Drake Enterprises Chile S.p.A. has sold its entire 50% stake in Colgram S.A.

Fifty percent of Colgram S.A., the children and babies’ clothing company, has been sold to private investors by Drake Enterprises Chile S.p.A.

Colgram sells clothing, footwear and accessories for babies and children through its two brands Colloky and Opaline. The company employs over 1,600 people and manages 115 stores in Chile, Peru and Bolivia.

Drake Enterprises invests in businesses and markets where it can effectively add value. It seeks to efficiently allocate resources with a global perspective through three initiatives: the Drake Endowment, a global investment platform for preserving and appreciating financial assets; Drake Real Estate Partners, a US real estate platform and Drake Direct Investments. The latter is a business development platform that looks for wealth creation by investing in opportunities where sustainable, competitive advantages can be developed.

Oaklins’ team in Chile acted as the financial advisor to Drake Enterprises in their divestment of Colgram.