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Direct Investments

Direct Investments

LEON

LEON is a quick service restaurant chain based in the UK. The founders set out to prove that it was possible to serve fast food that both tastes good and does you good.
The menu is inspired by the flavors, variety and natural healthiness of Mediterranean cooking, and prices are reasonable, so that everyone can eat well. Spice’s investment will help LEON pursue its growth plan in the UK and internationally.

Watch the video about LEON Restaurants

INVESTMENT SELECTED NUMBERS
Spice PE’s Ownership 40% Revenues 2018 > GBP 60 million
Sector Consumer Sites +60
Investment Date Aug-17 # of Employees +1,000
Current FMV USD 37 million # of People Served Daily +20,000
RIMINI STREET

Rimini Street is a global provider of enterprise software support products and services, and the leading third-party support provider for Oracle and SAP software products.

The company has redefined enterprise software support services since 2005 with an innovative, award-winning program that enables licensees of IBM, Microsoft, Oracle, SAP and other enterprise software vendors to save up to 90 percent on total support costs. Clients can remain on their current software release without any required upgrades for a minimum of 15 years. Over 1,330 global Fortune 500, midmarket, public sector and other organizations from a broad range of industries currently rely on Rimini Street as their trusted, third-party support provider.

INVESTMENT SELECTED NUMBERS
Spice PE’s Ownership 5% # Active Clients +1,800
Sector Technology # of Emplyoees +900
Investment Date Oct-17 Retention Rate +91%
Current FMV USD 16 million
FOODFIRST

FoodFirst Global Restaurants (formerly Bravo Brio Restaurant Group) is a leading US-based owner and operator of two distinctive Italian restaurant brands: Bravo Fresh Italian and Brio Italian Mediterranean.

The company has approximately 100 sites across 32 states in the United States, most of which are strategically positioned in high-traffic areas and A+ shopping centers. FoodFirst strives to be the best Italian restaurant company in America and is focused on providing its guests with an excellent dining experience through consistency of execution. To achieve that goal, a solid management team is being led by Brad Blum, former CEO of Burger King and former president of Oliver Garden.

INVESTMENT SELECTED NUMBERS
Spice PE’s Ownership 56% Revenues 2018 > USD 300 million
Sector Consumer Sites ~100
Investment Date May-18 # of Emplyoees +9,000
Current FMV USD 60 million
THE CRAFTORY

Logo Craftory vermelho

The Craftory is an investment holding company with approximately USD 300 million of permanent capital to deploy in up to 10 of the world’s boldest challenger brands within the fast-moving consumer goods space.

It focuses on Europe and the U.S., searching for high-growth consumer brands with annual revenues of at least USD 10 million. The goal is to boost sales with scalable operations, effective storytelling and digital marketing. The Craftory is being led by entrepreneurs and brand experts such as its founder and CEO Elio Leoni Sceti, who is a current board member of Anheuser-Busch InBev and former CEO at Iglo Birdseye and EMI Music, as well as other experienced professionals who have worked at Coca-Cola, Disney, Polycomm, Atomico, Temasek and other global companies.

INVESTMENT SELECTED NUMBERS
Spice PE’s Ownership 23% Pipeline +800 companies
Sector Consumer Permanent Capital ~USD 300 million
Investment Date May-18 Invested Companies 2 companies
Capital Deployed¹ USD 7 million Portfolio Target 10 companies
Spice PE’s Commitment USD 60 million Target Size > USD 10 million in revenues

(1) As of 31-Mar-2019