Alta Growth Capital (AGC) has announced that it completed the sale of Pequeño Caesarmex, S.A.P.I. de C.V. (Pequeño) to Advanced Capital Group, a private equity group. This sale was AGC’s fifth successful exit in the last 24 months.
Pequeño, headquartered in Monterrey, Mexico, is a leading franchisee of the Little Caesars Pizza chain. Since AGC’s investment in 2014, the company grew from 19 stores to almost 200 operating in four countries: Mexico, the Dominican Republic, Colombia, and Puerto Rico. Pequeño is now the second-largest operator of Little Caesars franchises worldwide and the largest outside of the United States.
The terms of the transaction were not disclosed.
Venable served as U.S. legal counsel to AGC for this complex transaction.
Philip T. von Mehren led the Venable team, which included Becca Chappell, Audrey Distler, Michael D. Joblove, Gabriella R. Joseph, Maggie Risinger, Randi M. Rubinstein, Elizabeth F. Stieff, Leonela Vaccaro Padrón, and John A. Wilhelm.