The Next Frontier
Mexico's nascent private equity industry is picking up as investors identify promising opportunities. All they need now is to find an exit.
Last October, Cabos Marinos, a small specialty rope
manufacturer based in the Yucatán city of Mérida,
bought a troubled competitor in the United States six times its
size. Although Cabos had annual revenues of just $10 million,
it pulled off this deal thanks to backing from private equity
investors who want Cabos to weave distribution and branding
capabilities from the US into a regional strategy.
Grupo Mágico, a Mexican amusement park operator, has
a similar story to tell. It is building a $39 million
entertainment venue at Sawgrass Mills Mall in south Florida
where children can work and shop in a fantasy city. Financed by
the private equity group ZN Mexico Funds, Grupo Mágico
plans to build more such venues throughout the US, modeled on
its successful Ciudad de los Niños projects in
Investors think there is...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.