Creation Investments Mexico Portfolio Company Te Creemos to Acquire Banco Forjadores
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CHICAGO, Dec. 15, 2020 /PRNewswire/ Creation Investments Capital Management, LLC, a Chicago-based private equity firm specializing in impact investments in financial services, today announced its portfolio company Te Creemos Holding S.A.P.I. de C.V. has reached an agreement to acquire Banco Forjadores S.A., Institución de Banca Múltiple, from Peru-based Grupo ACP Corp. S.A. Both firms are based in Mexico City, and the acquisition is subject to regulatory and anti-trust approval in Mexico.
Since Creation s initial investment in 2015, Te Creemos has made six acquisitions and its loan portfolio has increased five-fold, reaching MXN 5.5 billion (US$275 million). Te Creemos continues to report positive results and portfolio growth throughout 2020.