M&A Newsletter — January 2021

Mexico's Gestionix, a developer of a cloud-based platform for accounting, collections and administration, was acquired by fintech firm Konfío for an undisclosed amount.

Mexico's Banner Química, a chemical-products distributor focused on the industrial cleaning, personal care, household and agro-industrial sectors, was acquired by IMCD (AMS: IMCD) for an undisclosed amount.

Mexico's Millikan, a distributor of chemical additive products for the food industry, was acquired by IMCD (AMS: IMCD) for an undisclosed amount.

The Santa María gold mine located in Parral, Chihuahua, owned by Golden Minerals (NYS:AUMN), was acquired by Fabled Silver Gold (TSXV:FCO) for USD $4.07 million.

Sesamee Mexicana, a subsidiary of The Eastern Company (NAS:EML) dedicated to the distribution of industrial parts and spare parts, was acquired through an MBO (management buyout) by Sesamee's management team for an undisclosed amount.

Mexico's Energía Costa Azul, an operator of a liquefied natural gas terminal, sold a 16.6% equity stake to North America's Total for an undisclosed amount.

Mexico's Contact Industries, a manufacturer and distributor of plumbing products, was acquired by U.S.-based Oatey for an undisclosed amount.

Mexico's Axnet, a fiber-optic services provider, sold its infrastructure business to an undisclosed investor.

Mexico's Salmalayuca Cobre, explorer of a mineral project in Chihuahua, was acquired by Camex Mining Development Group, a subsidiary of VVC Exploration (TSX: VVC), for an undisclosed amount.

AeroCare Holdings, a provider of home respiratory-therapy services and equipment, was acquired by Adapt Health (NAS:AHCO) for USD $2,000.0 million.

Blue Moon Fish Co., a seafood restaurant, was acquired by Ark Restaurants (NAS:ARKR) for USD $2.75 million.

The premature-ejaculation treatment business of Veru (NAS:VERU) was acquired by Roman Health Ventures for USD $20.0 million.

Pallet One, a wooden-pallet manufacturer, was acquired by UFP Industries (NAS:UFPI) for USD $232.0 million.

Holden 2, a pet healthcare-products manufacturer, was acquired by Swedencare (STO:SECARE) for USD $21.0 million.

Data Masons, a software-development company, was acquired by SPS Commerce (NAS:SPSC) for USD $100.0 million.

UPC Insurance's personal-insurance business lines were acquired by HCI Group for USD$ 3.1 million.

Microbiome Labs, a probiotics and dietary-supplements manufacturer, was acquired by Novozymes (CSE:NZYM B) for USD $125.0 million.

The Penny Hoarder, a consumer financial-information services provider, was acquired by Clear Link Technologies, a subsidiary of Sykes Enterprises (NAS: SYKE), for USD $102.5 million.

Patient Matters, a medical-billing software developer, was acquired by Firstsource Solutions (BOM: 532809), a subsidiary of ICICI Bank (NSE: ICICIBANK), for USD $13.0 million.

Sparton, a manufacturer of electromechanical components for the defense industry, was acquired by Elbit Systems (TAE: ESLT) for USD $380.0 million.

Mexico's Heru, a B2B digital-services provider, closed USD $1.7 million in a funding round led by Mountain Nazca.

Mexico's Nexu, a developer of an electronic marketplace for automotive financing search, closed a funding round led by Arrebol Capital.

Mexico's Comebien.mx, operator of a healthy-food home-delivery platform, closed a funding round of USD $1.2 million led by Grupo Azucarero México.

Mexico's Albo, a fintech developer of a payments platform, closed a funding round of USD $45.0 million led by Greyhound Capital and six other investors.

Mexico's Parrot, a developer of a software platform for restaurant operations and management, closed a funding round of USD $2.03 million led by Outbound Ventures.

Mexico's RYC Alimentos, a producer and distributor of meat products, received a significant funding round led by Industrias Bachoco.

Mexico's Industrial Papelera Venus, a manufacturer and distributor of self-adhesive and silicone products, was acquired through an LBO by Ferdigoni, via its investor Bain Capital.

Mexico's Banco Forjadores, a microfinance institution focused on group lending, was acquired through an LBO by Te Creemos, through its investors PC Capital, IFC and Creation Investments.

Headways Media, operator of a digital-marketing consultancy, was acquired through an LBO by Valtech, through its investors Capza, Kharis Capital and Verlinvest.

Mexico's Marhnos, a construction company, received financing of USD $31.1 million from Credit Suisse.

Fibra Orión executed a Share Subscription and Purchase Agreement to acquire shares representing the capital stock of Desarrollos Carreteros del Estado de Durango, S.A. de C.V.

Consubanco, together with Grupo Consupago, entered into an agreement with Financiera Independencia for the acquisition of substantially all of the individual payroll-deduction loan portfolio of its subsidiary Fisofo and the purchase of all shares representing the capital stock of Fisofo in favor of Grupo Consupago.

CADU successfully completed the placement of a Green Bond in the amount of $502.1 million pesos, at 7 years, at a fixed rate of 9.13%. The Bond carries a partial guarantee from BID Invest and Sociedad Hipotecaria Federal (25%).

Mexico's IEnova commenced operations of a petroleum-products storage terminal at the port of Veracruz with a capacity of two million barrels, in which it invested USD $300.0 million.

DHL Express invested more than USD $50.0 million in 2020 in Mexico to address increases in operated e-commerce volumes.

Banco Santander México announced an investment of $2,500.0 million for the construction of Distrito Querétaro, a new operational complex that will house more than 2,600 employees of the institution.

Spain's Malasa, a custom-furniture manufacturer, announced the installation of a new plant in the municipality of El Marqués in Querétaro, with an investment of $286.0 million.

Federal Express commenced operations of a new operational station in the state of Querétaro, in which it invested more than $60.0 million.

Netherlands-based HEMA, a home-goods and personal-care retail operator, commenced operations in Mexico with the opening of its first store at Artz Pedregal. HEMA expects to reach 200 locations in Mexico by 2025.