Twitter LinkedIn
    Wednesday, May 25
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Deals & Transactions»BlackRock makes equity investment in Grupo Axo
    Deals & Transactions

    BlackRock makes equity investment in Grupo Axo

    May 22, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Grupo Axo, a leading Latin American multi-brand retail platform and partner to global fashion brands, has secured an equity investment from funds and accounts managed by BlackRock.

    Grupo Axo’s investments in its digital channels meaningfully accelerated the growth of the business over the past year despite a downturn in the broader retail sector as a result of the Covid-19 pandemic. The company’s digital channel grew 8.5x in 2020, with digital sales representing 31 per cent of Grupo Axo’s consolidated sales in 1Q21. Grupo Axo’s momentum is also supported by recent key strategic acquisitions, including Tennix SA de CV, which operates TAF stores in Mexico, in 2018, and Privalia’s Latin America online platform (ex-Brazil), in 2019.

    At the same time as the closing of the investment by funds and accounts managed by BlackRock, Grupo Axo will separately ratify Andres Gomez as Chairman of the Board and CEO, and Alberto Fasja will be confirmed as Board Member and strategic member of the company. The transaction is subject to customary closing conditions. Additional terms of the deal were not disclosed.

    Read more at Private Equity Wire

    Image Source

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Investments
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    EQT Mulls Sale of Stake in $7.5 Billion Nordic Fiber Arm

    May 25, 2022

    KKR-Backed UK Startup Paddle Strikes $200 Million Deal

    May 25, 2022

    Investcorp to invest $400 mn Indian schooling infra

    May 24, 2022

    KKR Leads $200+ Million Growth Investment in Enterprise Identity Protection Leader Semperis

    May 24, 2022

    Comments are closed.

    Other Articles

    AT&T to sell Xandr ad unit to Microsoft

    December 21, 2021

    Bain Capital raises $1 bln in first Japan-focused private equity fund

    April 23, 2021

    CalPERS tops $500bn in assets for the first time

    December 29, 2021

    Private equity groups launch education philanthropy fund

    February 25, 2022

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?