Equity International, the privately held investor and builder of companies outside of the United States, closed on a $58 million investment in GuardeAqui, a privately owned self-storage company in São Paulo, Brazil. Equity International now has six portfolio companies in Brazil.
Founded in 2006, GuardeAqui is Brazil’s first self-storage operating company. GuardeAqui owns and operates three facilities in key locations in the São Paulo metropolitan area including Lapa, Liberdade and Santo Amaro. The facilities encompass approximately 23,000 square meters (approximately 248,000 square feet) of leasable space.
The self-storage sector in Brazil is small and generally non-professional, characterized by limited competition consisting largely of single-store operators with mixed-quality properties and insufficient capital for meaningful growth. There are approximately 50 facilities in all of Brazil, most of which are concentrated in São Paulo.
“The investment from a preeminent investor such as Equity International confirms the strength of GuardeAqui’s platform and growth prospects,” said Mario Fernandez, GuardeAqui’s founder. “Equity International has set the standard for real estate-related company building outside of the United States and no doubt GuardeAqui will benefit immensely from their many contributions.”
Equity International’s investment in GuardeAqui will enable accelerated management and portfolio growth with the objective of creating a national platform. Equity International’s Christopher Fiegen and Gustavo Browne will join the company’s board of directors.