Alta Growth Capital, a private equity firm focused on growth investing in Latin America, and its co-investors, have made an investment to acquire an equity interest in Docuformas, the second-largest independent leasing company in Mexico.

As part of the transaction, Docuformas will receive a primary investment capitalization to continue its rapid growth in the financial sector. Further terms of the transaction were not disclosed.

Founded in 1996 by Adam Wiaktor, Docuformas provides specialized financing of productive assets to Mexican small and medium-sized enterprises, a sector that is largely underserved by banking institutions despite representing the majority of the economic activity in the country.

Docuformas offers tailored products, including capital leasing, operating leases, transportation services, factoring, cash financing and equipment financing, through a salesforce of more than 80 professionals and an extensive network of vendors and brokers. Docuformas has a total portfolio of more than $5,500 million pesos and nearly 1,000 clients.

Erik Carlberg, founding partner of Alta Growth Capital, said, “Alta is excited to partner with Docuformas, a market leader with a proven growth model. We see a market opportunity to continue to build Docuformas to become a multiproduct capital provider to SMEs in Mexico through both organic growth and complementary add-on acquisitions.”

“We are thrilled to welcome Alta Growth Capital, a best-in-class private equity firm, and its co-investors, as our new institutional investment partners,” said Adam Wiaktor, CEO and founder of Docuformas. “The Alta team has a proven track record of investing in growing businesses, and their strategic and operational expertise will be valuable as we accelerate our growth. Together, we will focus on enhancing our financial solutions offering to our clients and build Docuformas’ position as a leading leasing company in Mexico.”

Alta is making this investment out of its Mexico Fund II. This is Fund II’s ninth portfolio company and final investment.