Established in 1980, General Atlantic combines a collaborative global approach, sector specific expertise, a long-term investment horizon and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to build exceptional businesses worldwide.
In addition, the firm has significant experience partnering with leading consumer brands such as Airbnb, House of of global brands in the quick service, coffee shop, casual and family dining segments.
The Company owns the exclusive rights to commercialize more than 20 leading international brands in with 140 stores.
"Partnering with the General Atlantic team and delaying our previously planned initial public offering is undoubtedly the right strategic decision for our business at this time," said Andres Gómez Co CEO of Grupo Axo.
"We are thrilled to welcome General Atlantic as our new investment partner as we move into this next phase of the Company's growth.
, CEO of General Atlantic said, "We remain positive on the Mexican economy and the opportunity for attractive grow equity investments.
In conjunction with General Atlantic's investment, , with current regional investments in Clip, Despagar.com, Ourofino, Pague Menos, SAS, Sanfer, and XP Investimentos. With a solid retail and wholesale experience for over 23 years, its expertise comes from representing, elevating equity, distributing and operating brands through a multi-channel approach.
As of 2017, Grupo Axo operates more than 3,100 points of sale within major department stores and over 500 retail points of sale in both , and solid and successful e-commerce platforms in both mono-brand and multi-brand formats.
Shops, art galleries, cafes and Puerto Vallarta's famed nightlife are just a short ride away.
All of this, at the best quality, at one All-Inclusive price.
The transaction is subject to customary closing conditions and authorization by the Mexican Antitrust Commission.