Buyout (LBO, MBO, MBI) • Financial Services

Equity International and Nexxus Capital Acquire Crédito Inmobiliario S.A. de C.V.

On January 1, 2003, private equity real estate Equity International and private equity firm Nexxus Capital acquired financial services company Crédito Inmobiliario S.A. de C.V.

Acquisition Context
  • This is Equity International’s 1st and Nexxus Capital’s 1st transaction in the Financial Services sector.
  • This is Equity International’s 4th and Nexxus Capital’s 1st transaction in Mexico.
Investment Fate
  • Crédito Inmobiliario S.A. de C.V. was sold to a strategic buyer in 2009.

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M&A Deal Summary

Date January 1, 2003
Target Crédito Inmobiliario S.A. de C.V.
Sector Financial Services
Buyer(s) Equity International
Nexxus Capital
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Crédito Inmobiliario S.A. de C.V.

Mexico City, Mexico
Crédito Inmobiliario, S.A. de C.V. is a residential mortgage and finance company.
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Buyers Overview 2

Buyer

Equity International

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Real Estate
Founded 1999
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Equity International is a private equity real estate firm focused on investment opportunities located outside the US. Equity International looks to co-invest alongside outside operating and financial partners when considering new projects or proposals. Specific areas of interest include the office, industrial, retail, entertainment, hospitality, finance, homebuilding and senior living sectors. The Firm's geographic interest lies in areas with economic growth, capital market inefficiency and limited competition. Equity International was formed in 1999 by Sam Zell and Gary Garrabrant and is headquartered in Chicago, Illinois.


Deal Context for Buyer #
Overall 6 of 27
Sector: Financial Services 1 of 2
Type: Buyout (LBO, MBO, MBI) 5 of 16
Country: Mexico 4 of 5
Year: 2003 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 Mexico Retail Properties

Mexico City, Mexico

Mexico Retail Properties (MRP) is a privately-held company headquartered in Mexico City. Founded in 2003 by Black Creek Group and Equity International, MRP is exclusively focused on the development, acquisition and management of institutional quality retail property. This represents the second venture between Equity International and Black Creek following the formation of Corporate Properties of the Americas (CPA) in 2000.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-01 Corporate Properties of the Americas

Monterrey, Mexico

Corporate Properties of the Americas (CPA) is a privately-held company headquartered in Monterrey, Mexico. Founded in 2000 by Equity International and Denver-based Black Creek Group, the Company is among the largest professional industrial property companies in Mexico. From inception, CPA has exclusively focused on the acquisition, development and management of institutional quality industrial property. The Company?s disciplined and opportunistic approach has resulted in a national operating platform and one of the largest portfolios of modern industrial properties in Mexico. The Company enjoys strong brand awareness as the most active corporate builder in Mexico, having completed the 2.5-million-square-foot Ford Motor Company supplier park in Hermosillo. CPA has established outstanding relationships with a number of leading multinational companies such as Newell Rubbermaid, Caterpillar, Inland, Alcoa, Motorola and Fresenius. Additionally, the Company has a number of prominent Mexican corporate clients including Sabritas (Frito Lay), Bimbo and Liverpool.

Sell -
Buyer

Nexxus Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Nexxus Capital is a private equity firm focused on investing equity and junior capital in small and mid-sized companies throughout Mexico and Spain. The Firm's primary investment vehicle looks to provide expansion capital to medium-sized Mexican companies that have clear growth potential, highly scalable platforms, and talented management. Areas of interest include retail, consumer products, services, financial services, tourism, and construction. In addition to investing in Mexican companies, Nexxus looks to fund Spanish companies looking to expand into Latin America and provide junior capital to companies in need of expansion capital. Nexxus Capital was formed in 1995 and is headquartered in Mexico City.


Deal Context for Buyer #
Overall 1 of 14
Sector: Financial Services 1 of 2
Type: Buyout (LBO, MBO, MBI) 1 of 4
Country: Mexico 1 of 12
Year: 2003 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-01 Credito Real

Mexico City, Mexico

Credito Real is provider of financial services. Credito Real was founded in 1993 and is based in Mexico City, Mexico.

Buy -