javer informs the initiation of the public tender and reciprocal subscription offer, as well as on the opinion of the board of directors regarding the acquisition price.
nov 12, 2024
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Servicios Corporativos Javer, S.A.B. de C.V., or Javer, is one of the largest Mexican housing developers in terms of units sold. Its history dates back to 1973, when Mr. Salomon Marcuschamer founded the predecessor companies with the purpose of addressing residential housing needs in the city of Monterrey, Nuevo Leon.
Javer is dedicated to the development of mid-range housing projects (below Ps. $850,000) and residential housing (above Ps. $850,000). In some of its developments, commercial lots are also sold.
Javer currently operates in the states of Aguascalientes, Estado de
México, Jalisco, Nuevo León, Querétaro, Quintana Roo, and Tamaulipas. Additionally, it
operates in the state of Puebla through the business unit located in Estado de México,
leveraging its proximity to that state, thereby expanding the company’s geographic presence
to a total of 8 states.
Furthermore, Javer undertook the construction of two
residential apartment developments in Mexico City in 2016 and expanded into the city of
Guanajuato in 2019 with a housing development managed from the Querétaro office. Similarly,
through the Estado de México business unit, developments will be carried out in the state of
Puebla, thanks to its proximity, further increasing its geographic presence.
Servicios Corporativos Javer, S.A.B. de C.V. has 5 subsidiaries:
| Subsidiary | Business |
|---|---|
| Inmuebles Para Ti, S.A. de C.V. | Administration services |
| Casas Consentidas Javer, S.A. de C.V. SOFOM, E.N.R. | Financial services |
| Casas Javer, S.A. de C.V. | Real estate, sales, and marketing |
| Casas Javer de Querétaro, S.A. de C.V. | Real estate, sales, and marketing |
| Casas Javer de México, S.A. de C.V. | Real estate, sales, and marketing |
On the other hand, control of Servicios Corporativos Javer, S.A.B. de C.V. was acquired in 2009 by a group of institutional investors through an Administrative Trust integrated by Southern Cross Group, Glisco Partners and Arzentia Capital, who hold 38.38% of the company's stock. In addition, 24.31% of the shares belong to Proyectos del Noroeste, S.A. de C.V. (a company owned by founding partner Salomón Marcuschamer) and the remaining 37.31% is held by the investing public.
To learn more about the organizational structure of Servicios Corporativos Javer, S.A.B. de C.V., please visit Corporate Structure.
Extensive experience in housing development: Javer's predecessor companies began operations in 1973.
Leading position in key markets: Javer is one of the largest Mexican housing developers in terms of the number of units sold through the Infonavit credit system for new housing.
Rapid growth supported by an efficient business model geared towards controlling working capital needs, generating high margins, and maximizing shareholder returns: The Company has consistently generated free cash flow and maximized its pre-tax ROIC..
Strong brand recognition and reputation as a provider of high-quality products and top-notch customer service: Through its aggressive marketing strategy, high-quality products, and customer service, Javer has been able to build strong brand recognition.
Well-balanced land bank located in strategic markets: Skill and experience in land acquisition, which is carried out as per all applicable legislation. Additionally, its land bank is acquired directly or through trusts with the owners of the land, where the Company is given the right to operate and develop.
Best Corporate Governance Practices: Since 2009, the Company has adopted corporate governance practices focused on the alignment of the interests of its shareholders and other stakeholders.
Experienced management team backed by well-known institutional investors: Combined experience of a management team that has been working together for more than 10 years and a solid group of institutional investors with a long-standing track record of success in Mexico.
Javer's shares have been listed on the Mexican Stock Exchange since January 13, 2016, under the ticker JAVER*. There are 287,235,088 shares outstanding, of which 36.03% belong to the investing public.
Javer's shares are single series, with no par value, ordinary and nominative, with full voting rights and representative of the variable portion of the Company's capital stock.
Javer’s stock is covered by BTG Pactual, Apalache Análisis and Miranda Global Research.