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Nexxus Capital Announces Follow-On IPO of Grupo Hotelero Santa Fe

16 June 2016

(Press Release) Grupo Hotelero, created in 2010 as an integrating platform in the Mexican hotel industry and a portfolio company of Nexxus Capital Private Equity Fund, performed today a second Public Offering as a Follow-On to the Initial Public Offering that took place on September of 2014.

The offering mechanism was through a modified Dutch auction and the company raised MXN$1.832.8m.
This new listing will allow the Company to continue with its expansion plans, boost stock liquidity, increase market capitalization, and will benefit investors.

The Follow-On Public Offering was performed simultaneously in Mexico through the Mexican Stock Exchange and Chile and Perú under the regulatory terms of the Mercado Integrado Latinoamericano (MILA).

The IPO took place in September 2014 and the total amount raised through the initial public offering was MXN 750 million and those proceeds have been deployed consistently and successfully with the company’s expansion plan since.

With the proceeds obtained through the Follow-On Public Offering, the Company will continue with its growth strategy, which is focused on increasing the presence of the Krystal brand, capitalizing growth opportunities through the acquisition, user conversion and development of properties as well as increasing the number of operating contracts with third party owned hotels; all this under a focus of value creation through operative efficiency, profitability and service.

As of the date of this release, the company’s portfolio includes 16 hotels of which 9 are own hotels and 7 are owned by third parties for a total of 4,265 current rooms; more than double the amount of rooms the Company had at the date of Nexxus Capital’s investment and making the Company one of the leading hotel chains in the country.

The Company’s hotel platform includes the market leading brand Krystal consisting of four hotel sub-brands: Krystal Grand, Krystal Resorts, Krystal Beach, and Krystal Urban as well as Hilton with its sub-brands.

The lead underwriters of the offering were GBM Grupo Bursátil Mexicano, S.A. de C.V., Casa de Bolsa and Casa de Bolsa BBVA Bancomer, S.A. de C.V., Grupo Financiero BBVA Bancomer. GBM Grupo Bursátil Mexicano, Casa de Bolsa also acted as global coordinator.