Linzor takes majority stake in Mexico's Numaris, with IFC and Proparco

What's the deal? Linzor Capital PartnersDealroom has a profile for this one. Try Dealroom → has acquired a majority stake in NumarisDealroom has a profile for this one. Try Dealroom →, a Mexico City-based provider of telematics, fleet management, and logistics software. The private equity deal drew participation from development finance institutions IFCDealroom has a profile for this one. Try Dealroom → and ProparcoDealroom has a profile for this one. Try Dealroom →.

What each side brings: Numaris builds software that helps companies track vehicles and manage fleets and logistics operations, serving more than 2,600 businesses and managing over 230,000 connected solutions across Mexico. Founded by Juan Pablo Baeza and Mateo CantU through a search-fund model, the company grew via acquisitions including Tecnocontrol, Smart Tracker, SFleet and Traffilog. Linzor is a Latin American private equity firm that has invested more than US$1.4 billion since 2006; the backing of IFC and Proparco adds international heft to the transaction.

The signal: The deal underscores steady private capital interest in Mexico's logistics and enterprise software sector, echoing recent regional moves such as MxO CapitalDealroom has a profile for this one. Try Dealroom →'s majority stake in education technology firm AMCODealroom has a profile for this one. Try Dealroom →.

Read more: LAVCA