The company was sold to Liquid Capital’s Mexican franchisee Docuformas, which now owns 100 per cent of the company after its founder and another private equity firm also agreed to sell their stakes.
The combined group is expected to be Mexico’s second largest independent leasing company.
Since Abraaj backed ARG in 2008, the company has seen its leasing portfolio grow to $100m from $5m.
Regional head of Latin America for Abraaj Miguel Olea said, “Our investment in ARG was based on the compelling opportunity it presented to participate in the growing logistics and trade sectors of the Mexican economy through transportation leasing and to fill an unmet need for financing of small and mid-sized enterprises in Mexico.
“The combined entity will be better able to capitalize on significant demand for leasing services across a wide variety of sectors in Mexico.
“We look forward to continuing to be engaged in this high-potential sector through our investment in Liquid Capital.”
The firm offered to buy up to 100 per cent of the hospital, which has 177 beds, eight operating rooms, a cardiac investigation center, a physiotherapy department, a laboratory and an imaging center in Heliopolis.
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