M&A Newsletter — January 2025

France's Saint-Gobain (PAR: SGO), a multinational producer and distributor of construction materials, completed the acquisition of Mexico's Ovniver Group, a construction-materials producer based in Nuevo León. The transaction amount was USD $815.00 million.

U.S.-based TransUnion Reverse Exchange, a credit-information provider, reached a definitive agreement to acquire 68% of Mexico's TransUnion de México from a group of domestic banks (BBVA, Santander, Scotiabank, HSBC and Banorte). The transaction amount was USD $560.00 million.

Mexico's FEMSA (MEX: FEMSAUBD), operator of the Oxxo convenience-store chain and a Coca-Cola bottler headquartered in Mexico City, completed the sale of its plastics operations to U.S.-based AMMI, an affiliate of Milenio Capital. The transaction amount was MXN $3,165.00 million.

Mexico's Grupo Cementos de Chihuahua (MEX: GCC), a construction-materials producer, reached an agreement to acquire three aggregates operations in Texas. The transaction amount was USD $100.00 million.

Italy's GVS (MIL: GVS), a manufacturer of filtration devices for various industries, announced the acquisition of U.S.-based Haemonetics Corporation (NYS: HAE), a provider of medical devices focused on blood-component collection, whose plant is located in Baja California, Mexico. The transaction amount was USD $67.80 million.

Mexico's Minas del Balsas, a precious-metals producer and miner, reached a definitive agreement to acquire Minera Cuzcatlán, owned by Canada's Fortuna Mining Corp, a mining company. The transaction is estimated at USD $17.00 million.

China's NewGenivf (NAS: NIVF), a provider of assisted-reproduction services, reached a definitive agreement to acquire Mexico's MicroSort, a preconception-services provider based in Nayarit. The transaction amount was USD $5.00 million.

Mexico's Casa Pedro Domecq, a wine and spirits producer and a subsidiary of U.S.-based González Byass USA, based in Mexico City, reached a definitive agreement to acquire Mexico's Destilería Los Danzantes, a mezcal producer. The transaction amount was MXN $80.00 million.

Australia's EV Resources (ASX: EVR), a metals producer and miner, reached a definitive agreement to acquire a 70% stake in the Los Lirios antimony mine in the state of Oaxaca. The transaction amount was not disclosed.

U.S.-based Athlete Ownership Group, a group of NBA and NFL athletes, announced the acquisition of a majority stake in the American-football team Fundidores de Monterrey, based in Nuevo León. The transaction amount was not disclosed.

Switzerland's Netstal Maschinen AG, a manufacturer of plastic-injection machines and a subsidiary of Germany's Krones (ETR: KRN), reached a definitive agreement to acquire Mexico's I-Tech Latinoamérica, an injection-machine provider based in Querétaro. The transaction amount was not disclosed.

V.Two, a provider of AI-driven digital-transformation services, reached a definitive agreement to acquire Mexico's Agave Lab, a digital developer based in Jalisco. The transaction amount was not disclosed.

Mexico's FibraeMX, a real-estate investment trust based in Mexico City, completed the acquisition of 29% of Grupo de Autopistas Nacionales, holder of the Amozoc–Perote toll road. The transaction amount was MXN $5,200.00 million.

Mexico's Niko, a solar-panel producer based in Mexico City, closed a USD $23.00 million financing round led by 468 Capital, Picus Capital, among others.

Mexico's Sistema.bio, a provider of biodigestion and biofertilization systems based in Mexico City, closed a USD $19.25 million financing round led by EDFI MC, Engie, among others.

Mexico's PuntoPost, an operator of designated pickup points based in Mexico City, closed a USD $1.50 million financing round led by 4Founders Capital, JME Venture Capital, Lanai Ventures, among others.

Chile's VMetrix, developer of an investment-management platform, closed a USD $1.50 million seed round led by Kayyak Ventures and Bridge Latam.

Mexico's Drivana, developer of a car-rental platform based in Mexico City, closed a USD $1.00 million seed round led by Grupo Felni, RC Ventures, among others.

Mexico's ChambasAI, developer of a WhatsApp-based staff-recruitment platform based in Mexico City, closed a financing round with Bridge Latam. The transaction amount was not disclosed.

Israel's NanoLock Security, a developer of cybersecurity solutions, closed a financing round led by Grupo Bimbo and Awz Ventures. The transaction amount was not disclosed.

Mexico's Contabilízate, developer of an online accounting platform based in Mexico City, closed a financing round with Nut VC. The transaction amount was not disclosed.

Mexico's J4VO, developer of an AI-driven financial-management platform based in Mexico City, closed a financing round with Nut VC. The transaction amount was not disclosed.

Mexico's Pazi, a provider of insurance for pre-sale apartments based in Mexico City, closed a financing round with Nut VC. The transaction amount was not disclosed.

Mexico's Crabi, a car-insurance provider based in Mexico City, closed a financing round with 30N Ventures. The transaction amount was not disclosed.

Mexico's WICA Alimentos, a producer of pasta, lasagna and sauces based in Mexico City, closed a financing round with Life is too short Capital. The transaction amount was not disclosed.

Mexico's Energía Real, a clean-energy asset manager based in Mexico City, announced the acquisition of part of the self-consumption portfolio of Spain's Grupo Greening through a leveraged buyout (LBO). The transaction amount was MXN $81.21 million.

Mexico's Aleatica, an infrastructure-project manager based in Mexico City, was acquired by Australia's IFM Investors through a leveraged buyout (LBO), for an undisclosed amount.

Mexico's Perro Azul, a producer of audiovisual and audio content based in Mexico City, was acquired by U.S.-based North Road, an audiovisual content production and distribution conglomerate, through a leveraged buyout (LBO), for an undisclosed amount.

Almacenadora Afirme (MEX: AFIRALM) carried out a placement of short-term notes (certificados bursátiles) for MXN $5,163.57 million on the Mexican Stock Exchange (BMV) through Casa de Bolsa Base.

Arrendadora Afirme (MEX: AFIRMAR) carried out a placement of short-term notes (certificados bursátiles) for MXN $495.31 million on the Mexican Stock Exchange (BMV) through Casa de Bolsa Base.

Factoraje Afirme (MEX: AFIRFAC) carried out a placement of short-term notes (certificados bursátiles) for MXN $465.87 million on the Mexican Stock Exchange (BMV) through Casa de Bolsa Base.

Financiera Bepensa (MEX: FINBE) carried out a placement of short-term notes (certificados bursátiles) for MXN $694.86 million on the Mexican Stock Exchange (BMV) through the brokerages Actinver, Banorte and Intercam.

Arrendadora Actinver (MEX: ARREACT) carried out a placement of short-term notes (certificados bursátiles) for MXN $650.00 million on the Mexican Stock Exchange (BMV) through Actinver Casa de Bolsa.

Mexico's Comisión Federal de Electricidad (CFE) carried out a placement of short-term notes (certificados bursátiles) for MXN $2,499.99 million on the Mexican Stock Exchange (BMV) through Casa de Bolsa Banorte, BBVA Casa de Bolsa, Casa de Bolsa Santander and Scotia Inverlat Casa de Bolsa.

América Móvil (MEX: AMX) carried out a placement of short-term notes (certificados bursátiles) for MXN $847.38 million through Casa de Bolsa BBVA, HSBC, Inbursa and Scotia Inverlat Casa de Bolsa.

Mercader Almacenadora (MEX: ALMER) carried out a placement of short-term notes (certificados bursátiles) for MXN $150.00 million through Actinver Casa de Bolsa, Intercam and Casa de Bolsa Banorte.

Ford Credit de México (MEX: FORD) carried out a placement of short-term notes (certificados bursátiles) for MXN $1,800.00 million on the Mexican Stock Exchange (BMV) through Scotia Inverlat Casa de Bolsa and Casa de Bolsa Banorte.

GM Financial de México (MEX: GMFIN) carried out a placement of short-term notes (certificados bursátiles) for MXN $2,399.99 million on the Mexican Stock Exchange (BMV) through Scotia Inverlat Casa de Bolsa and Casa de Bolsa Banorte.

Navistar Financial (MEX: NAVISTS) carried out a placement of short-term notes (certificados bursátiles) for MXN $300.00 million on the Mexican Stock Exchange (BMV) through Casa de Bolsa BBVA México and Scotia Inverlat Casa de Bolsa.

NR Finance (MEX: NRF) carried out a placement of short-term notes (certificados bursátiles) for MXN $1,479.47 million on the Mexican Stock Exchange (BMV) through Casa de Bolsa BBVA México.

Factoring Corporativo (MEX: FACTOR) carried out a placement of short-term notes (certificados bursátiles) for MXN $202.81 million on the Mexican Stock Exchange (BMV) through Vector Casa de Bolsa.

Paccar Financial México (MEX: PCARFM) carried out a placement of short-term notes (certificados bursátiles) for MXN $1,274.00 million on the Mexican Stock Exchange (BMV) through Scotia Inverlat Casa de Bolsa.

Ruba Inmobiliaria (MEX: RUBA) carried out a placement of short-term notes (certificados bursátiles) for MXN $200.00 million on the Mexican Stock Exchange (BMV) through Actinver Casa de Bolsa.

Start Banregio (MEX: START) carried out a placement of short-term notes (certificados bursátiles) for MXN $2,912.00 million on the Mexican Stock Exchange (BMV) through Actinver Casa de Bolsa.

Toyota Financial Services México (MEX: TOYOTA) carried out a placement of short-term notes (certificados bursátiles) for MXN $850.00 million on the Mexican Stock Exchange (BMV) through Casa de Bolsa BBVA México and Scotia Inverlat Casa de Bolsa.

Volkswagen Leasing (MEX: VWLEASE) carried out a placement of short-term notes (certificados bursátiles) for MXN $2,299.99 million on the Mexican Stock Exchange (BMV) through Casa de Bolsa BBVA México and Scotia Inverlat Casa de Bolsa.

Grupo Minsa (MEX: MINSAB) carried out a placement of short-term notes (certificados bursátiles) for MXN $150.00 million on the Mexican Stock Exchange (BMV) through Casa de Bolsa Banorte and Actinver Casa de Bolsa.

Autlán Compañía Minera (MEX: AUTLANB) carried out a placement of short-term notes (certificados bursátiles) for MXN $50.00 million on the Mexican Stock Exchange (BMV) through Actinver Casa de Bolsa and Intercam.

Mexico's Planigrupo, a real-estate developer and operator based in the State of Mexico and a subsidiary of Grupo México (MEX: GMEXICOB), improved its tender offer (OPA) for Mexico's Acosta Verde (MEX: GAVA), an operator of shopping centers and retail spaces based in Nuevo León. The offer rose from MXN $156.00 to MXN $172.00 per share.

U.S.-based Medline Industries, a producer of medical and surgical products, announced the construction of a plant in Nuevo Laredo, Tamaulipas. The investment is estimated at USD $250.00 million.

Mexico's Envases Universales, a producer of steel, aluminum, PET and plastic packaging, announced the expansion of its plant in Guadalupe, Nuevo León. The investment is estimated at USD $50.00 million.

India's Balaji JMC Paper Mill, a producer of paper and paper products, inaugurated a plant in Ciudad Juárez, Chihuahua. The investment is estimated at USD $40.00 million.

Japan's Nidec, a producer of electric motors, began the expansion of its plant in Reynosa, Tamaulipas. The investment is estimated at USD $23.00 million.

U.S.-based Copeland, a producer of heating and cooling systems, inaugurated a plant in Arteaga, Coahuila. The investment is estimated at USD $22.00 million.

Germany's Bayer, a producer of medicines, nutritional supplements and crop products, began the expansion of its plant in the State of Mexico. The investment is estimated at MXN $1,000.00 million.

Mexico's Hospitales MAC, a developer and operator of high-specialty hospitals, announced the construction of a hospital complex in Saltillo, Coahuila. The investment is estimated at MXN $1,000.00 million.

Mexico's Grupo Grisi, a producer of personal-care and health products, inaugurated a plant in Azcapotzalco, Mexico City. The investment is estimated at MXN $200.00 million.

Japan's HI-LEX, a producer of controls for the automotive industry, inaugurated a plant in Saltillo, Coahuila. The investment is estimated at MXN $15.00 million.

Switzerland's Carlo Gavazzi, a producer of electronic components, inaugurated a plant in Tijuana, Baja California.