Tangelo Acquires ARG

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.

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Abraaj Capital Limited is a private equity firm that seeks investments in the Middle East, North Africa, and South Asia. Abraaj looks for stable, mature businesses and uses a 'buy and build' strategy for growth. Areas of interest include aerospace, healthcare, transportation, financial services, leisure, education, energy, and manufacturing. In addition to its buyout and growth capital investments, Abraaj also invests in real estate and infrastructure. Abraaj Capital was formed in 2002 and is based in Dubai.

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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.

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