Brazil’s Stratus Group recently acquired majority stakes in Farma Participações—the owner of pharmacy chain Poupafarma—and packaged-food company Alnutri Alimentos for a total of about R$200m (US$54.6m). Poupafarma and Alnutri became the first operational companies of two platforms—Investfarma and DGH Participações, also called DGH Foods, respectively—Stratus created to expand each business. With these two investments, Stratus Group has finished deploying its second fund.

(Stratus Group) Brazil’s Stratus Group has finished deploying its second fund with two deals that will put the midmarket investor’s “buy-and-build” strategy to test.

The São Paulo private-equity firm in the past three months acquired majority stakes in Farma Participações SA—the owner of pharmacy chain Poupafarma—and packaged-food company Alnutri Alimentos Ltda. for a total of about 200 million Brazilian reais ($54.6 million), said Álvaro Gonçalves, a Stratus co-founder and managing partner. Poupafarma and Alnutri became the first operational companies of two platforms—Investfarma SA and DGH Participações SA, also called DGH Foods, respectively—Stratus created to expand each business.

The acquisitions were the final two transactions Stratus made out of its previous fund, Stratus Capital Partners II, which closed in 2014 on $150 million and now is fully invested, according to Mr. Gonçalves. Read more here.