Linzor, together with other shareholders, has sold 100% of Komax S.A. to Grupo Axo. The transaction closed on March 22, 2023, in accordance with the terms established in a sale and purchase agreement signed in November 2022.
Komax is an apparel retailer and exclusive licensor of a diversified portfolio of well-known global brands, operating 150 stores across Chile, Peru and Uruguay with a strong omnichannel presence. Komax has exclusive rights over a portfolio of 12 internationally recognized brands, including GAP, Brook Brothers, The North Face, Polo Ralph Lauren, Old Navy, among others, as well as 7 proprietary brands. The company’s omnichannel strategy includes stores, e-commerce sites, and a wholesale business.
The exit adds to Linzor’s established track record of helping mid-market companies grow and develop into larger successful businesses. During the period of Linzor’s ownership of Komax, the company completed three add-on acquisitions, entered one new geography, Uruguay, and improved the profitability of the business in Peru. Linzor also successfully helped steer Komax through the 2020 pandemic-related store closures, allowing the company to emerge stronger and better positioned to capitalize on a robust post-pandemic recovery.
Grupo Axo is a leading multi-brand, multi-segment retail platform in the apparel, fashion accessories, footwear, beauty, personal care, and home fixtures & furniture product categories. The company distributes more than 30 international and highly recognized brands in Mexico and Chile, from physical to digital stores, in the full-price and off-price formats.
Linzor Capital Partners is a private equity firm founded in 2006, with presence in Chile, Colombia, Mexico, Peru and Uruguay. The fund has raised more than US$1.2 billion in capital commitments since inception and currently holds investments in diverse sectors, including financial services, education, healthcare, retail and technology. Linzor invests in companies that have solid potential for growth and impact, creating value through strategic initiatives and operational improvements that contribute to sustainable business growth.