Grupo Acosta Verde, S.A. de C.V.
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Grupo Acosta Verde, S.A. de C.V. - overview
Established
1974
Location
San Pedro Garza Garcia, Nuevo Leon, Mexico
Primary Industry
Real Estate Development & Operating Companies
About
Grupo Acosta Verde is a company focused on the development and management of commercial spaces in Mexico, primarily through their Sendero shopping centers, serving diverse retail needs. Founded in 1974, Grupo Acosta Verde, S. A. de C.
V. operates in San Pedro Garza Garcia, Mexico, specializing in developing shopping centers. The company has engaged in two deals, with the latest investment occurring on July 12, 2017, when Equity International invested USD 29 million, bringing the total amount raised to USD 29 million. The current CEO is Jesus Acosta, who has been pivotal in the company’s growth and strategy.
Grupo Acosta Verde specializes in the development and management of commercial spaces across Mexico, primarily through their Sendero brand, which consists of shopping centers located in cities such as Tijuana, Mexicali, and Chihuahua. These centers offer a variety of retail options, including fashion, electronics, and dining, designed to enhance the shopping experience and cater to urban demographics. In 2023, Grupo Acosta Verde reported a revenue of USD 81. 10 mn and an EBITDA of USD 113.
22 mn. The company generates income through long-term leasing agreements with retailers, structured around B2B relationships that align the interests of both parties. Grupo Acosta Verde plans to utilize the recent funding received in July 2017 to support its expansion and development initiatives. The company aims to launch new shopping centers and expand into additional urban markets across Mexico, enhancing its retail footprint and improving brand visibility.
Specific target regions for expansion are currently under consideration, aligning with the company's growth strategy.
Current Investors
Equity International, AltamarCAM Partners, BlackRock
Primary Industry
Real Estate Development & Operating Companies
Sub Industries
Department Stores, Real Estate Development & Operating Companies
Website
www.grupoav.com
Company Stage
Growth Capital
Total Amount Raised
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Grupo Acosta Verde, S.A. de C.V. - timeline of key events
Grupo Acosta Verde, S.A. de C.V. - financials
| Fiscal Year Ended | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|
| Revenue (USD) | 1,068,732,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - |
| EBITDA (USD) | (129,832,000) | - | - | - |
| Operating Income (USD) | (158,427,000) | - | - | - |
| Operating Margin | (14.8%) | - | - | - |
| % EBITDA Margin | (12.1%) | - | - | - |
| NET Income (USD) | (403,186,000) | - | - | - |
| % Net Margin | (37.7%) | - | - | - |
Grupo Acosta Verde, S.A. de C.V. - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Growth | Completed | Grupo Acosta Verde, S.A. de C.V. | - | ||||||||
| Growth | Completed | Grupo Acosta Verde, S.A. de C.V. | - |
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Grupo Acosta Verde, S.A. de C.V. - employee data
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