Nexxus Capital has fully divested from Moda Holding, an apparel retail company located in Mexico, after reaching an agreement for Acritus to acquire the company for an undisclosed amount.
(Press Release) Nexxus Capital announces that on November 8, 2017, it fully divested from Moda Holding, after reaching the agreement to divest back in June 9, 2017. Moda Holding is a holding company with the primary purpose of acting as a diversified platform of leading brands in the apparel retail industry in Mexico, such as Dorothy Gaynor (dress and casual footwear) and Zingara (swimwear & beachwear). Nexxus Capital first invested in Moda Holding in August 29, 2011.
The divestment has been made through Nexxus IV&V, as Moda Holding has been acquired by Acritus, a
company with more than 30 years of experience in the Mexican market dedicated to commercialize fashion
footwear under the brand Capa de Ozono and through 230 retail stores and more than 250 wholesale clients.
Since Nexxus Capital’s investment, the company has had significant commercial growth, increasing its points of sale from 88 to 178, due to the incorporation of Zingara and the organic growth of both brands, driven by solid operating performance.
We sincerely thank our former partners, business partners, management and operation team, and all those
involved in the conclusion of a successful investment cycle.