The US$225 million-dollar transaction in Diesco was made through the West Street Strategic Solutions Fund I (WSSS I) and marks a milestone for a Dominican capital company continuing its regional expansion.
Alyon is a multisectoral platform that results from the evolution of Diesco, after almost six decades of a successful trajectory in the DR and the Caribbean.
Santo Domingo – The Dominican entrepreneur Manuel Diez Cabral announced the emergence of the multi-latin platform ALYON, as a result of the financial investment that Goldman Sachs, the leading international investment bank, made in Diesco.
The transaction aims to accelerate the regional expansion of ALYON’s industrial branch, DIESCO, through a US$225MM investment which includes US$115MM in preferred shares.
ALYON is a business ecosystem composed of DIESCO, its industrial packaging and beverage division with operations in the Dominican Republic, Puerto Rico and Colombia serving over 25 countries; its capital division, Advanced Capital Group; its real estate development division, INTERRA; and its participation in the education field through Barna Management School.
“Today marks a milestone in our business history, we begin a new stage with the support of the world’s leading investment and securities bank, Goldman Sachs. Today we are growing and creating a new multi-latin platform, as a result of a track record of business excellence that spans almost 60 years. In addition, this transformational investment serves as recognition of the optimistic future of the Dominican Republic, Puerto Rico, Colombia and the region ”, assured Manuel Diez Cabral, president and CEO of DIESCO and ALYON.
The Goldman Sachs representative, (xxx), highlighted that investment in this successful regional platform is the gateway to Latin America for its flagship investment fund called West Street Strategic Solutions Fund I (WSSS I), with more than US$14,000MM in capital to invest globally. The Goldman executive explained that this would be the first investment of the fund in Latin America and emphasized that other investments are already planned jointly to make Diesco one of the most important industrial groups in the region. (xxx) remarked that the impressive growth of Diesco and its regional expansion are a direct reflection of the talent of management and its over 1500 collaborators that have showed resilience and vision to overcome obstacles and pioneer business development in the region. “We are proud to help energize and accelerate growth of the Diesco value platform, and through them, the development of the countries where they operate.”
The event in which the birth of ALYON and the investment of Goldman Sachs in Diesco took place, was presided by the President of the Dominican Republic, Luis Abinader Corona, who assured that the investment of this important international bank in this emblematic local and regional business group demonstrates the confidence in the Dominican Republic business environment, as well as its investment climate, which promotes strategic alliances that influence the creation of new business opportunities to strengthen competitiveness and generate employment.
Diez Cabral expressed that the emergence of ALYON accelerates its vision of business expansion, with the commitment to continue supporting social, economic, and environmental development in the countries where it operates, inspired by its true north of: Building Opportunities and Transforming Lives.