ricardo Faria, known as \u2018O Rei do Ovo\u2019 in his home country, who has closed a deal with the venture capital firm to buy Hevo Group for 120 million euros.<\/p>\n\n\n\n<p><strong>Faria<\/strong>, who leads Brazil&#8217;s largest egg producer, with revenues of 1,858 million reais (around 303 million euros) and an ebitda of 646 million reais (105 million euros in 2023), is acquiring Hevo Group, the second largest egg producer in Spain after the consolidation of Dagu, Ous Roig, Granja Agas and Avicola Larrabe, according to market sources. The transaction is carried out in a personal capacity through an investment company domiciled in Europe, and not through Granja Faria.<\/p>\n\n\n\n<p>The Brazilian, in turn, chairs Insolo, a company dedicated to soybean and corn cultivation, and the family office RCF Capital. In 2017, he sold Lavebras, the largest laundry in Latin America, to France&#8217;s Elis for 1.3 billion reais (\u20ac212 million at current exchange rates).<\/p>\n\n\n\n<p>The sale to <strong>Ricardo Faria<\/strong> brings to an end Cleon Capital&#8217;s investment period in Hevo Group. The private equity firm, which controlled 90% of the capital, created the company from the acquisition and integration of Dagu, Ous Roig, Granja Agas and Av\u00edcola Larrabe. The sum of these companies formed a group with a production of more than 80 million dozen eggs per year and nearly four million hens, which places it only behind Huevos Guill\u00e9n, the main supplier of eggs to Mercadona.<\/p>\n\n\n\n<p><strong>Hevo Group<\/strong>, in any case, also distributes in <strong>Mercadona<\/strong>, as well as in other large chains such as El Corte Ingl\u00e9s, Carrefour, Maro, Covir\u00e1n, Coaliment, Eroski, Consum, Bon Preu, Dia and Condis.<\/p>\n\n\n\n<p>The group&#8217;s directors <strong>Juan Gigante<\/strong> and <strong>Bienvenido R\u00edos <\/strong>are also leaving the shareholding as part of the operation with the sale of their 10% stake in the company, according to the sources consulted.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Dagu Expansion<\/h2>\n\n\n\n<p>Since <strong>Cleon Capital<\/strong> took control of <strong>Dagu<\/strong> in 2019, the company has tripled in size to reach revenues of \u20ac155m in 2023, up 25% from a year earlier, with a net profit of \u20ac7m, up from \u20ac3.5m the previous year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Click\u00a0here\u00a0to read the Spanish version. Cleo Capital and the other partners of Hevo Group have sold 100% of the shares to an investment company led by the founder and president of Granja Faria in Brazil. This is the Brazilian tycoon Ricardo Faria, known as \u2018O Rei do Ovo\u2019 in his home country, who has closed [&hellip;]<\/p>\n","protected":false},"author":318,"featured_media":269961,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15812,1],"tags":[15974],"class_list":["post-269972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-sin-categorizar","tag-huevos-en","cat-15812-id","cat-1-id"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Brazilian businessman Ricardo Faria buys Dagu Eggs for 120 million - Tapas<\/title>\n<meta name=\"description\" content=\"Click\u00a0here\u00a0to read the Spanish version. Cleo Capital and the other partners of Hevo Group have sold 100% of the shares to an investment company led by the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tapasmagazine.es\/en\/brazilian-ricardo-faria-buys-dagu-eggs-for-120-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brazilian businessman Ricardo Faria buys Dagu Eggs for 120 million - Tapas\" \/>\n<meta property=\"og:description\" content=\"Click\u00a0here\u00a0to read the Spanish version. Cleo Capital and the other partners of Hevo Group have sold 100% of the shares to an investment company led by the\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tapasmagazine.es\/en\/brazilian-ricardo-faria-buys-dagu-eggs-for-120-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Tapas\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/tapasmagazine\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-13T12:19:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-13T12:23:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.tapasmagazine.es\/wp-content\/uploads\/2024\/11\/i.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tapas Magazine\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TapasMagazine\" \/>\n<meta name=\"twitter:site\" content=\"@TapasMagazine\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tapas Magazine\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.tapasmagazine.es\\\/en\\\/brazilian-ricardo-faria-buys-dagu-eggs-for-120-million\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.tapasmagazine.es\\\/en\\\/brazilian-ricardo-faria-buys-dagu-eggs-for-120-million\\\/\"},\"author\":{\"name\":\"Tapas Magazine\",\"@id\":\"https:\\\/\\\/www.tapasmagazine.es\\\/#\\\/schema\\\/person\\\/ea9005ac2d36a0c25f3e81c47da0182f\"},\"headline\":\"Brazilian businessman Ricardo Faria buys Dagu Eggs for 120 million\",\"datePublished\":\"2024-11-13T12:19:55+00:00\",\"dateModified\":\"2024-11-13T12:23:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.tapasmagazine.es\\\/en\\\/brazilian-ricardo-faria-buys-dagu-eggs-for-120-million\\\/\"},\"wordCount\":384,\"publisher\":{\"@id\":\"https:\\\/\\\/www.tapasmagazine.es\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.tapasmagazine.es\\\/en\\\/brazilian-ricardo-faria-buys-dagu-eggs-for-120-million\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.tapasmagazine.es\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/i.jpg\",\"keywords\":[\"huevos\"],\"articleSection\":[\"Breaking News\",\"Sin categorizar\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.tapasmagazine.es\\\/en\\\/brazilian-ricardo-faria-buys-dagu-eggs-for-120-million\\\/\",\"url\":\"https:\\\/\\\/www.tapasmagazine.es\\\/en\\\/brazilian-ricardo-faria-buys-dagu-eggs-for-120-million\\\/\",\"name\":\"Brazilian businessman Ricardo Faria buys Dagu Eggs for 120 million - Tapas\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.tapasmagazine.es\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.tapasmagazine.es\\\/en\\\/brazilian-ricardo-faria-buys-dagu-eggs-for-120-million\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.tapasmagazine.es\\\/en\\\/brazilian-ricardo-faria-buys-dagu-eggs-for-120-million\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.tapasmagazine.es\\\/wp-content\\\/uploads\\\/2024\\\/11\\\/i.jpg\",\"datePublished\":\"2024-11-13T12:19:55+00:00\",\"dateModified\":\"2024-11-13T12:23:13+00:00\",\"description\":\"Click\u00a0here\u00a0to read the Spanish version. 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