Sale process of Gávea’s minority stake in Chilli Beans to selected investors
Exclusive financial advisor to Gávea Investimentos
March 2019• In March 2019, Gávea Investimentos concluded the sale of its minority stake in Chilli Beans
– Caito Maia, Chili Beans’ founder, reacquired the minority stake owned by Gávea Investimentos, which exited after the conclusion of the investment cycle from its fourth fund
• Founded in 1997 by Caito Maia, Chilli Beans sells eyewear, watches and accessories through a wide network of franchises, multi-brand stores and its e-commerce platform
– Chilli Beans is the national leader in the sunglasses market and the second largest company in the overall Brazilian eyewear market