Washington, DC / Mexico City, (March 23, 2018) – LAP Latin American Partners LLC (LAP) and IGNIA
announced the completion of a mezzanine investment by the Central American Mezzanine Infrastructure
Fund II LP (CAMIF II) in Procesamiento Especializado de Alimentos S.A.P.I. (Grupo Procesa), a vertically
integrated tuna producer and market leader in its main segment which began operating in Chiapas,
Mexico in 2003. As part of the transaction, CAMIF II acquired IGNIA’s entire participation in Grupo Procesa.
LAP is the Fund Manager of CAMIF II.
This investment provides CAMIF II with exposure to the strong Mexican tuna market, where Grupo
Procesa is well-placed for growth through a wide range of existing and future tuna products. The company
co-founded The Pacific Alliance for Sustainable Tuna, which recently became certified by the Marine
Stewardship Council for their well-managed and sustainable fishery practices.
“We are certain LAP will bring great value to Grupo Procesa in this next stage, and that it will be a
successful investment, as it was for IGNIA. This exit is an excellent announcement for our investors, and
for the market, since it proves the ability of mexican companies to innovate, create value and achieve
solid growth on their markets” commented Christine Kenna, Partner at IGNIA.
“We’re excited to accompany Grupo Procesa’s talented management team on its path towards further
growth in the dynamic Mexican tuna market,” said James Martin, Partner at Washington, DC-based LAP.
“This transaction shows the wide array of opportunities available in Latin America. In LAP our commitment
is to fuel growth in the region through investments in companies with high potential,” added Teseo
Bergoglio, Partner at LAP.
About LAP
LAP is an SEC registered private fund manager dedicated to Latin America whose team has invested and
is currently managing the Central American Mezzanine Infrastructure Fund (CAMIF I) and CAMIF II, funds
focused in the northern part of Latin America. LAP’s headquarters are in Washington, DC, and is supported
by investment professionals located throughout Mexico and Central America. For inquiries please contact
us at info@lapfunds.com or +1 (202) 530-3180.
About CAMIF II
CAMIF II, a US$188.2 million investment fund, invests and offers financing to private infrastructure
companies and projects in Central America, the Caribbean, Mexico, and Colombia. The Fund is currently
actively identifying investment opportunities in traditional infrastructure, such as power (generation,
transmission, distribution and renewable energy), transportation (railroads, toll roads, airports, ports,
cargo terminals and other logistics), telecommunication, and water & sanitation. In addition, CAMIF II can
invest in natural resources (including agribusiness and other selected sub-sectors), health & education,
and in select other sectors such as housing, real estate, industrial parks, manufacturing, and tourism
among other sectors.
About IGNIA
IGNIA is a venture capital fund manager that invests in high growth companies aimed at the emerging
middle class in Mexico. Founded in 2007, IGNIA manages two funds for a total of US$200 million. IGNIA
invests in sectors such as health, fintech, financial services, education, and basic services. For more
information please see: http://www.ignia.mx and @IGNIA_Fund