Nexxus Capital´s portfolio company Price Res, S.A.P.I de C.V., announces the acquisition of Los Tiquetes Más Baratos
Mexico City, Mexico, June 3, 2015. - Nexxus Capital today announced that through Price Res, S.A.P.I. de C.V. (“Price Travel”), a portfolio company of Nexxus IV Trust (“Nexxus IV”) and Nexxus Capital Private Equity Fund V, L.P. (“Nexxus V”), has acquired www.lostiquetesmasbaratos.com (“LTMB”), an international retailer of tourism services, based in Colombia.
LTMB operates mainly in Colombia, the United States and Mexico, and has a recognized brand with potential for expansion throughout Latin America. The business model of LTMB is executed by a management team with extensive operational and local market knowledge in the travel industry, and is complementary to Price Travel’s, thus benefiting from corporate and operational synergies.
About Nexxus Capital
Nexxus Capital is the largest independent private equity firm in Mexico and has one of the longest and most successful track records in private equity in Latin America focused on enhancing the value of its portfolio companies. Nexxus Capital has raised and managed five funds with aggregate capital commitments of over US$1.2 billion and is the only Mexican private equity manager that has listed five portfolio companies in the public markets.
Nexxus IV and Nexxus V have invested in five portfolio companies: Price Travel, Taco Holding, Moda Holding, Modatelas and Maak Arca Holding. Nexxus Capital has over US$500 million available through its fund Nexxus Capital VI, and is currently analyzing investment opportunities in mid-sized Mexican companies with high-growth potential whose value can be enhanced through improved management and operations, value-added acquisitions and application of world class business models. Nexxus VI’s preferred sectors are specialty retail, financial services, consumer products, business services, logistics, distribution and warehousing, health and education.