Urbi, Desarrollos Urbanos, S.A.B. de C.V. announced that it has received MXN 886.799964 million in funding
May 25, 2016
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Urbi, Desarrollos Urbanos, S.A.B. de C.V. announced a private placement of approximately 79,209,000 shares at MXN 11.195697 per share for gross proceeds of MXN 886,799,963.673 with new investor, Rook Partners, L.P. on May 26, 2016. The investor acquired 67% stake of the company through the transaction.
Urbi Desarrollos Urbanos SAB de CV is a Mexico-based company primarily engaged in the homebuilding sector. The Company's activities are divided into three business lines: Real estate development, Real estate construction and Plots. The Real estate development line is responsible for the design, construction and sale of own residential buildings, which aim at low, middle, and high-income families. The Real estate construction line comprises management and construction of residential projects for third parties. The Plots line focuses on the acquisition, subdivision and sale of land. The Company develops housing projects under a range of brand names, including UrbiVilla, UrbiQuinta, UrbiHacienda and UrbiClub. The Company operates through numerous subsidiaries, such as Ingenieria y Obras SA de CV, Obras y Desarrollos Urbi SA de CV and Cyd Desarrollos Urbanos SA de CV.
URBI, DESARROLLOS URBANOS, S.A.B. DE C.V. 
