—Our Investment Vehicles—

—Referencia International I—

Referencia International I was launched in 2005 and made a total of 4 investments in the consumer sector in Brazil and in Europe. The fund was closed in 2011 after the last investment was successfully sold.

—Referencia International Partners S.à r.l.—

Referencia International Partners S.à r.l. was set up in Luxembourg in 2012 in order to invest in consumer goods and services companies in France and Italy.