Investment Summary

Northgate Capital and Alta Growth Capital Invest In Extended Suites

On June 21, 2016, private equity firm Northgate Capital and growth capital firm Alta Growth Capital invested in leisure company Extended Suites for 530M USD

Investment Highlights
  • This is Northgate Capital’s 1st and Alta Growth Capital’s 1st transaction in the Leisure sector.
  • This is Northgate Capital’s and Alta Growth Capital’s largest (disclosed) transaction.
  • This is Northgate Capital’s 2nd and Alta Growth Capital’s 11th transaction in Mexico.

Investment Summary

Date 2016-06-21
Target Extended Suites
Sector Leisure
Investor(s) Northgate Capital
Alta Growth Capital
Deal Type Growth Capital
Deal Value 530M USD

Target

Extended Suites

Chapultepec Morales, Mexico
Extended Suites is the first hotel chain in Mexico exclusively focused on servicing the low-cost extended stay market segment. The Company currently operates three hotels in Monterrey, Coatzacoalcos and Ciudad del Carmen. Extended Suites was founded in 2009 and is based in Chapultepec Morales, Mexico.

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Investor(S) 2

Investor

Northgate Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 4.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Northgate Capital is a private investment firm focused on venture and private equity investing. The Firm's venture group will consider opportunities globally looks to make direct investments in rapidly growing companies as well as invest in venture funds. Northgate's private equity group looks to provide provide equity and mezzanine capital to growth oriented small and middle-market companies operating in Mexico. Northgate Capital was formed in 2000 and is based in San Francisco, California.


DEAL STATS #
Overall 20 of 23
Sector (Leisure) 1 of 1
Type (Growth Capital) 2 of 4
Country (Mexico) 2 of 5
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-12 BandPage

San Francisco, California, United States

BandPage, Inc. is an online platform for musicians to share music, videos, photos and touring schedules.

Sell $8M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-31 Visible Measures

Boston, Massachusetts, United States

Visible Measures Corp. is a content advertising technology provider, enables brands to better compete for consumer engagement by maximizing their Share of Attention relative to media spend in video content advertising. Visible Measures Corp. was established in 2005 and is headquartered in Boston, Massachusetts.

Sell $10M
Investor

Alta Growth Capital

Bosques de las Lomas, Mexico

Category Growth Capital Firm
Founded 2007
PE ASSETS 142M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Alta Growth Capital is a private equity firm focused on investing in middle-market companies operating in Mexico. Alta looks for opportunities benefiting from the increased consumption of goods and services in Mexico and the US Hispanic market. These areas include the consumer goods, financial services, housing, healthcare, education, entertainment, and selective manufacturing and industrial sectors. Alta looks to commit $10 to $30 million US in companies generating sales of $15 to $120 million. Alta will consider both majority and minority positions. Alta Growth Capital was formed in 2007 and is based in Bosques de las Lomas.


DEAL STATS #
Overall 12 of 20
Sector (Leisure) 1 of 1
Type (Growth Capital) 6 of 10
Country (Mexico) 11 of 18
Year (2016) 3 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 AGH Labels

Leon, Mexico

AGH Labels is a labels manufacturer in Mexico with multinational corporations and AAA national clients. Its main products include paper and flexible labels. The Company offers an integrated service, including design, production, and delivery. AGH prides itself on being the most efficient label producer of long and short runs in Mexico with excellent service. AGH Labels is based in Leon, Mexico.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-17 Maskota

Mexico

Maskota is a pet retailer focused on promoting pet companionship and enriching people’s relationship with their pets. Capitalizing on its superior brand recognition, the Company currently operates over 270 stores under the +Kota Animal, +Kota Food, and +Kota Franchise store formats. Maskota is based in Mexico.

Buy -