Nexxus Close to CCD

Mexican private equity manager Nexxus Capital is targeting the close of a MXP2.5bn-MXP3.0bn ($187m-$224m) certificado de capital de desarrollo (CCD) transaction in Mexico’s local market within the next few weeks, according to a person familiar with the plans. The 10-year fund created in the transaction would invest in a broad range of Mexican companies. It plans a return structure similar to other CCDs, with investors getting their money back plus a preferred return, and then returns divided 80% to investors and 20% to Nexxus. Banamex and Santander are managing, the transaction, to be Nexxus’ second CCD.