Aluna Partners acts as advisor and arranger of an up to $6.0M corporate term loan to Bringo-Algramo to finance its growth strategy in Chile and Latin America.
Jose Manuel Moller, Founder of Algramo and Bringo commented, “This investment from Aluna Partners is instrumental in fueling Bringo-Algramo's next wave of growth and expanding our positive impact. It will enable us to explore new regional markets, bringing our sustainable solutions to more communities yearning for eco-friendly alternatives. With ambitious plans for aggressive expansion, we are confident that Bringo-Algramo will become the undisputed leader in reusable homecare products, leaving a lasting impact on the environment and consumer habits across Latin America and beyond”.
Aluna Partners, a global investment banking firm with expertise in growth technology companies, is pleased to announce its role as private debt underwriter to Bringo-Algramo, on the company’s corporate debt private placement.
The oversubscribed corporate senior note raised significant interest from investors, as the company’s expected growth and sustainability-driven business model have been highly recognized by its client base and the international ESG community. This facility will further support the company’s high-growth strategic plan in Chile and Latin America.
Bringo is a Chile-based Consumer packaging goods and direct-to-consumer (D2C), operating in the household case segment. It also pursues a sustainability and ESG objective, to avoid or reduce the use of plastic packaging by providing a re-usable strategy.
The company started its journey under the brand Algramo, consolidating the highest recognition in Latin America for its sustainability and circular economy objectives, achieving consistent $5 million revenues in 2021 and 2022 while serving a total of 10,500 small stores located in 23 municipalities including Santiago, the capital of Chile.
Jose Manuel Moller, Founder of Algramo and Bringo commented, “This investment from Aluna Partners is instrumental in fueling Bringo-Algramo's next wave of growth and expanding our positive impact. It will enable us to explore new regional markets, bringing our sustainable solutions to more communities yearning for eco-friendly alternatives. With ambitious plans for aggressive expansion, we are confident that Bringo-Algramo will become the undisputed leader in reusable homecare products, leaving a lasting impact on the environment and consumer habits across Latin America and beyond”.
The transaction further highlights Aluna Partners’ unique and growing expertise in the CPG and D2C industry and our ongoing effort to support high-growth companies creating positive impact in Latin America.
Aluna Partners, a global investment banking firm with expertise in growth technology companies, is pleased to announce its role as private debt underwriter to Bringo-Algramo, on the company’s corporate debt private placement.
