Investment Summary

General Atlantic and BlackRock Capital Investment Invest In Grupo Axo

On May 30, 2017, growth capital firm General Atlantic and business development company BlackRock Capital Investment invested in retailer Grupo Axo

Investment Highlights
  • This is General Atlantic’s 7th and BlackRock Capital Investment’s 2nd transaction in the Retail sector.
  • This is General Atlantic’s 3rd and BlackRock Capital Investment’s 1st transaction in Mexico.

Investment Summary

Date 2017-05-30
Target Grupo Axo
Sector Retail
Investor(s) General Atlantic
BlackRock Capital Investment
Deal Type Growth Capital
Advisor(s) Credit Suisse Investment Banking (Financial)

Target

Grupo Axo

Mexico City, Mexico
website
Grupo Axo is a multi-brand retail company that owns and operates Promoda, Mexico’s leading off-price retailer, and also owns the exclusive rights to commercialize 20+ international consumer brands in the apparel and accessories categories in Mexico. Grupo Axo was founded in 1994 and is based in Mexico City.

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Investor(S) 2

Investor
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 172 of 340
Sector (Retail) 7 of 11
Type (Growth Capital) 77 of 127
Country (Mexico) 3 of 7
Year (2017) 7 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-15 ControlExpert

Langenfeld, Germany

ControlExpert develops multifaceted products and services for insurance companies, fleet operators, leasing firms, repair shops, car dealerships, automotive manufacturers, and motor vehicle experts. It links up all the parties involved in the claims and maintenance process and establishes an electronic, data-supported communication standard based on structured data. ControlExpert was formed in 2002 and is based in Langenfeld, Germany.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-20 Snap One

Charlotte, North Carolina, United States

Snap One is a manufacturer and exclusive source of A/V, security, control, networking, and remote management products for professional integrators. Snap One's pro-install channel helps integrators build their businesses by providing a wide range of high-quality products, easily accessible through an intuitive website and backed by award-winning service and support. Snap One was founded in 2005 and is based in Charlotte, North Carolina.

Sell -
Investor

BlackRock Capital Investment

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Business Development Company
Founded 2005
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BlackRock Capital Investment is a publicly traded business development company (BDC) that provides middle-market companies with a variety of financing solutions. This includes senior and junior secured, unsecured and subordinated debt securities and loans, as well as equity. BlackRock Capital targets profitable companies with strong management and defensible market positions that may be underserved by traditional lending sources. The Firm looks to commit $10 to $50 million in businesses generating $10 to $50 million of EBITDA. BlackRock was formed in 2005 by BlackRock and Kelso & Company. The Firm has offices in New York City and Chicago.


DEAL STATS #
Overall 25 of 33
Sector (Retail) 2 of 2
Type (Growth Capital) 4 of 5
Country (Mexico) 1 of 1
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-14 Ascend Learning

Burlington, Massachusetts, United States

Ascend Learning is a provider of educational content and software tools for students, educational institutions, and employers. With products that span the learning continuum, Ascend Learning focuses on high-growth careers in a range of industries, with a special focus on healthcare and other licensure-driven occupations. Ascend Learning was founded in 2010 and is based in Burlington, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-19 Belron

Surrey, United Kingdom

Belron is a provider of glass repair and replacement, trading under more than 10 major brands including Carglass, Safelite AutoGlass, and Autoglass. In addition, it manages vehicle glass and other insurance claims on behalf of insurance customers. Belron is also expanding its services to focus on solving problems for people who need assistance with repairs to their vehicles and homes. Belron is based in Surrey, United Kingdom.

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