Nexxus Capital Announces the Initial Public Offering of Crédito Real (Latin America)
Source: Nexxus Capital
Mexican consumer lending company Crédito Real, a portfolio company of Nexxus Capital, a Mexican private equity firm, held an initial public offering on the Mexican Stock Exchange on 17 October 2012. The offering, priced at MXN22 per share (US$1.72) raised MXN2.2 billion (US$173.6 million), not including overallotment options granted to the company’s underwriters. Nexxus Capital Private Equity Fund III, through which Nexxus had originally invested in 2007, sold 18.5 million shares during the IPO and retains a 9.72 percent stake in Crédito Real.