Nexxus Capital to Invest in Translatum Holding (Latin America)
Posted On: 15 Feb 2017 | Source: Nexxus Capital
Mexico-focused private equity fund manager Nexxus Capital has agreed to invest in Mexico-based Translatum Holding, a holding company to develop a fintech payments platform. TransNetwork, the first component of Translatum, is a company in the business-to-business (B2B) electronic domestic and cross-border processing and payments industry. Nexxus will invest through Nexxus VI. Financial details of the transaction, which is subject to certain conditions including approval of Mexico’s Antitrust Authority, were not disclosed.