M&A Deal Summary

ALTRA Investments Acquires CrediQ S.A. de C.V.

On January 1, 2011, private equity firm ALTRA Investments acquired financial services company CrediQ S.A. de C.V.

Acquisition Highlights
  • This is ALTRA Investments’ 1st transaction in the Financial Services sector.
  • This is ALTRA Investments’ 1st transaction in El Salvador.

M&A Deal Summary

Date 2011-01-01
Target CrediQ S.A. de C.V.
Sector Financial Services
Buyer(s) ALTRA Investments
Deal Type Buyout (LBO, MBO, MBI)

Target

CrediQ S.A. de C.V.

San Salvador, El Salvador
CrediQ S.A. de C.V. is a specialized auto financing company in Central America with operations in El Salvador, Honduras, and Costa Rica. CrediQ was established in 1994 by Grupo Q, Central America’s second-largest car distributor, to provide auto financing to its car dealerships, and became fully independent in 2011.

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Buyer(S) 1

Buyer

ALTRA Investments

Bogota, Colombia

Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 547M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ALTRA Investments is a private equity firm focused on investment opportunities in Columbia and Peru. The firm focuses on midcap companies generating sales of $15 to $150 million. ALTRA generally favors industries with significant barriers to entry, increasing foreign investment, and consolidation possibilities. The firm invests in the range of $30 - $60 million per transactions. ALTRA will not invest in early stage situations, mining exploration, and basic manufacturing without sustainable advantages. ALTRA was formed in 2005 and has offices in Lima and Bogota.


DEAL STATS #
Overall 9 of 18
Sector: Financial Services M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 8 of 17
Country: El Salvador M&A 1 of 1
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-01 TermoYopal

Bogota, Colombia

TermoYopal is a strategically located gas-thermal power generation company in Colombia with five energy generation turbines and installed capacity of 109 MW. TermoYopal’s facilities are adjacent to three gas fields with reserves of 1.2 trillion cubic feet, representing 30 years of production at normal rates. TermoYopal is based in Bogota, Colombia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-26 Corporación Infarmasa SA

Lima, Peru

Corporación Infarmasa SA manufactures and markets branded and unbranded generic drugs, primarily corticosteroids, antihistamines, analgesics and antibiotics, and has of over 600 registered products, of which over 500 are currently marketed.

Sell -