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La Curacao

Adir International, LLC

US$ 20,000,000

August 2005

La Curacao is the leading retailer focused on Hispanic consumers in Los Angeles, Southern California and the Southwestern U.S. and provides financing for the majority of its sales through its proprietary credit underwriting systems.

New equity capital for store expansion via the sale of a minority interest in Adir International, LLC was provided by an affiliate of Citicorp Venture Capital International.

Pan American Finance, through an affiliate, Azul Capital LLC, initiated this transaction and acted as advisor to Citicorp Venture Capital International.