Conix S.A.S.
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Conix S.A.S. - overview
Established
1988
Location
Medellin, Antioquia, Colombia
Primary Industry
Business Support Services
About
Conix S. A. S. , now known as Latam Trade Capital, specializes in innovative financial solutions that enhance liquidity and operational flexibility for businesses, particularly in Latin America.
Founded in 1988, Conix S. A. S. is headquartered in Medellin, Colombia, and operates as Latam Trade Capital.
The company focuses on providing equipment financing and invoice discounting to improve cash flow for small to medium-sized enterprises. In April 2016, Kandeo acquired a 50% stake in the company for USD 7. 5 million. The total amount raised by Conix S.
A. S. amounts to USD 7. 5 million, all from this buyout round.
The current CEO is Laura Henao. Latam Trade Capital specializes in providing innovative financial solutions tailored to meet the needs of businesses looking to enhance their liquidity and financial flexibility. Their core offerings include equipment financing and invoice discounting, allowing clients to acquire necessary technological assets without upfront investments. By transforming invoices into immediate liquidity, the company addresses cash flow challenges faced by businesses across various sectors, particularly benefiting small to medium-sized enterprises (SMEs) that require capital for operational efficiency.
In the most recent financial year of 2023, Latam Trade Capital reported revenues of USD 22. 84 mn and an EBITDA of USD 18. 90 mn, indicating a strong transaction-based financing service model centered around equipment leasing and invoice financing. Latam Trade Capital is focusing on developing new financial products to broaden its service offerings.
The company aims to expand its presence in the Latin American market, specifically targeting regions such as Central America and the Caribbean by 2025. The recent funding from Kandeo will be utilized to enhance its service capabilities and support the launch of these new products, which are designed to meet the evolving needs of its clients.
Current Investors
Kandeo
Primary Industry
Business Support Services
Sub Industries
Equipment Rental & Leasing, Data Centers
Website
www.conix.com.co
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Conix S.A.S. - timeline of key events
Conix S.A.S. - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 39,626,962,000 | 45,673,479,000 | 49,651,248,000 | 57,087,511,000 | 61,973,077,000 | 62,984,112,000 | - | - | - |
| % Revenue Growth (YoY) | - | 15.3% | 8.7% | 15.0% | 8.6% | 1.6% | - | - | - |
| EBITDA (USD) | 29,571,651,000 | 36,272,313,000 | 41,861,549,000 | 48,185,571,000 | 53,740,070,000 | 53,478,218,000 | - | - | - |
| Operating Income (USD) | 6,987,136,000 | 9,050,434,000 | 10,895,018,000 | 14,833,737,000 | 16,582,968,000 | 15,461,867,000 | - | - | - |
| Operating Margin | 17.6% | 19.8% | 21.9% | 26.0% | 26.8% | 24.5% | - | - | - |
| % EBITDA Margin | 74.6% | 79.4% | 84.3% | 84.4% | 86.7% | 84.9% | - | - | - |
| NET Income (USD) | 1,860,494,000 | 2,796,282,000 | 4,282,221,000 | 6,052,383,000 | 7,066,099,000 | 4,336,953,000 | - | - | - |
| % Net Margin | 4.7% | 6.1% | 8.6% | 10.6% | 11.4% | 6.9% | - | - | - |
Conix S.A.S. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Conix S.A.S. | - |
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Conix S.A.S. - employee data
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