Industry News
Alta Growth Capital Invests in Mexican Solutions Provider ARG
18 June 2010
(Alta Growth Capital) June 18, 2010 – Alta Growth Capital, Mexico Fund has acquired a minority stake in Analistas de Recursos Globales, S.A.P.I. de C.V. (ARG). ARG initiated operations in 2001, and is based in Mexico City. Its main activity is non-regulated operating leases of transportation equipment. It also provides fleet management services and other solutions to Mexican companies.
In 2008, Aureos Latin America Fund provided ARG with capital which was used to grow its portfolio and make some strategic acquisitions. Alta Growth Capital is now partnering with Aureos and the ARG management team to continue the group’s successful expansion of its business lines.
Juan Garibay, founder and CEO of ARG, indicated, “Alta’s investment positions ARG as one of the best-capitalized operating leasing companies in Mexico. ARG is now prepared to rapidly grow its existing portfolio by offering innovative, cost-efficient solutions to Mexican businesses.” Erik Carlberg, a Managing Director with Alta Growth Capital, adds, “We view this as an opportunity to invest in an underserved market with a proven management team and solid partners.”
About ARG
ARG is a leading provider of financing and value-added services to Mexican middle-market companies in need of obtaining and managing vehicles and other transportation equipment. ARG’s innovative services eliminate the headache of fleet acquisition and management and allow companies to focus on their core business.
About Alta Growth Capital
Alta Growth Capital, Mexico Fund invests in growing, profitable, medium-sized businesses in Mexico. Alta Growth Capital identifies companies in Mexico with high growth potential and then applies its transactional and operational experience to achieve positive outcomes.
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