Nexxus Plans CCD Retap

Nexxus Capital is planning a retap of its certificado de capital de desarrollo (CCD) sold in March, what would be the first reopening of a CCD in the asset class’ 1-year history. The Mexican private equity firm does not indicate the size in its regulatory filing, but officials there had previously indicated a $50m-$70m equivalent raise is likely. The 2020 deal priced at MXP100 and raised MXP1.46bn for what is essentially Nexxus’ fourth private equity fund, investing in a wide variety of assets in Mexico over a 5-year period. BofA-Merrill Lynch, Santander, and Ixe are managing the transaction. The firm was also planning to raise an amount roughly equal to the CCD via traditional channels for a fifth fund that co-invests with a fourth, drawing largely from investors in Nexxus’ previous vehicles.