In 2001 Grupo Empresarial Bavaria, the then second largest brewery company in Latinamerica initiated a plan to streamline its entire operation and refocus its development strategy on its core business.
Following a competitive bid process, Bavaria retained Flagler Investment Management to assist in the management and restructuring of its real estate portfolio comprised of more than 1,300 assets in 9 Colombian cities.
Approach and Results
After a detailed valuation and classification of the Portfolio, FI Management proposed and implemented a large disposition program. Within 24 months, all unproductive assets were sold or leased exceeding Bavaria 's expectations in value and time. Grupo Empresaria Bavaria kept full ownership of the most strategic plants, office buildings and development sites which were in turn managed by FI Management.
Bavaria's retestructuring strategy paid off with the acquisition of Bavaria by SabMiller in 2005.