Nexxus Close to CCD Retap

Mexican private equity manager Nexxus Capital has set Wednesday as the date to close books on its retap of the certificados de capital de desarrollo (CCD) sold in March. What would be the first reopening of a CCD in the short history of the asset class is set to raise up to MXP1.4bn through the sale of up to 14.29m certificates at MXP98.00. The reopening price reflects an MXP2.00 per CCD payout Nexus made in September as a part of the return structure, says a Nexxus official. It is not a discount to the MXP100.00 original offering price in March. The 2020 deal in March 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. Bank of America Merrill Lynch and Santander are managing the transaction.