WAMEX announces the sixth and last investment of its Mexico PE Fund MIF II, with DEG as co-investor

Published: 28/November/2013

November 11, 2013. – Mexico City based WAMEX Private Equity announced the sixth and final investment of its second growth equity fund – MIF II – in Bodesa. S.A.P.I. de C.V (Bodesa) in the amount of US$ 32 million, jointly with DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH, a German development bank and member of the KfW Group.

Bodesa is a leading retailer in Mexico’s Pacific region, offering consumer and household products supported by quality service and consumer credit that seek to improve its customers’ quality of life.

WAMEX was the first manager to rise institutional funding from Mexican pension funds via a publicly listed CKD vehicle, and also raised additional commitments for MIF II through a parallel partnership.

WAMEX has completely invested MIF II commitments in six Mexican companies: Hoteles CityExpress (budget business hotels), HDS (healthcare IT), Water Capital (sustainable solutions and financing), MEDIX (obesity and overweight pharmaceuticals), KUA Mex Foods (food and beverages platform), and now Bodesa (Retail).