Mexico is brimming with opportunities for private equity firms, thanks to a growing middle class along with sweeping reforms in its pension fund system and key industries, including telecommunications and energy. One private equity fund that has taken advantage of the trends is Citi Venture Capital International (CVCI). Formed in 2001 as a unit of Citigroup Inc. (NYSE: C), CVCI invests in emerging markets and recently agreed to merge with the Rohatyn Group, which is known as TRG Management LP. (Watch the video below.)
CVCI has backed five companies in Mexico, all of which have enjoyed successful exits, including two initial public offerings. Mergers & Acquisitions spoke with CVCI director Alex Manzo, who focuses on investing in Latin America.