Valorem leads a corporate group that grows in a sustainable way through transforming or escalating service companies with disruptive business models, leveraging in its talent and in its corporate prestige.
Valorem’s origin
History
Valorem’s origin
Corporate reorganization
In the following years, Valorem underwent a process of portfolio optimization and corporate reorganization by divesting from investments that were less profitable or outside its primary investment focus. This was done to create value for its shareholders, with an organizational and corporate governance framework designed to fulfill the role of an Investment Holding Company.
”In 2004, Valores Bavaria changed its name and established the brand and image of Valorem.
Valorem retained companies such as Caracol Televisión and Comunican (El Espectador) in its portfolio, which had a proven track record in the media and entertainment sector. Similarly, it kept other companies such as Reforestadora de la Costa (Refocosta), in the reforestation sector, and Gases del Caribe in the natural gas distribution services sector.
New investments and consolidation of the business portfolio
Valorem pursued its goal of creating value for its shareholders by making new acquisitions to strengthen its portfolio. One of its notable acquisitions was
- Cine Colombia in 2008, a leading company involved in the trading, distribution, exhibition, and production of cinematic films.
- In 2011, Valorem began investing in D1 (formerly Koba Colombia), a pioneer in the hard discount retail model of essential household products. Valorem eventually acquired control in 2015, owning almost 60% of the company.
- Finally, in 2015, Valorem established San Francisco Investments to develop a hotel project in Cartagena.
Asset Consolidation
Delisting of the Colombian Stock Exchange
In 2018, Invernac & Cía. S.A.S. initiated a takeover bid to cancel the registration of Valorem’s shares on the Colombian Stock Exchange and the National Registry of Securities and Issuers.
On June 25, 2018, the Colombian Financial Superintendence cancelled Valorem’s shares registration in both the NRSI and the Colombian Stock Exchange. Valorem then notified the Superintendence of Companies of its compliance with Article 2.2.2.1.1.1. of the Decree 1074 of 2015, subjecting the company to surveillance by the Superintendence.
On July 16, 2019, Valorem S.A. became a simplified stock company as per Article 31 of the Law 1258 of 2008, after receiving approval from the General Shareholders Meeting in an extraordinary session held on March 28, 2019.
Órganos de gobierno
Board of Directors
Es administrador de empresas de la Universidad de Los Andes, en Bogotá, y realizó un MBA en el Instituto de la Empresa, en Madrid.
Es ingeniero químico de la Universidad de Antioquia y Master Brewer del Siebel Institute of Technology de Chicago.
Es egresado de EAFIT, posee una maestría en Desarrollo Económico Latinoamericano de la University of London y un MBA de la Universidad de Los Andes.
Estudió Ciencias Económicas en la Universidad Autónoma de Madrid, y Finanzas y Negocios Internacionales en New York University.
Es ingeniero industrial de la Universidad Javeriana y completó estudios de estrategia y desarrollo gerencial en IMD Suiza, y un MBA en NYU Stern School of Business, London School of Economics y HEC París.
Administración
Es ingeniero civil de la Universidad de los Andes y cuenta con Especialización en Finanzas de la misma universidad.
Es abogado de la Universidad Santo Tomás. Cuenta con una especialización en Derecho Comercial de la Universidad de los Andes.
Es egresado del Colegio de Estudios Superiores de Administración, CESA. Cuenta con una especialización en Finanzas Corporativas de la misma universidad.
Valorem’s portfolio share (%)
93
99
97
60
100
100
100
20
*Corresponde a la participación directa e indirecta
Main financial indicators
Valorem Group figures as of December 31, 2022.
Figures in millions of dollars.
According to the separate or individual financial statements of each company.