FEMSA completes divestiture of its refrigeration and foodservice equipment operations to Mill Point Capital

Group 1 - FEMSA successfully closed the divestiture of its refrigeration and foodservice equipment operations, Imbera and Torrey, to Mill Point Capital LLC for a total amount of 8,000 million pesos on a cash-free, debt-free basis [1] - The divestiture was previously disclosed on July 17, 2024, indicating a strategic move by FEMSA to streamline its operations [1] Group 2 - FEMSA operates in the retail industry through its Proximity Americas Division, which includes the OXXO small-format store chain, and Proximity Europe, which encompasses Valora, its European retail unit [2] - The company also has a Health Division that includes drugstores and digital financial services initiatives under Digital@FEMSA, such as Spin by OXXO and Spin Premia [2] - FEMSA is the largest franchise bottler of Coca-Cola products in the world by volume through its beverage division, Coca-Cola FEMSA [2] - The company employs over 392,000 individuals across 18 countries and is recognized in various sustainability indexes, including the Dow Jones Sustainability MILA Pacific Alliance and the FTSE4Good Emerging Index [2] Group 3 - Mill Point Capital LLC is a private equity firm that focuses on control investments in lower-middle market companies across the Business Services, Industrials, and IT Services sectors in North America [3] - The firm aims to enhance portfolio company value through strategic initiatives and operational improvements [3]