Inversiones Crecepymes, C.A. – Clase B

What it is

Crecepymes is a private-equity firm that specialises in growth capital, buyouts, and turnarounds, preferring Venezuelan companies in food, healthcare, retail, energy, tourism, and related sectors. It raises capital for each deal by issuing preferred convertible stock on a deal-by-deal basis — an unusual structure that lets it match funding to specific opportunities rather than holding one large pool of cash.

Investments may be made in manufacturing, services, commerce, tourism, shipping, mining, energy, health, and any other sector the board considers in the company’s interest, inside or outside Venezuela. In practice, Venezuela’s economic constraints mean most activity is domestic.

Who owns it

The company was originally registered at the Registro Mercantil Cuarto of Distrito Capital and Estado Miranda on 18 August 2009, under number 23, Tomo 122-A-Cto, with tax identification RIF J-29803170-0. Capital is divided into Class A shares (330,000 before the 2024 stock dividend) and Class B shares (7,623,000 before that same dividend).

The identity of the controlling shareholder and their precise ownership percentage are not disclosed in available public sources. The recurring presence of the Sucre family name — Alejandro José Sucre Fagre leads the principal directors, with Nicolás Sucre and Alfredo Sucre Hernández serving as alternates — suggests a family group holds a commanding position, but no official ownership breakdown has been published.

Who runs it

At the extraordinary general meeting of 15 May 2026, shareholders representing 61.05% of Class A and Class B shares ratified the current board and approved the 2025 annual accounts. The meeting also moved the company’s registered address to Avenida Libertador / Calle Alameda, Torre Exa, Piso 1, Oficina 118, El Rosal, Municipio Chacao.

The board of principal directors for 2026–2028 comprises Alejandro José Sucre Fagre, José Antonio Gil Yépez, Clive E. Ferebee, Bruce Bragagnolo, and Mauro Abreu; alternates include Alfredo Montiel, Juan José Rodríguez Hernández, Nicolás Sucre, Alfredo Sucre Hernández, and Diego Salinas.

No individual is publicly designated CEO or CFO in available filings.

The money, in plain words

The H1 2024 interim balance sheet (unaudited, compiled to SUNAVAL standards, in constant bolívares as of 30 June 2024) showed total assets of Bs. 33,428,823 and total liabilities of Bs.

8,587,815. That implies total equity of roughly Bs.

24,841,008 — the owners’ net stake in the business — at that date (our calculation). These are inflation-adjusted figures under Venezuelan accounting norms and cannot be directly converted to today’s USD without distortion.

The most recent dividend, declared at the April 2024 annual meeting, was paid entirely in new shares rather than cash: shareholders received 3.3602 new shares for every share held, funded from retained earnings totalling Bs. 6,500,650.

Since January 2023, ICP.B shares trade in single units rather than lots of ten, making small purchases easier. Revenue and net profit for any full financial year are not disclosed in available public sources.

What it is doing now

At the May 2026 extraordinary assembly, shareholders unanimously approved the financial statements for the year ended 31 December 2025 and resolved to change the company’s registered domicile. A new director, Bruce Bragagnolo, was added to the principal board for the 2026–2028 term — a modest but concrete sign of governance activity in a market where many listed companies report very little.

The ICP.B share last traded at 99 VES ($0.14 USD) on the BVC on 9 July 2026, giving a Class B market value of roughly Bs. 3.84 billion (~$5.5 million USD, our calculation).

Class B shares have traded on the Caracas exchange since 10 May 2011.

What to watch

• Full financial disclosure. Revenue, net profit, and return on equity remain unavailable to the public. Any move to publish audited annual accounts openly would sharply improve the investment case.
• Ownership transparency. The controlling shareholder structure is implied but undisclosed. Clarity on who holds Class A shares — the voting class — matters for minority Class B holders.
• Portfolio exits. The company’s stated purpose is to acquire and recapitalise businesses, finance company purchases, and restructure distressed firms. Any announced sale or initial public offering of a portfolio company would be the clearest sign of value being realised.
• Venezuela macro. The company’s entire portfolio sits inside one of the world’s most economically volatile countries; hyperinflation, currency controls, and regulatory risk are permanent overhangs for every number on its balance sheet.

This is news, not investment advice.