Nexxus Capital-backed Grupo Hotelero Santa Fe Lists on the Mexican Stock Exchange (Latin America)
Source: Nexxus Capital
Grupo Hotelero Santa Fe-a platform created by Mexico-focused private equity firm Nexxus Capital, industrial conglomerate Grupo Chartwell and private equity real estate firm Walton Street Capital to operate and acquire hotels in Mexico-placed its shares on the Mexican Stock Exchange on 12 September at a price of MXN10 (approximately US$0.76) per share. The aggregate value of the offering, which consisted entirely of newly issued shares, was MXN750 million (approximately US$56.8 million). Nexxus Capital Private Equity Fund III held a 34.5 percent stake after the offering. Nexxus Capital originally partnered with Grupo Chartwell and Walton Street Capital to form Santa Fe in 2010.