(Nexxus Capital) July 27, 2012 – Nexxus Capital, through its funds IV and V, announced today an additional investment in Moda Holding, S.A.P.I. de C.V. in order to acquire Zingara. In this second phase, Moda Holding concluded the acquisition of Zingara, a leading and trend-setting brand in swimwear, beachwear and accessory products targeted to the female market for the upper-middle and upper class. Zingara has achieved rapid growth by establishing itself as a top-of-mind product through a network of own-stores and franchises across the Americas.
Previously, on August, 2011, Nexxus Capital, through Moda Holding, acquired Dorothy Gaynor a Mexican shoe retailer with 94 stores within the main shopping malls in Mexico and owner of the brands Dorothy Gaynor and NPI (No Pienses Igual).
Considering both concepts, Moda Holding has more than 130 units and will continue with the expansion of each concept. In addition, the Company is actively analyzing other fashion retail concepts that can be added to the platform.
Moda Holding is the second of three investments that Nexxus, through its funds IV and V has made so far. The other 2 portfolio companies are Taco Holding, a consolidating platform in the quick service / fast food industry in Mexico with over 300 sites between its 6 concepts: Arrachera House, Sixties Burgers, Café Diletto, Neve Gelato and the master franchise for Mexico for Sbarro and Krispy Kreme and Price Travel an integrated platform of tourism services that sells hotel, airline tickets, ground transportation, tours and vacation packages through an Online Web Page (www.pricetravel.com), a contact center, Price Travel Shops and Affiliate Online Web Pages
Nexxus Capital was founded in 1995 and is based in Mexico City. Nexxus is the largest Mexican private equity fund manager in the country. Nexxus has delivered above the region average, unleveraged investment returns to investors, achieving an outstanding performance throughout its history and track record. Among its key investments are Desarrolladora Homex, Genomma Lab Internacional, and Grupo Sports World. www.nexxuscapital.com