Beamonte Investments Raises $10 Million for Latin America Investment Fund
Beamonte Investments, the leading Investment firm of Boston, announced today that it has raised $10 million for its first fund dedicated to investments in Mexico
Online, February 14, 2012 (Newswire.com) - Beamonte Investments, the leading Investment firm of Boston, announced today that it has raised $10 million for its first fund dedicated to investments in Mexico; Beamonte Capital Partners (BCP) will be headquartered in Boston headed by Raul Galvez who also serves as Senior Vice President of Mexico.
Beamonte Capital Partners team will make buyout and growth capital investments in private companies, focusing on transactions where Beamonte has distinctive competitive advantage and can create tangible value for the companies invested into. It would aim to contribute specialized knowledge of industries, to add expertise and give access to a global network. Initial target industries include consumer goods, financial services, healthcare, and pharmaceuticals.
BCP was created with the purpose of identifying and optimizing investment opportunities for private equity in Mexico. The fund role is to support executives in developing long term growth strategies and building execution capabilities. "Broad economic trends, including the rising middle class, make Latin America in general and Mexico in particular a desirable investment destination" Raul Galvez head of Beamonte Capital Partners.
Mexico presents an attractive opportunity because it is still relatively developing, especially compared to Brazil, and there are fewer firms competing for deals. Prices in Mexico, again compared to Brazil, are relatively low, he said.
Luis F. Trevino,Beamonte Investments Managing Director, said, "As we've seen in markets around the globe, Mexico presents an excellent opportunity to combine private equity investments with quality local businesses to create first class global competitors, we leverage our value investing expertise, technology, flexibility and an elite network to generate superior risk-adjusted returns for our investors. Our team is focused on these opportunities and will continue to develop a solid portfolio for Beamonte Capital Partners."
With a robust pipeline of deals in the region, BCP has already made its first investment: the acquisition of CITEC ING that offers an inclusive set of pharmaceutical services in Mexico.
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