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New Deal


Announced

Nexxus to invest in Grupo Turistore.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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liquor

Food Retailers and Wholesalers

Friendly

handcrafts

clothing

groceries

pharmacy

Private

Minority

Acquisition

Private Equity

Mexico

Synopsis

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Nexxus reached an agreement to invest in Grupo Turistore, a retail company focused on international tourism with more than 30 years of experience in the industry. It has 56 stores in Mexico’s main beach destinations and a broad product offering, being its main selling categories handcrafts, clothing, pharmacy, liquor, and groceries. Financial terms were not disclosed. Alta Growth Capital, a Mexican private equity fund with more than 10 years of experience in the industry will co-invest in the transaction. Nexxus and Alta Growth will support the company to boost its organic growth taking advantage of the extensive development paths among the company’s core business.

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