Mexico

Private equity and venture capital news from Mexico

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• Emerging markets-focused Aureos Capital invests $10m in Mexican IT company 02 Apr 2009. Aureos Capital, the emerging markets-focused private equity firm, has invested $10m in Mexican IT solutions company Grupo MetroNet.

• Conduit sells natural gas facility for $89m 19 Dec 2008. Source: AltAssets. Latin American and Caribbean-focused infrastructure private equity firm Conduit Capital Partners has completed the sale of the Libramiento natural gas compression facility and an associated gas pipeline to InterGen for $89.2m, excluding the assumption of non-recourse debt.

• Nexxus Capital holds third closing on third Mexican fund on $142m 26 Feb 2008. Source: AltAssets. Mexico City-based private equity firm Nexxus Capital has held a third closing on its third fund, Nexxus III, on $142m. The fund has a target of $250m.

• Conduit sells Mexican power plants for $156m 10 Dec 2007. Source: AltAssets. Electric power and energy-focused private equity firm Conduit Capital Partners has sold its 70 per cent stake in Inelec, a portfolio of three hydroelectric power plants in Western Mexico, to European utility company Enel, for $156m.

• Carlyle's Mexico buy-out team announces first exit 21 Nov 2007. Source: AltAssets. The Carlyle Group has sold portfolio company Hispanic Teleservices Corporation to Teleperformance. Terms of the transaction were not disclosed.

• GP Investments opens Mexico office 06 Nov 2007. Source: AltAssets. GP Investments, the Brazilian buy-out firm that has just closed its latest private equity fund, GP Capital Partners IV, above its $600m target on $1.3bn, has opened a new office in Mexico City, headed by GP partner Márcio Tabatchnik Trigueiro.

• Carlyle acquires Mexican company Arabela from Advent, Procorp 12 Oct 2007. Source: AltAssets. The Carlyle Group has acquired Mexican door-to-door beauty retailer Arabela from buy-out firm Advent International and holding company Procorp. The value of the transaction was not disclosed.

• Sun Capital Partners acquires Real Mex Restaurants 23 Aug 2006. Source: AltAssets. An affiliate of Sun Capital Partners has acquired Real Mex Restaurants, an operator of Mexican casual dining restaurants in the US. Terms of the acquisition were not disclosed.

• Advent leads buy-out of Mexican discount retailer 30 May 2006. Source: AltAssets. Mid-market buy-out firm Advent International has led the leveraged acquisition of discount clothing retailer Controladora Milano, for $200m. The acquisition was funded with $110m of equity and $90m of debt.

• Carlyle and Riverstone form US Phoenix Exploration 21 Apr 2006. Source: AltAssets. Carlyle/Riverstone Global Energy and Power Funds back a new oil and gas firm with its focus on exploration in the Gulf Coast and Gulf of Mexico shelf region.

• Carlyle to acquire Mexican private university Universidad Latinoamericana 23 Sep 2005. Source: AltAssets. US private equity giant The Carlyle Group is to acquire a majority participation in Mexican private university Universidad Latinoamericana. Financial details of the transaction have not been disclosed.

• Darby closes Darby-BBVA Latin American Private Equity Fund on $175m 04 May 2005. Source: AltAssets. Global emerging markets investment firm Darby Overseas Investments has closed the Darby-BBVA Latin American Private Equity Fund on $175m. The fund, launched in partnership with Banco Bilbao Vizcaya Argentaria, focuses principally on Mexico, Brazil and the US Hispanic market. Investors include institutions from the United States, Europe, Canada and Mexico.

• New Mexico Venture Capital Association (NMVCA) launched 12 Oct 2004. Source: AltAssets. VC firms based in New Mexico join to announce formation of new regional association for the US.

• Carlyle Group announces appointments as it expands into Mexico for first time 15 Dec 2003. Source: AltAssets. The Carlyle Group, a US-based global private equity firm, has made a trio of high- level appointments as part of a first foray into Mexico. The firm has hired Luis Tellez and Joaquin Avila to head up its activities in the country and announced that Thomas McLarty will become a senior advisor on the region.

• Discovery Capital Management holds first close on Mexican fund at $50m 26 Nov 2003. Source: AltAssets. Discovery Capital Management and Mexican investment bank, Protego Asesores, have held a first close on a new private equity fund at $50m. The fund will focus on investing in Mexican businesses with sales of between $20m and $500m.

• Baring Americas plans to launch second Mexico fund 11 Dec 2002. Source: AltAssets. New York-based Baring Americas Partners plans to launch its second Mexico fund, Baring Mexico Fund II, in January 2003, with a target of $200m.