M&A Deal Summary

Grupo Axo Acquires Komax

On November 1, 2022, Grupo Axo acquired retailer Komax from Linzor Capital Partners

Acquisition Highlights
  • This is Grupo Axo’s 1st transaction in the Retail sector.
  • This is Grupo Axo’s 1st transaction in Chile.

M&A Deal Summary
Date 2022-11-01
Target Komax
Sector Retail
Buyer(s) Grupo Axo
Sellers(s) Linzor Capital Partners
Deal Type Add-on Acquisition

Target

Komax

Huechuraba, Chile
Komax is a retailer that distributes brands such as The North Face, GAP, Brooks Brothers, DC, Kipling and others. Komax was founded in 1990, operates through 147 store locations, 114 in Chile and 33 in Peru.

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Buyer(S) 1

Buyer

Grupo Axo

Mexico City, Mexico
Category Company
Founded 1994
Sector Retail
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Chile) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

Linzor Capital Partners

Santiago, Chile

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Linzor Capital Partners is an asset management and private equity firm focused on Latin America. Linzor targets control investments in mid-sized businesses in need of operational improvement. The Firm's looks to invest between $20 and $85 million in companies valued up to $400 million. Linzor does not have any sector preferences. Linzor Capital Partners was formed in 2006 and has offices in Santiago, Chile; Buenos Aires; Mexico City; and Bogota.

DEAL STATS #
Overall 5 of 6
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 4 of 5
Country (Chile) 3 of 3
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-04 Mundo Pacifico

Concepcion, Chile

Mundo Pacifico is a Chilean company that provides residential telecommunication services through high-speed fiber-to-the-home connections (FTTH). Mundo Pacifico offers broadband internet of up to 1,000 Mbps, pay TV, and voice services, serving a wide client base through a network with over one million homes passed and more than 11,000 km of fiber in Chile. Mundo Pacifico was founded in 1994 and is based in Concepcion, Chile.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-21 WIN

San Isidro, Peru

WIN specializes in providing fiber-optic internet services, mainly to residential customers. WIN is based in San Isidro, Peru.

Buy -
Mergr

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