M&A Newsletter — July 2024

Mexico's Online Career Center, a recruitment-consulting agency based in Mexico City, reached a definitive agreement to be acquired by Red Arbor, for an undisclosed amount.

Mexico's Atomic32, a business-development provider for financial institutions based in Mexico City, reached a definitive agreement to be acquired by Fresh Consulting, through its financial sponsor, Cynosure Partners, for an undisclosed amount.

Mexico's Terrafina, a Real Estate Investment Trust (FIBRA) based in Mexico City, reached a definitive agreement to be acquired by CIBanco (MEX: FCFE18), for MXN $29.70 billion.

Mexico's Grupo Carso (MEX: GCARSOA1), one of Latin America's most prominent conglomerates with a presence in the industrial, manufacturing and energy sectors based in Mexico City, reached a definitive agreement to acquire a majority stake in PetroBal, for USD $530.00 million.

Mexico's Internacional de cerámica (Interceramic), a manufacturer of flooring, tiles and home-installation materials based in Chihuahua, reached a definitive agreement to be acquired by Kohler, the Almeida family and other undisclosed investors, for MXN $8.64 billion. The company ceased to be publicly traded following this transaction.

Mexico's Guadalajara World Trade Center, a merchandise-logistics and e-commerce operator based in Guadalajara, reached a definitive agreement to be acquired by Grupo Aeroportuario del Pacífico (MEX: GAPB), for MXN $875.50 million.

Mexico's Dacomsa, an automotive-parts distributor based in Mexico City, reached a definitive agreement to be acquired by Brazil's Fras-le (BVMF: FRAS3), for BRL $2.10 billion.

Mexico's JP Sofiexpress, a sofipo based in Michoacán, reached a definitive agreement to be acquired by Didi Global, for an undisclosed amount.

U.S.-based International Land Alliance, a vacation-property investment firm in Mexico headquartered in San Diego, California, reached a definitive agreement to acquire 20 hectares of beachfront land in San Felipe, Baja California, for an undisclosed amount.

Canada's Lululemon, an international athletic-apparel distributor, reached a definitive agreement to acquire 15 points of sale from its franchisee Grupo Exalta, for an undisclosed amount.

Mexico's Outokumpu, a stainless-steel distributor based in Guadalajara, reached a definitive agreement to sell its distribution business to Prominox, for an undisclosed amount.

U.S.-based Direct TV, a telecommunications-services provider, reached a definitive agreement with Televisa to sell a 41.3% stake in Sky México, for an undisclosed amount.

Mexico's Thor Urbana, a real-estate developer and investment firm based in Mexico City, reached a definitive agreement to acquire the Bruma-Vinícola complex, for an undisclosed amount.

Uruguay's Megalabs, a pharmaceutical developer, reached a definitive agreement to acquire a majority stake in DS Laboratories, a dermatological-drug laboratory based in Mexico City, for an undisclosed amount.

Mexico's América Móvil (MEX:AMX B), a telecommunications-services provider, reached a definitive agreement to acquire Chile's ClaroVTR, for an undisclosed amount.

U.S.-based TJX and Grupo Axo, a distributor of apparel and accessories across multiple brands, announced a joint venture for expansion in Mexico.

China's BYD, an electric-vehicle manufacturer, announced its investment plans to open a plant in Mexico, with the transaction amount and location yet to be disclosed.

U.S.-based mining company Alamos Gold reached a definitive agreement to acquire the Santa Daniela project, located in Sonora and owned by Ranchero Gold, for USD $2.55 million.

A solar energy facility owned by Northland Power, located in Durango, was acquired by Cometa Energía for an estimated amount of USD $205 million.

Turkey's Teklas, a manufacturer of automotive fluid components, announced an investment to expand its plant in Aguascalientes for USD $8.00 million.

Spain's Red Arbor, an operator of a job-listing platform, reached a definitive agreement to acquire a majority stake in OCC México and Catho (a Brazilian company) for USD $85.00 million.

Mexico's Deacero reached a definitive agreement to acquire the Santa Daniela project, located in Sonora and owned by Ranchero Gold, for USD $2.55 million.

U.S.-based Proximity Parks, an industrial-space developer and investor specializing in enhanced logistics facilities, acquired a 4.90-hectare industrial park in Mexico City for USD $40.00 million.

Mexico's Buo, a developer of a digital platform for employee skills validation based in Mexico City, closed a funding round of USD $4.33 million with Kuiper and other undisclosed investors.

Mexico's eBombo, a software operator focused on human-resources management and employer-employee communication based in Mexico City, closed a funding round for an undisclosed amount with Evolution VC.

Mexico's Fertilidad Integral, a fertility-treatment assistance provider based in Mexico City, closed a funding round of USD $10.74 million with undisclosed investors.

Mexico's Mirlo, a telecommunications-services provider based in Mexico City, closed a funding round for an undisclosed amount with Carao Ventures.

Mexico's Nauta, a logistics-efficiency software operator based in Mexico City, closed a funding round for an undisclosed amount with Kuiper.

Mexico's Clip, a payment-systems operator based in Mexico City, closed a funding round of USD $100.00 million with Morgan Stanley.

Mexico's Laudex, a student-credit provider based in Mexico City, closed a funding round of USD $4.00 million with Triodos Investment Management.

Colombia's Retorna, a developer of a remittance-transfer application, closed a funding round of USD $170.00 thousand led by Impacta VC, Colectivo Jaguara, Amplifica Capital and Morro Ventures.

Mexico's Welbe, a health-focused software provider based in Mexico City, closed a funding round of USD $7.00 million with Volpe Capital.

Mexico's Aplazo, a deferred-payment services provider for online purchases based in Mexico City, closed a funding round of USD $70.00 million with QED Investors and Volpe Capital.

Mexico's Gluo, an e-commerce application and platform developer based in Monterrey, reached a definitive agreement to be acquired by Orium, through its financial sponsor Tercera, via a leveraged buyout (LBO), for an undisclosed amount.

Mexico's ESENTIA Energy Systems, a natural-gas provider based in Mexico City, reached a definitive agreement to acquire the Enagás station, located in Soto la Marina, Tamaulipas, through its financial sponsor Partners Group, for EUR $14.00 million, via a leveraged buyout (LBO).

U.S.-based Cyber Guards, a cybersecurity services provider, reached a definitive agreement to be acquired by Cybolt, via a leveraged buyout (LBO), for an undisclosed amount.

U.S.-based Idaho Package Company, a packaging-graphics provider, was acquired by BradyPLUS, through a leveraged buyout via its sponsor Fomento Económico Mexicano, for an undisclosed amount.

Almacenadora Afirme (MEX: AFIRALM) carried out the placement of short-term market securities (certificados bursátiles de corto plazo) for MXN $2,804.60 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa Base.

Arrendadora Afirme (MEX: AFIRMAR) carried out the placement of short-term market securities (certificados bursátiles de corto plazo) for MXN $972.33 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa Base.

Factoraje Afirme (MEX: AFIRFAC) carried out the placement of short-term market securities (certificados bursátiles de corto plazo) for MXN $143.02 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa Base.

Factoring Corporativo (MEX: FACTOR) completed the placement of short-term market securities for MXN $187.32 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa Base.

América Móvil (MEX: AMX) completed the placement of short-term market securities for MXN $1,274,727 million through Casa de Bolsa BBVA and Inverlat Casa de Bolsa.

Financiera Bepensa (MEX: FINBE) completed the placement of short-term market securities for MXN $500.00 million on the Bolsa Mexicana de Valores (BMV) through brokerage houses Actinver, Banorte and Intercam.

Ford Credit de México (MEX: FORD) completed the placement of short-term market securities for MXN $2,396.00 million on the Bolsa Mexicana de Valores (BMV) through Scotia Inverlat Casa de Bolsa and Casa de Bolsa Banorte.

GM Financial de México (MEX: GMFIN) completed the placement of short-term market securities for MXN $3,041.55 million on the Bolsa Mexicana de Valores (BMV) through Scotia Inverlat Casa de Bolsa and Casa de Bolsa Banorte.

Navistar Financial (MEX: NAVISTS) completed the placement of short-term market securities for MXN $350.00 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa BBVA México and Scotia Inverlat Casa de Bolsa.

NR Finance (MEX: NRF) completed the placement of short-term market securities for MXN $414.12 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa BBVA México.

Paccar Financial México (MEX: PCARFM) completed the placement of short-term market securities for MXN $1,965.76 million on the Bolsa Mexicana de Valores (BMV) through Scotia Inverlat Casa de Bolsa.

Start Banregio (MEX: START) completed the placement of short-term market securities for MXN $450.00 million on the Bolsa Mexicana de Valores (BMV) through Actinver Casa de Bolsa.

Toyota Financial Services México (MEX: TOYOTA) completed the placement of short-term market securities for MXN $284.00 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa BBVA México and Scotia Inverlat Casa de Bolsa.

Volkswagen Leasing (MEX: VWLEASE) completed the placement of short-term market securities for MXN $2,581.81 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa BBVA México and Scotia Inverlat Casa de Bolsa.

Grupo Minsa completed the placement of short-term market securities for MXN $200.00 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa Actinver, Banorte and Intercam.

Grupo Carso (MEX: GCARSOA1) completed the placement of long-term market securities for MXN $7,800.00 million on the Bolsa Mexicana de Valores (BMV) through Inbursa Casa de Bolsa.

France's Schneider Electric, a provider of energy and automation solutions, announced an investment of USD $29.40 million to open a plant in Nuevo León.

South Korea's INFAC, a producer of auto parts and electrical components for mobility, announced an investment of USD $6.00 million to expand its plant in Coahuila.

Mexico's Italika, a motorcycle manufacturer based in Mexico City, announced its investment plans of MXN $500.00 million to build a new plant in Jalisco.

Canada's Hammond Power Solutions announced its investment plans for USD $250 million to build a new plant in Nuevo León.

China's YOFC, a fiber-optic and electrical-components provider, announced an investment of USD $19.00 million to inaugurate a plant in Jalisco.

Germany's Audi, a high-end automobile manufacturer, announced an investment of EUR $1,000.00 million to inaugurate a plant focused on electromobility in Puebla.