Linzor Capital Partners (“Linzor”) has entered into an agreement with General Electric (“GE”) to acquire its equipment lending and leasing business in Mexico (“the Company”) in a transaction that includes over $1.1 billion in assets. The acquisition is subject to customary regulatory and other approvals and is expected to close at the end of the first quarter of 2016.
The Company is a best-in-class leasing platform in an industry with solid fundamentals and strong growth prospects. Tim Purcell, Managing Partner of Linzor, said “We believe this to be a compelling investment opportunity and look forward to working alongside the management team to create value and continue growing the business.”
Upon closing of the transaction, the Company will be Linzor’s third portfolio investment in Mexico, following the acquisition of stakes in Devlyn Holdings and TIP de Mexico, the latter also acquired from GE. In addition, Linzor currently has investments in the financial, education, industrial, retail, and consumer finance sectors throughout the region.
About Linzor Capital Partners
Linzor Capital Partners is a leading private equity firm investing in mid-sized companies in Latin America. Linzor seeks to create value by implementing strategic initiatives and operational improvements to promote the growth of its companies.
With presence in Chile, Mexico, Colombia, Argentina, Peru and Uruguay, as well as seven partners with a long track record investing in the region, Linzor has the local expertise required to source, execute, monitor and support a diversified portfolio of investments. Since its founding in 2006, Linzor has raised over $1.2 billion of capital commitments across three private equity funds. The most recent fund, LCP III, had its final close in May 2015 with $621.2 million of aggregate capital commitments.