Maxcom Buyer Launches Tag-Along

Maxcom Buyer Launches Tag-Along

Mexico Equity

Mexican private equity firm Ventura Capital Privado has launched a public tender for up to 56% of the shares of Maxcom, according to a prospectus, in a tag-along offer following its agreement to purchase the troubled Mexican telecom in December. The offer opened Monday and expires March 11. It will spend MXP2.90 ($0.23) per share on up to 250m CPO shares, and the equivalent price for each of up to 50m class A shares. It puts the total maximum cost at MXP764m. Banorte-Ixe is managing the process.

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