Alta Growth Capital Announces Successful Exit from Pequeño Caesarmex
Mexico City, Mexico, December 2, 2024 – Alta Growth Capital (“AGC”) announced that it completed the sale of Pequeño Caesarmex, S.A.P.I. de C.V., (“Pequeño”) to Advanced Capital Group, a private equity group. This sale was AGC’s fifth successful exit in the last 24 months. Terms of the transaction were not disclosed.
Pequeño, headquartered in Monterrey, Mexico, is a leading franchisee of the Little Caesars Pizza chain. Since AGC’s investment in 2014, the Company grew from 19 stores to almost 200 operating in four
countries: Mexico, Dominican Republic, Colombia and Puerto Rico. Pequeño is now the second largest operator of Little Caesars franchises worldwide and the largest outside of the United States.
“Together with management, we exceeded our expectations with this investment,” said Javier Garcia-Teruel, Managing Director at AGC. “The team did a tremendous job in maximizing cash flow towards efficient growth and in successfully introducing the brand in new geographies, allowing the company to expand in number of units at an accelerated pace.”
During AGC’s holding period, driven by unit growth and same store sales increases, revenues grew significantly and headcount grew to over 3,500. This transaction underscores AGC’s ability to identify and scale high-potential businesses while delivering strong returns for its investors.
“Our partnership with Pequeño Caesarmex exemplifies our commitment to fostering growth and operational excellence in companies across Latin America,” said Scott McDonough, Managing Director at AGC. “The Little Caesars model, driven by a strong value proposition, allowed us to have a significant impact in the markets in which we operate by providing high quality pizza at a very reasonable price and creating positive job opportunities in local neighborhoods.” The transaction was facilitated by Rothschild, acting as Mexico financial advisor, Stifel, as U.S. financial advisor, Venable, as U.S. legal counsel, Ontier, as Mexican legal counsel, OSY as Mexican tax advisor and Deloitte as tax advisor in the Dominican Republic.