This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Evercore Mexico Capital Partners Raises $201 Million Fund

Stocks in this article: EVR

Evercore Mexico Capital Partners (“EMCP”), a leading private equity investor in Mexico and the Mexican private equity business of investment banking firm Evercore Partners, today announced that it has completed fundraising for Evercore Mexico Capital Partners III (“EMCP III”), raising $201 million, its largest fund ever. EMCP III, which was oversubscribed, will continue to employ EMCP’s proven and successful strategy, focusing on making minority investments in high-growth, family-owned and privately-held Mexican companies and working with these companies’ management teams to generate additional value.

“We are very grateful for the strong support we received from our investors in our new fund,” said Pedro Aspe, Co-Chairman of Evercore Partners and EMCP Investment Committee Member. “The interest in EMCP III and the amount we were able to raise are a tribute to our consistent strategy and the hard work of our talented investment professionals. We have built a truly differentiated platform that combines deep local knowledge with proprietary, high-quality deal sourcing and direct access to key strategic and financial parties.”

EMCP III plans to invest $15 million - $30 million per investment opportunity. The fund includes a wide variety of institutional investors and family offices. Approximately 40% of EMCP III is composed of limited partners that invested in Evercore Mexico Capital Partners II.

“EMCP III aims to capitalize on a highly attractive and stable Mexican macroeconomic environment,” said Alfredo Castellanos, EMCP Managing Director and EMCP Investment Committee Member. “The growing demand for products and services of a rapidly growing middle class coupled with Mexican companies in the process of modernization should present attractive investment opportunities. We are focused on family-owned and privately-held growth-oriented companies that seek partners with local knowledge and global vision, and that share our business values and principles.”

Representative companies in EMCP’s existing portfolio include Volaris, More Pharma and Grupo Axo. EMCP III has already made three investments: Intellego, Diavaz DEP and Grupo Casanueva Pérez.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,814.94 -2.96 -0.02%
S&P 500 2,067.03 -2.38 -0.12%
NASDAQ 4,758.2520 +3.36 0.07%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs