• 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