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EMX Capital raises U.S. $192.3 million for Buyouts and Growth Capital in Mexico

10 April 2013

For Spanish press release click here

(Press Release) (Mexico City, April 10, 2013) EMX Capital is pleased to announce the closing of EMX Capital Partners LP with total capital commitments of U.S.$68.2 million from local and international investors. EMX Capital Partners LP will invest alongside EMX’s Mexican side-by-side vehicle, which has funding of Ps.1,544 million pesos from Mexican pension funds (approximately U.S.$124.1 million). Therefore, the combined vehicles (“EMX Capital Partners I”) have obtained U.S. $192.3 million of capital.

EMX Capital Partners I will invest in buyout and growth equity opportunities across industry sectors. It seeks to invest in mid-size Mexican companies through equity or equity-linked securities. EMX Capital Partners I targets control investments in companies requiring equity capital of U.S.$15 million to U.S.$65 million per transaction and plans to invest over a five-year period.

The four founders of EMX Capital and senior members of the investment team, Joaquin Avila, Rodrigo Fonseca, Miguel Valenzuela and Andres Obregon, have been working and investing together for the past seven years, initially as the investment team for Carlyle Mexico. EMX Capital seeks to obtain capital appreciation by partnering with management teams and by applying the same successful investment strategy and disciplined investment process implemented in past transactions.

EMX Capital Partners I has made two investments to-date. First, it invested in ILSP, a leading security and logistics service provider, and then in AG Convertidora, a producer of quality flexible packaging.

The EMX partners stated, “We are extremely pleased by investor’s interest in EMX Capital, particularly considering an often volatile fundraising environment. We see highly attractive investment opportunities in Mexico and have a strong and focused team to successfully pursue them. The fund is off to a solid start, with two investments in thriving mid-sized companies. Each of these initial investments leverages our local network and private equity experience.”