(Press Release) Linzor Capital Partners Linzor has entered into an agreement with General Electric (“GE”) to acquire its equipment lending and leasing business in Mexico in a transaction that includes over US$1.1b in assets. The acquisition is subject to customary regulatory and other approvals and is expected to close at the end of the first quarter of 2016.
The Company is a best-in-class leasing platform in an industry with solid fundamentals and strong growth prospects. Tim Purcell, Managing Partner of Linzor, said “We believe this to be a compelling investment opportunity and look forward to working alongside the management team to create value and continue growing the business.”
Upon closing of the transaction, the Company will be Linzor’s third portfolio investment in Mexico, following the acquisition of stakes in Devlyn Holdings and TIP de Mexico, the latter also acquired from GE. In addition, Linzor currently has investments in the financial, education, industrial, retail, and consumer finance sectors throughout the region.