NEW YORK--(BUSINESS WIRE)--Caballero Verde S. de R.L. (Caballero), a Panamanian investment company managed by a private equity firm with approximately US$2 billion assets under management, today announced that through a series of transactions over the last nine months, it has recently completed the purchase of all shares of Latin American Regional Aviation Holdings S.A. (LARAH)’s outstanding equity.
As a result of these transactions, the investors that had capitalized LARAH and the Uruguayan Airline Pluna S.A. in 2007 and 2010 have each sold all their shares to Caballero. Caballero is now the sole shareholder of LARAH.
Brian Maddox, Caballero’s spokesperson based in New York, indicated: “After spending over two years analyzing the investment in LARAH, Caballero believes that the project provides a significant opportunity, and it looks forward to working diligently with LARAH and its stakeholders to realize its full potential.”