Alta Growth Capital and The Abraaj Group Invest US$100 Million in Docuformas (Latin America)
Source(s): LexLatin | Author(s): Erika Hidalgo
Private equity fund managers Alta Growth Capital (AGC) and The Abraaj Group have invested US$100 million for a majority stake in Docuformas, a Mexico-based company that distributes and finances office equipment. Funds managed by AGC and Abraaj purchased a 51.31 percent stake from Docuformas chairman Adam Peter Jan Wiaktor Rynkiewicz, the Abraaj-managed Aureos Latin America Fund I and Fiduciaria Colombiana de Comercio Exterior, a subsidiary of state-owned Banco de Comercio Exterior de Colombia. The investment also includes a primary equity infusion of US$15 million. The deal is subject to approvals from the company’s creditors, the Mexican Federal Commission of Economic Competition and other stakeholders.