Northgate Capital Leads MXN$530m Investment in Extended Suites

Tags: , , , ,

(Press Release) Northgate Capital along with Alta Growth Capital as co-investor, has led a MXN$530 million investment in Grupo Estancias Extendidas, S.A. de C.V. (“Extended Suites”). Extended Suites is the first hotel chain in Mexico exclusively focused on servicing the low-cost extended stay market segment. Extended Suites will use the investment to boost its expansion plan of over 40 new properties in the coming five years, beginning with the opening of at least eight new extended stay hotels during the next 12 months. Read more

KKR & Mexico’s Pemex Set to Work on US$1.2b Sale Agreement

Tags: , , , , ,

(Reuters) KKR and Mexico’s Pemex are reportedly working on a US$1.2b sale and leaseback agreement. Pemex would sell some of its infrastructure assets to the fund, but will continue to operate and maintain them for 15 years and pay rent to KKR. Pemex plans to repurchase the assets after the lease ends. Read more

Nexxus Capital Announces Follow-On IPO of Grupo Hotelero Santa Fe

Tags: , , , , ,

(Press Release) Grupo Hotelero, created in 2010 as an integrating platform in the Mexican hotel industry and a portfolio company of Nexxus Capital Private Equity Fund, performed today a second Public Offering as a Follow-On to the Initial Public Offering that took place on September of 2014. Read more

Angel Ventures Prepares US$100m VC Fund (en español)

Tags: , , , , , , ,

(El Financiero) Angel Ventures Mexico announced it will close a new US$100m VC Fund by the end of the year. Among its most successful investments is a recent series A in Mexican startup Kueski. Read more

Aplazame Closes Seed Round with ALLVP

Tags: , , , , , , ,

(Press Release) ALLVP, one of Latam’s most active VC funds in Fintech in Latam, announced a seed investment in Aplazame, the Spain-based online check-out lending platform for e-commerce merchants, to finance the launching of its operations in Mexico. Read more

Nexxus Capital Invests in Fondo de Transporte

Tags: , , , , ,

((Press Release) Nexxus Capital announced it reached an agreement to invest in Fondo de Transporte México, a holding company of leading subsidiaries in the logistics, cargo, personnel and student transportation sectors. Read more

Ideas & Capital Invest US$600k in Farrow Ventures (en español)

Tags: , , , , , , ,

(Amexcap) VC firm Ideas & Capital has announced a seed investment in Farrow Ventures, a Mexican mobile connectivity startup. Read more

Online Mexican Lending Platform Konfio Raises US$8m in New VC Funding

Tags: , , , , , , , , , , ,

(PEHub) Konfio, an online Mexican lending platform, has raised $8 million in new VC funding. Accion Frontier Inclusion Fund led the round, and was joined by Quona Capital, QED Investors, Kaszek Ventures, and Jaguar Ventures. Read more

Northgate Capital to Invest MXN$500m in Mexican Hotel Chain

Tags: , , ,

(BMV) Northgate Capital and an undisclosed co-investor will invest MXN$500m in Grupo Estancias Exentidas, the first Mexican long stay hotel chain offering affordable prices. This transaction is expected to close in the upcoming weeks. Read more

Capital Invent & ON Ventures Invest US$800k in TiZKKA (en español)

Tags: , , , , , , ,

(Dinero en Imagen) Capital Invent, ON Ventures, and a group of Mexican angel investors have invested $800K in Mexican social network TiZKKA. Read more