Emergent Cold Latin America Launches With $450Mm Capital Raise To Provide Industry-Leading Temperature-Controlled Logistics Solutions To Customers In Latin America; Completes First Acquisition In Peru

Emergent Cold Latin America (“Emergent LatAm” or the “Company”), Latin America’s newest temperature-controlled warehousing and logistics provider, today announced the launch of the Company with a $450MM capital raise, which will provide food and beverage customers with access to the region’s highest quality cold storage facilities and fill a growing need for integrated end-to-end logistics solutions within the market. Anchor investors are Lineage Logistics (“Lineage”), the world’s largest temperature-controlled industrial REIT and logistics solutions provider; Stonepeak Partners LP (“Stonepeak”), a leading alternative investment firm specializing in infrastructure and real assets; and D1 Capital Partners, an investment fund founded by Dan Sundheim. The Company also announced the completion of its first strategic acquisition of Perú’s newest and most advanced individually quick-frozen (IQF) fruit processing facility located in Piura, along with its 7,300-pallet-position warehouse which serves Northern Perú’s domestic customers as well as the import/export trade at Paita Port.