(Press Release) Nexxus Capital will complete an investment in Fondo de Transporte México, a logistics, cargo, personnel, and student transportation platform. Private equity fund Discovery Americas is currently one of the major shareholders in the company.

Nexxus Capital announces that on October 26th 2016 it will complete an investment in Fondo de Transporte México, S.A.P.I. de C.V. (“FTM”), a platform of leading companies in the logistics, cargo, personnel and student transportation sectors.

This investment will be funded through Nexxus VI L.P., and Nexxus VI Trust (jointly “Nexxus VI”). Private equity fund Discovery Americas is currently one of the major shareholders in the company, therefore, the closing of this transaction will be one of the first investments in Mexico that brings together several private equity funds.

FTM is one of the largest and most recognized transportation platforms in the logistics, cargo, personnel and student transportation sectors that operates under several brands, including Egoba, MyM, and Lipu, among others. The company operates more than 4,800 transportation units in 29 Mexican States.

The transportation and logistics sector shows significant consolidation opportunities, and constitutes the grid for domestic trade as well as trade with North America. According to the Mexican Institute of Geography and Statistics (“INEGI”), in 2015 more than 80% of Mexico’s cargo was transported through highways. Moreover, transport for both students and personnel continues to show significant growth.

FTM will continue to acquire relevant players in the logistics, cargo, personnel, and student transportation sectors which present attractive consolidating opportunities. By consolidating efficient and profitable companies into the platform, FTM will continue to strengthen as a highly competitive company with the vision to become the largest and most efficient integrator within the industry.