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We look forward to partnering with Andres, Alberto, and their entire team to help Grupo Axo achieve even greater success." "Grupo Axo has been successful in winning market share and increasing its sales growth over the past few years, and continues to have a thoughtful and strategic business plan to build on its track record," , Managing Partner of Glisco Partners.

"We remain committed to supporting Grupo Axo as the Company seeks to expand its business and its leadership position in the multi-brand retail space." "We have been privileged to support Grupo Axo in its early years of growth and thank the entire management team for its passion and dedication.

The Company owns the exclusive rights to commercialize more than 20 leading international brands in with 140 stores.

"Partnering with the General Atlantic team and delaying our previously planned initial public offering is undoubtedly the right strategic decision for our business at this time," said Andres Gómez Co CEO of Grupo Axo.

Established in 1980, General Atlantic combines a collaborative global approach, sector specific expertise, a long-term investment horizon and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to build exceptional businesses worldwide.

The firm's investment marks a substantial step forward in Grupo Axo´s expansion into the Latin American market and will further enable us to capitalize on a broad array of new growth opportunities." "We are excited to embark on this strategic alliance with General Atlantic as it represents a significant milestone for Grupo Axo.

The growth and maturity of the company during our investment period has been remarkable, and we know that the company will be in good hands with General Atlantic as the firm seeks to help take Grupo Axo's business to new heights," said , Chairman of the Board of Directors of Alsea. V., Grupo Financiero Credit Suisse (México) acted as exclusive financial advisor to Grupo Axo.

Grupo Axo intends to drive its next phase of growth by enhancing its retail footprint through its licensed brands, bringing more internationally prominent brands to the region, and continuing to expand its off-price business's, Promoda's, reach to consumers. About Grupo Axo Grupo Axo is a leading multi-brand company in .

Contacts For General Atlantic Mike Geller Edelman for General Atlantic 1 2 [email protected] Grupo Axo Glisco Partners Inc.

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