Investment Summary

Alta Growth Capital and Nexxus Capital Invest In Turistore

On October 31, 2018, growth capital firm Alta Growth Capital and private equity firm Nexxus Capital invested in retailer Turistore

Investment Highlights
  • This is Alta Growth Capital’s 2nd and Nexxus Capital’s 2nd transaction in the Retail sector.
  • This is Alta Growth Capital’s 15th and Nexxus Capital’s 12th transaction in Mexico.

Investment Summary

Date 2018-10-31
Target Turistore
Sector Retail
Investor(s) Alta Growth Capital
Nexxus Capital
Deal Type Growth Capital

Target

Turistore

Mexico
Turistore is a souvenir retail chain in Mexico’s top tourist locations. Turistore currently operates more than 16,000 m2 of retail floor space spread across the Riviera Maya, Puerto Vallarta, and Los Cabos, concentrated in tourist avenues, cruise docks, and shopping centers. The stores operate under diverse brands and sell handicrafts, souvenirs, clothing, pharmacy, totaling over 27,000 SKUs. Turistore was founded in 1982 and is based in Mexico.

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Investor(S) 2

Investor

Alta Growth Capital

Bosques de las Lomas, Mexico

Category Growth Capital Firm
Founded 2007
PE ASSETS 152M 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 16 of 20
Sector: Retail M&A 2 of 2
Type: Growth Capital M&A Deals 9 of 10
Country: Mexico M&A 15 of 18
Year: 2018 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-31 Tangelo

Mexico city, Mexico

Tangelo is an independent leasing company provides specialized financing of productive assets to Mexican small and medium-sized enterprises, a sector that is largely underserved by banking institutions despite representing the majority of the economic activity in the country. Tangelo offers tailored products, including capital leasing, operating leases, transportation services, factoring, cash financing and equipment financing, through a salesforce of more than 80 professionals and an extensive network of vendors and brokers. Tangelo was founded in 1996 and is based in Mexico City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-11 Lottus Education

Distrito , Mexico

Lottus Education is a tech-powered consolidation platform of higher education in Mexico. Through its operating brands, Lottus Education offers high-school, undergraduate, and graduate educational programs and services, online and on-campus in Mexico. Lottus Education has more than 45,000 enrolled students, including over 20,000 digital students, nationwide. Lottus Education was founded in 2015 and is based in Distrito, Mexico.

Buy -
Investor

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 STATS #
Overall 13 of 14
Sector: Retail M&A 2 of 2
Type: Growth Capital M&A Deals 7 of 8
Country: Mexico M&A 12 of 12
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-21 Maak Arca Holding S.A. de C.V.

Mexico City, Mexico

Maak Arca Holding S.A. de C.V. is a provider of commercialize marble, granite and other natural stones in Mexico.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-26 Harmon Hall

Mexico City, Mexico

Harmon Hall is a provider of english language school chain. Harmon Hall Holding is based in Mexico City.

Sell -