Ithaca launches in Colombia with $5M packaging deal

What's the deal? Ithaca Asset Management, a new Colombian private-capital vehicle co-founded by Eduardo Pacheco, has launched with a strategy of providing long-term growth capital to mid-sized companies. Its first deal is a COP$20,000 million (roughly $5 million) investment in packaging manufacturer CFC CafarcolDealroom has a profile for this one. Try Dealroom →.

What's the endgame? Ithaca is targeting mid-sized firms that need patient, long-term capital to grow. The CFC Cafarcol investment marks its opening move.

The signal: A homegrown vehicle aimed at Colombia's mid-market points to appetite for growth capital beyond the region's largest deals.

Read more: Ground News

Image credit: USDAgov