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Advent International acquired a stake in InverCap Holdings (“InverCap”), owner of Mexico’s leading independent mandatory pension fund administrator

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Ivestment will support the company’s continued growth and
focus on generating attractive investment returns for its beneficiaries

MEXICO CITY – December 14, 2012 – Advent International, one of the leading global private equity firms, today announced that it has acquired a significant stake in InverCap Holdings, whose main subsidiary, Afore InverCap, is the largest independent mandatory pension fund administrator in Mexico.

With this investment, Advent will support InverCap’s continued growth and success, helping the company maintain its leading position in delivering service and investment returns to its customers.

InverCap was founded in 1997 and is headquartered in Monterrey, Mexico. Afore InverCap, InverCap’s main subsidiary, manages one of Mexico’s best-performing pension funds for private and public sector workers in the country1. Since inception, the company has grown its assets under management by generating industry-leading investment performance and establishing strong distribution capabilities. Today, InverCap invests the retirement savings of approximately three million employees nationwide, with total assets under management of US$7.3 billion as of October 2012.

“We are pleased to partner with InverCap’s exceptional management team and to support the continued growth of not only the company but also the Mexican pension system,” said Luis Solórzano, Managing Director at Advent International and Head of its Mexico Office. “We look forward to working with InverCap as it continues to seek the best investment opportunities to increase its beneficiaries’ savings and safeguard their retirement.”

“We are excited to welcome a leading and respected global investor such as Advent as a new shareholder,” said César Montemayor, Chief Executive Officer of InverCap. “Advent has a strong track record in Mexico and in supporting the growth of financial services companies. Their involvement will enhance our ability to continue to meet the retirement goals of the millions of Mexican workers who entrust their savings to our funds.”

Advent has actively contributed to the development of the financial services sector globally and across Latin America. Since its founding, the firm has invested in over 65 such companies worldwide and 12 financial services companies in Latin America. Advent has been operating in Mexico since 1996, during which time it has invested in 22 Mexican businesses. Its investments in the Mexican financial services sector have included Consultoría Internacional Casa de Cambio, a provider of currency-exchange services; and DolEx Dollar Express, an electronic money transfer firm operating in the U.S.-to-Latin America corridor.

1Based on the Net Return Index published by CONSAR, the National Commission of Mexico’s Retirement Savings System

About Advent International
Founded in 1984, Advent is one of the world’s leading global buyout firms, with offices in 16 countries on four continents. A driving force in international private equity for 28 years, Advent has built an unparalleled global platform of over 170 investment professionals across Western and Central Europe, North America, Latin America and Asia. The firm focuses on international buyouts, strategic repositioning opportunities and growth buyouts in five core sectors, working actively with management teams to drive revenue growth and earnings improvements in portfolio companies. Since its inception, Advent has raised $37 billion in private equity capital and, through its buyout programs, has completed over 270 transactions in 35 countries. For more information, please visit www.adventinternational.com.

About InverCap Holdings
InverCap was founded in 1997 as a small mutual fund company and is headquartered in Monterrey, Mexico. Its main subsidiary, Afore InverCap, was founded in early 2005 and is now the largest independent pension fund administrator in Mexico. More information about the company can be found at www.invercap.com.mx.

Contacts


Luis Solórzano

Managing Director, Mexico

T: +52 55 5281 0303
Office details

Carlos Peña

Director, Mexico

T: +52 55 5281 0303
Office details