Advent International to Acquire a Stake in Grupo Financiero Mifel (Latin America)

Source: Advent International

Global private equity firm Advent International has agreed to invest MXN800 million (approximately US$51 million) for a minority stake in Mexico-based retail banking company Grupo Financiero Mifel. Mifel will use the capital injection to strengthen its capital structure and support its goal of achieving continued growth in Mexico. The transaction is pending regulatory approval and is expected to be completed in the first half of 2015.