Nexxus to invest in Grupo Turistore.

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.