Quilvest Capital Partners (“Quilvest”)is pleased to announce that one of its earliest portfolio companies, BBB Foods Inc. (“BBB”), a pioneer and leader in Mexico’s grocery hard discount sector, has completed a successful initial public offering (“IPO”). BBB began trading on the New York Stock Exchange under the ticker “TBBB” on 9 February 2024.
This IPO is a testament to the remarkable growth and strategic evolution of BBB, significantly shaped by Quilvest’s role as the anchor investor since its initial commitment in 2004, a year before the company opened its first store. Over the next two decades, Quilvest has remained a steadfast partner, accompanying BBB’s development through multiple rounds of investment. Additional information about BBB can be found in its public filings with the United States Securities and Exchange Commission.
A spokesperson for Quilvest Capital Partners commented: “This successful initial public offering demonstrates Quilvest’s expertise in forging strong partnerships with visionary management teams and supporting them throughout their journey of value creation, culminating in this positive outcome. We are proud to have contributed to BBB’s evolution and eagerly anticipate the opportunities that lie ahead in this new chapter.