Mexico City, January 7, 2016 – Mexico Development Partners 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.
The Company has operations throughout the north-eastern part of the metropolitan area in Mexico City and the State of Mexico. Cesar’s Pizza offers a wide variety of products, ranging from pizzas, chicken wings, cheese breads, sauces and dips with very affordable prices. The business focuses in offering quality products for the base of the pyramid.
“We believe that there is an important demand for quality services in the C and D+ neighborhoods of Mexico City that currently is not being served, and by investing in Cesar’s Pizza we can fulfill part of that demand. Additionally, we know of the impact that this investment will have on the communities where it operates, offering great food and a viable source of employment”, said Gabriel Araujo, Partner, of Mexico Development Partners.
“We are very excited with the investment of Mexico Development Partners in the Company, with their help we are sure that we will scale the Company to the next level and achieve our goals.” said Adolfo Hegewisch, CEO of Cesar’s Pizza.
About Mexico Development Partners
Mexico Development Partners is a middle market growth equity investment firm based in Mexico City. The firm is actively investing its Mexico Development I fund, which has a special preference for investments in the sustainability, financial services and education industries. The firm is a member of AMEXCAP, Mexico’s Mexican Private Equity Association and Endeavor’s Global Investor Network.