Mexican private equity firm Nexxus Capital has announced a partial exit from Maak Arca Holding, S.A.P.I. de C.V. (“MAAK”), a consolidating platform for the acquisition and operation of businesses within the construction and decoration industries in Mexico.

(Press Release) Nexxus announces that on February 14th, 2018 it reached an agreement to partially divest from Maak Arca Holding, S.A.P.I. de C.V. (“MAAK”), a consolidating platform for the acquisition and operation of businesses within the construction and decoration industries in Mexico.

The partial divestment will be made through the spin-off and sale of MAAK’s subsidiaries, Mármoles Arca, S.A. de C.V. and Madarca S.A. de C.V. (jointly “MARMOLES”), companies specialized in the distribution and sale of natural stones and wood, respectively. We estimate the transaction to be completed in the next weeks.

After MARMOLES’ divestment, Nexxus (through Nexxus Capital Private Equity Fund V, LP and Fideicomiso Nexxus IV (jointly “Nexxus IV&V”)), will remain invested in a newly created holding company, Vidrios y Fachadas Holding S.A.P.I. de C.V., which consolidates Vitrocanceles S.A.P.I. de C.V. y Vitrogenera S.A.P.I. de C.V., leading companies specialized in the production, distribution and installation of glass for facades and architectural developments as well as aluminum window frames. Nexxus will continue executing the Value Creation Plan to continue fulfilling the investment objectives.