The rise of bad loans due to COVID-19 could result in the consolidation of Mexico’s financial sector, according to industry executives and a PE managing partner.
The COVID-19 pandemic accelerated ongoing demographic trends in the Mexican home gardening sector, as more Mexican households sought sustainable sources of vegetables and fruits and explored new low-contact hobbies during confinement.
PC Capital announced its most recent investment in the Mexican company Medios Cattri, S.A. de C.V. (“Cattri”), one of the leaders in digital advertising in Mexico, who in turn acquired a majority stake in AdSpace Networks, Inc. (“Lightbox”), the leading digital advertising company in shopping malls in the United States. The transaction was also financed with the support of Altum Capital, a private credit fund based in Mexico City.
Te Creemos Holding and Banco Forjadores announced to have reached an agreement for the sale of the Bank. This announcement begins a process whose successful completion is subject to the approval of the National Banking and Securities Commission (CNBV), Banco the Mexico and the local regulator (COFECE).
Through PC Capital’s portfolio companies, we have proved that outstanding results can be achieved through an investment approach oriented to financial results that also have social and environmental impact in between the scope. A clear example of this investment thesis has been our participation in Te Creemos, a Mexican company focused on the microcredit financial sector.
For further details, page 23 of the AMEXCAP paper.
In the two years since the publication of the previous edition, much has changed, both in impact investing globally and in private equity and venture capital in the Latin American region. Recent research suggests that the global market for impact investing has continued to expand and mature, with increases in the value of assets under management, the number of transactions, and the total amount invested each year.
Te Creemos Holding, controller of Te Creemos and CAME, announced the purchase of the portfolio of the multiple-purpose financial company (SOFOM) Finsol, specialized in granting group credit .
Financiera Finsol S.A. de C.V., SOFOM., E.N.R is a microfinance company with a loan portfolio of more than $ 587 million pesos and 123 branches in Mexico
SOLFI, S.A. de C.V. SOFOM ENR is a microfinance competitor with a loan portfolio of more than $ 98.5 million pesos with 24 branches in Mexico
September 24,2020:Impact and sustainability.The best return on investment http://www.pc-capital.com/english/wp-content/uploads/2020/09/Impacto-y-Sostenibilidad.-El-mejor-retorno-a-la-inversión.pdf
Julyi 30, 2020: As economic recovery remains stagnated and many businesses cannot find a way to resume operations, illiquidity has become a bigger issue. Pablo Coballasi and Pablo Cervantes, partners of PC Capital, shared their thoughts about alternatives that exist beyond commercial banking and debt financing, to consider private vehicles as an intelligent way of finding that “lack” of liquidity.
July 29,2020: Transactional Impact Monitor combines local knowledge and market visibility from top dealmakers. It was developed to bring clarity to the transactional market by addressing extraordinary situations affecting the macroeconomic stability and M&A outlook with leading dealmakers in core regions covered by TTR.
September 21,2019: Following the success of its Mexico Development I fund, PC Capital, a Mexican private equity firm specializing in growth equity investments in Latin America, announced today the initial close of its private equity fund PC Capital Development Fund II, L.P.
Pablo Coballasi ha trabajado como inversionista de private equity, banquero de inversiones y consultor en Estados Unidos y América Latina. Cofundó y ayudó a construir PC Capital en México.
PC Capital Management, SC realizó una inversión adicional en Te Creemos Holding SAPI de CV (“Te Creemos Holding”)
20 de diciembre de 2018 – Citibanamex informó que con el apoyo de Citi Inclusive Finance, celebró un acuerdo de financiamiento por dos años y 15 millones de dólares con la sociedad financiera popular (sofipo) Consejo de Asistencia al Microemprendedor (CAME).
Mexico City, Mexico, June 19th, 2018 – PC Capital Management, a specialized Mexican growth equity impact investment firm, is glad to announce that on June 8th, 2018 we completed the divestment of Grupo Filoa S.A (“Grupo Filoa” or the “Company”) achieving an IRR of 80% in two years.
PC Capital Management, a specialized Mexican growth equity impact investment firm, announced today that it has completed an investment in Distribuidora Rancho Los Molinos S.A. de C.V. (“Rancho Los Molinos” or the “Company”)
University of California, Berkeley, October 8th, 2017 – Today, MEXICO DEVELOPMENT I, managed by PC CAPITAL Management a private equity fund, was named Best for the World Fund by B the Change Media, for setting the measurement bar in impact investing
Mexico, DF, November 15, 2016 – Te Creemos Holding, S.A.P.I. de C.V. (“Te Creemos”), a PC Capital portfolio company and the parent company of Te Creemos, S.A. de C.V. Sociedad Financiera Popular, has announced the acquisition of 100% of the shares of Financiera FINCA, S.A.P.I. de C.V., SOFOM, ENR (“FINCA Mexico”).
México, D.F., a 10 de junio de 2016.– Te Creemos, S.A. de C.V., S.F.P., realizó su primera bursatilización de cartera en la Bolsa Mexicana de Valores. Te Creemos opera desde 2005, proporcionando servicios financieros integrales en el sector popular, contribuyendo a la sustentabilidad de sus clientes y sus comunidades
Mexico City, June 7, 2016 – PC Capital announced that it completed an investment in Grupo Filoa S.A.P.I. (“Grupo Filoa” or the “Company”) in exchange for 30.0% of the Company’s shares.
15 de marzo de 2016 – Guadalajara, March, 2016 – PC Capital announced that it has formed a Strategic Alliance with UI Universidad Internacional de Estudios Superiores A.C. (“Universidad Internacional” or the “Company”) to improve quality of its facilities and curriculum, strengthen its ties with the business community, and expand its network of campuses.
Mexico City, January 7, 2016 – PC Capital announced today that it has completed an investment in Cesar’s Pizza S.A. de C.V. (“Cesar Pizza” or the “Company”) in exchange for 49.0% of the Company’s shares. Cesar Pizza is a Mexican company involved in franchising the largest international carry-out pizza chain in the world, Little Caesars, headquartered in Detroit, Michigan.
Mexico City, December 23, 2015 – PC Capital announced today that it has completed an investment in Te Creemos Holding, S.A.P.I., the parent company of Te Creemos, S.A. de C.V. Sociedad Financiera Popular (“Te Creemos” or the “Company”).