WASHINGTON and MEXICO CITY, September 26, 2022 /PRNewswire/ — ACON Investments, LLC (“ACON”) announced today that its subsidiary, ACON Latin America Opportunities Fund V, LP (“ALAOF V”) and its co-investors have completed an investment in Corporación Actinver, SAB de CV (BMV:ACTINVR B; “Actinver” or the “Company”). Activate is one of from Mexico leading investment services companies providing wealth management services to individuals as well as corporate and investment banking services to large and medium-sized businesses across the country. ALAOF V is ACON’s fifth capital pool dedicated to making private equity investments in Latin America.
Founded in 1994, Actinver is headquartered in Mexico City and serves over 270,000 individual clients across all wealth segments through a combination of digital channels and a national network of 48 offices and over 500 professional financial advisers. From June 30, 2022the Company has assets under management of approximately 9 billion US dollars and assets under custody of approximately 25 billion US dollars, making them the 5th and 6th largest mutual fund operators and brokers in the country, respectively. For the last twelve months ended June 30, 2022the company had a net income of 730 million pesos, with more than 80% of its operating income coming from its wealth management and brokerage businesses.
Through its investment, ACON will acquire up to 15% of Actinver’s equity and support Actinver’s experienced and diverse management team, led by its CEO and President, Mr. Hector Madero Rivero. Proceeds from the investment will be used to further strengthen the Company’s balance sheet and to fund the Company’s business plan, in particular the accelerated growth of its digital products and services.
Hector Madero said: “Our Board of Directors and our management team welcome ACON as new investors in Actinver at this important stage in the development of our group. We believe ACON’s global platform and experience in financial services makes it an ideal partner for Actinver. working together as we continue to reshape the investment services and business advisory industry by Mexico.”
“In nearly three decades, Actinver has established itself as one of the leading wealth management and investment services companies in Mexico. This investment will help further strengthen that position,” said Jorge Dickens, managing partner of ACON. “Going forward, we believe Actinver’s ability to combine technology with personalized service to promote the democratization of smart investment advice, not just access, will be critical in helping to build a base of stronger and more sustainable individual investors in Mexico. We are delighted to support Actinver and its dynamic team during this exciting time,” added Mr. Dickens.
“Beyond unlocking the potential of the individual investor in MexicoActinver plays a fundamental role in providing institutional and corporate clients with high quality advice and access to a wide range of financial products in public and private markets,” said Mauricio Cortés, partner at ACON based in Mexico City. “We see great opportunity in supporting Actinver to further expand its customer base and service offering in the years to come,” added Mr. Cortés.
About ACON Investments
ACON Investments, LLC is a washington d.c.international private equity investment firm that manages private equity funds and special purpose partnerships that invest in United States, Latin America and Europe. With professionals from washington d.c., dallas, Los Angeles, New YorkBogotá, Madrid, Mexico City and São Paulo, ACON succeeded $6.9 billion of assets since its inception and has a history of 26 years.
ACON US is one of the most organically diverse private equity firms with 70% of senior executives (former founders) and 67% of all employees comprised of women and/or people from diverse backgrounds. ACON is a value investor with deep expertise in a variety of sectors and with a track record of success in situations involving first institutional capital for family businesses, brand repositioning, industry consolidation and recapitalizations and corporate carveouts. Additionally, ACON is focused on a new paradigm of strategic sustainability across its portfolio with a commitment to achieving sustainable results while driving financial returns and profitability.
For more information, please visit www.aconinvestments.com
ACON Investments, LLC
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