M&A Newsletter — February 2021

Banco Ahorro FAMSA's banking business portfolio was acquired by BanCoppel for an undisclosed amount.

Asia-based VTech Holdings (HKG: 00303) acquired QSC's plant in Tecate, Mexico for an undisclosed amount. The plant will be used to manufacture wooden speaker cabinets.

Mexico's Mexsis, an information-technology and cybersecurity services provider, was acquired by Aggity for an undisclosed amount.

Mexico's Bind ERP, a developer of an administration and invoicing platform for SMEs, was acquired by U.K.-based SUMA for an undisclosed amount.

VanGold Mining acquired the Aurico Gold / El Cubo gold mine located in Guanajuato, a property of Endeavour Silver (NYS:EXK), for USD $18.0 million.

Origis Energy, a solar-power generation project operator, was acquired by Global Atlantic Financial Group for an undisclosed amount.

Eco Window System, a manufacturer of high-impact aluminum doors and windows, was acquired by PGT Innovations (NYS:PGTI) for USD $108.0 million.

Accounting and advisory firm Morrison Brown Argais & Farra was acquired by BDO for an undisclosed amount.

Novoscale, an online platform for engineers and automation systems, was acquired by Evergreen Systems for an undisclosed amount.

Mexico's Pathbooks, a digital publisher offering a unique and immersive reading experience in which the reader shapes the events and course of the stories, closed USD $.120 million in a crowdfunding round through Republic.

Mexico's Súper, a developer of an insurance platform for specialty lines, closed a funding round for USD$ 3.6 million from undisclosed investors.

Mexico's Cargamos, a developer of a software platform to digitize last-mile healthy meal-delivery management, closed a funding round for USD $4.0 million led by FEMSA and Mountain Nazca.

Mexico's Kriptos, a cybersecurity company based on artificial-intelligence algorithms, closed a financing round of USD $1.25 million.

Home Lending Pal, an artificial-intelligence-driven mortgage-lending platform, closed a financing round for USD$ .9 million.

Axela Technologies, a developer of an automated accounts-receivable collection platform, closed a financing round for USD$ 4.01 million with Blueprint Equity.

Volta Charging, a developer of electric-vehicle charging stations, closed a funding round of USD$ 125.0 million led by Energize Ventures.

Ironhack, an operator of coding schools, closed a funding round of USD$ 20.0 million led by Lumos Capital Group.

Satellogic, a satellite manufacturer, received capital from Space X for an undisclosed amount.

Ambulero, a biotechnology company developing treatments for cardiovascular diseases, closed a funding round of USD$ 5.5. million with Orphinic Scientific.

Global Crossing Airlines (TSX: JET), an airline specializing in chartering aircraft for trips of up to 150 passengers, received funding of USD$5.0 to expand its operations.

Mexico's Sekura, an insurance broker and advisor, was acquired through an LBO by Australis Partners.

Mexico's Unifin Financiera (BMV: UNIFINA) placed USD $400.0 million in debt bonds at a rate of 9.875% through a 144A / Regulation S offering in the U.S.

Mexico's Crédito Real closed a 7-year financing facility of USD$ 100.0 million with the International Finance Corporation.

The Checker, a developer of an email-validation platform, was acquired by Cache Ventures through an LBO for an undisclosed amount.

Azamara — a subsidiary of Royal Caribbean, a cruise line operating three mid-size ships — was acquired by Sycamore Partners Management for USD$ 201.0 million through an LBO.

Mexico's Alphacredit Capital, a non-bank financial institution, received USD $40.0 million in financing from the IDB. It had previously received mezzanine financing from Alloy Merchant Finance.

Sweden's IKEA established a strategic alliance with Mexico's 99minutos to deliver its products across Mexico efficiently and in response to the delay in its store-opening plan in Mexico as a result of the COVID-19 pandemic.

Japan's Kumon plans to open 150 additional educational centers over the next 5 years, 50 in 2021 alone, to add to the 450 already operating in Mexico.

Motrosport Games (NAS:MSGM), a video-game company that organizes motorsports tournaments, conducted an IPO in which it raised USD$ 60.0 million.

Longeveron (NAS: LGVN), a biopharmaceutical company developing anti-aging treatments, completed an IPO in which it raised USD$ 30.0 million.