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LM was Chairman of Grupo Mariposa, Rocana’s anchor investor since inception when we started RVP1 in 2015, further anchoring us in RVP2 and RVP3, and an invaluable supporter of Rocana’s mission. We acknowledge him as our Founding Investor. He was from the fourth generation of the nearly 130-years family-owned business that has risen to become one of the largest food and beverage companies in Latin America, including being Pepsi’s anchor bottler for almost 90 years, a JV partner of AB Inbev, and a growing portfolio of its own brands.

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LM was a visionary leader, loved by all, a highly strategic thinker, spoke from the heart, and had an intoxicating sense of humor. It was impossible to not feel his presence. His vision of the future to support entrepreneurs in our portfolio was exemplary. During one of his last meals, he spent time with the co-founders of Olipop, charting a path to building Olipop into a global brand. He seemed like he was at his emotional peak, in his element, in his flow state, as excited as we’ve ever seen him. We will miss his energy.

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Over the years, Rocana has built extensive relationships across Grupo Mariposa, including with various family members and the senior management team. Our strategic collaboration with the group has resulted in transformational value-add to our portfolio companies, and similarly, transformational change within Grupo Mariposa leveraging the market intelligence gained from the Rocana platform. The current family members and senior management are excited to continue supporting Rocana. Together we are inspired to honor LM’s legacy and continue to build the consumer brands of tomorrow, delivering on our shared mission of Better Living. He is survived by his wife Diana and three children.

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