Mexico City, Mexico | March 31, 2016
Linzor Capital Partners (“Linzor”) has completed the acquisition of the equipment lending and leasing business of General Electric in Mexico (“the Company”) in a transaction that includes over $1.1 billion in assets. The Company is a leading provider of lease financing solutions and asset-backed loans to fund the purchase of.
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.
Linzor Capital Partners (www.linzorcapital.com) has bought a majority stake in Onest Colombia, partnering with the Company’s management team. Onest Colombia is a leading specialty credit company focused on payroll loans to public sector employees and financing of public vehicles. Linzor’s resources were used to buy a secondary stake in the business and strengthen the capital base.
Linzor Capital Partners (“Linzor”) is pleased to announce the final closing of its third fund, Linzor Capital Partners III, L.P. (“LCP III” or the “Fund”), held on May 14th with $621 million in aggregate capital commitments.
Continuing the successful investment strategy of its predecessor funds, LCP III will focus on middle market opportunities in Latin America.