December 15, 2023
On December 8, PC Capital completed the sale of 100% of its investment in Distribuidora Rancho Los Molinos, S.A. de C.V. to a group of investors led by Exitus Control S.A. de C.V. Founded in 1998, Distribuidora Rancho Los Molinos is the distributor of vegetable seeds, soils, and gardening products in Mexico. Rancho Los Molinos markets its products under the Vita and Hortaflor brands in more than 3,300 points of sale nationwide, including major self-service chains and specialized gardening stores throughout the Mexican Republic.
With this transaction, PC Capital celebrates its third exit in the last 12 months, following the sales of Cesar’s Pizza, S.A. de C.V. and Lottus Education, S.A.P.I. de C.V. in December 2022 and March 2023, respectively. Regarding the sale of Rancho Los Molinos, Pablo Coballasi, Managing Partner of PC Capital, commented:
“We are pleased to have completed this transaction with Exitus Control and their group of partners. After our initial investment in December 2017, Rancho Los Molinos experienced exponential growth in sales and profits, along with a significant impact on the environment and a critical institutionalization process for the success of this company. We are confident that under the control of Exitus and its group of partners, Los Molinos will continue to achieve success and provide the Mexican population with the best vegetable products.”
At the same time, Elías Rahmane, CEO of Exitus Control, commented, “We are very excited about the closing of this operation and the opportunity to diversify our group through Los Molinos’ participation in the growing home vegetable industry. Mexicans’ interest in consuming healthy products and contributing to the environment through cultivation is a great opportunity for Exitus and a significant benefit for our country.”
About PC Capital
Founded in 2008, PC Capital is a private equity and investment banking firm based in Mexico City that manages various private equity vehicles investing in companies with high social or environmental impact in Latin America. Since its founding over 15 years ago, PC Capital has successfully invested in the education, sustainability, food, and financial sectors. PC Capital is a member firm of the Mexican Association of Private Equity (“AMEXCAP”) and the Latin American Venture Capital Association (“LAVCA”).
Exitus Credit, a subsidiary of Exitus Control, is a rapidly growing leading financial company with a national presence, distinguished for providing excellent service and a mission to be a progress generator by offering solutions to financial needs, honestly, agilely, with high human quality, and committed to its surroundings. Exitus Credit directly provides loans to employees, retirees, and pensioners, and group credit products through Exitus Contigo and its network of more than 160 branches in the country.