Apex Capital, the private equity arm of Grupo Mariposa-Apex, has successfully reached a first closing of its buyout fund Apex Capital Core Fund I, targeted at US$300 million. The fund is focused on the consumer industry in Latin America and the US Hispanic market.
Grupo Mariposa-Apex is a food & beverage conglomerate that owns and operates several Pepsi bottlers in Latin America and food and beverage companies in Latin America and the US. The group has a 135-year history with revenue of US$2.5bn.