M&A Newsletter — June 2020

Mexico's Circus Marketing, an agency that develops content and brand-image campaigns to enhance brand growth, was acquired by U.K.-based S4 Capital PLC.

Mexico's BioPapel, a paper-manufacturing company, acquired 35% of U.S.-based U.S. Corrugated Holdings.

Mexico's Herdez, a group focused on the food industry, acquired ice-cream chain Moyo for USD $10.3 million.

Mexico's Grupo Diagnóstico Aries, a clinical-laboratory company, acquired Laboratorios Dr. Moreira.

U.S.-based Equinix acquired three data centers from Mexico's Axtel for USD $175 million with the objective of strengthening its presence in key international markets and providing interconnection services across North, Central, and South America.

Mexico's First Kontact, a call-center operator based in Tijuana, was acquired by U.S.-based Advantage Communications, which seeks to expand its global presence and enhance service delivery to Spanish-speaking clients.

U.S.-based Santacruz Silver Mining acquired the La Pechuga mine in Zimapán, Mexico. The concession comprises 3,025 hectares located 25 kilometers southeast of the Zimapán mine.

Mexico's Grupo Gigante, a restaurant operator, acquired Taquerías El Farolito from Nexxus Capital.

Grupo Aeroportuario de la CDMX acquired 49% of the shares of Aeropuerto Internacional de Toluca from Aleática.

Mexico's Vista Oil & Gas acquired a majority equity stake in Aleph Midstream from Southern Cross Group.

Mexico's mining company Autlán acquired 75% of Spain's Cegasa Portable Energy, a manganese-dioxide producer.

Santander México acquired digital-payments platform Elavon México for USD $85 million.

Mexico's Apple Tree Group, a marketing and advertising services provider, was acquired by U.S.-based Quad.

Mexico's Dabarc Systems, a systems-consulting and data-services provider, was acquired by U.S.-based Data Migration Resources.

Mexico's Best Day Travel, a travel-services provider, was acquired for USD $136 million by Despegar.com.

The China-based structural automotive-components division of Metalsa was acquired by Martinera International (TSE: MRE) for USD$19.5 million.

ABC Leasing, an equipment- and vehicle-leasing company, was acquired by Mexico's Bepensa for USD$41.3 million.

Assurant and Discovery Americas sold 40% of their stake in IKE Asistencia, a provider of legal, medical and roadside assistance services, to an undisclosed buyer.

Mexico's Sonora Agropecuaria, a pork-products processing company, was acquired by Industrias Bachoco for an undisclosed amount.

The footwear adhesive products division of Henkel Mexicana was acquired by Worthen Industries for an undisclosed amount.

IoT Labs, a logistics tracking-services provider, was acquired by Iqstel (PINX: IQST) for an undisclosed amount.

The tools division of Quimmco Centro Tecnológico, a cutting-tools manufacturer in Mexico, was acquired by Seco Tools, a subsidiary of Sandvik (STO: SAND).

Comet Resources (ASX: CRL) acquired from El Alamo Resources the Santa Teresa gold mining project located in Baja California.

Mexico's Red de Carreteras de Occidente, the operator of the Guadalajara-Zapotlanejo and Maravatío-Zapotlanejo highways, was acquired by Abertis and the Government of Singapore Investment Corporation (GIC).

Atmosphera Verde, a plastic-recycling company based in Guadalajara, was acquired for an undisclosed amount by Directpackinc.

Mexico's Basha, a point-of-sale marketing services provider, was acquired by Stingray Digital Group (TSE: RAY.A) for an undisclosed amount.

Mexico's Zimmer Recycling, a metal-products recycler, was acquired by Steel Dynamics (NAS: STDL).

Mexico's Grupo Carso acquired an additional equity stake of 15.4% in Spain's FCC – Fomento de Construcciones y Contratas.

Chile's CMPC, a wood- and paper-products producer, acquired Mexico's Samcarasa, a subsidiary of Grupo Calidra.

U.S.-based Benchmark Elecronics sold its Guaymas, Sonora plant to U.S.-based Libra Industries.

Alta Growth Capital sold an equity stake in Amerimed Hospitals to RAG Capital Partners for USD$ 150 million. Amerimed is a hospital-services provider to medical tourism.

Mountain Nazca sold an equity stake in Kavak, an electronic platform for the sale of used cars, to SoftBank and General Atlantic.

Mexico's 99 Minutos, an e-commerce delivery-services company offering deliveries in under 99 minutes and GPS tracking, received US $150,000 in seed capital from U.S.-based Y Combinator.

Mexico's [Hotel](http://www.hotelguru.com) Guru, a digital-services provider for hotels seeking to build a community between technology experts and hospitality experts, received US $150,000 in seed capital from U.S.-based Y Combinator.

Mexico's Someone Somewhere, operator of an online store for handmade clothing and accessories aimed at supporting Mexican artisans, received a capital injection of $27 millones de pesos from DILA Capital, Soldiers Field Angels, GBM Ventures, Kalei Ventures, Unreasonable Capital and Promotora Social México.

Mexico's Resuelve Tu Deuda, a company that provides debt-management services for debtors and creditors, received a capital injection of $ 453 millones from DILA Capital, to be used to expand its presence in Europe and Latin America.

Mexico's Genius Foods, a manufacturer of nutritious food ingredients derived from organic waste such as mango peels and fruit seeds, received a capital injection from RedWood Ventures.

Mexico's Ancana, a third-party property-management company for rentals on AirbNb and other platforms, raised a financing round with NOA Albania, Ark Fund and Variv Capital.

Mexico's Uniko, a company that provides a digital platform to help couples receive wedding gifts, received a capital injection from 500 Startups.

Mexico's Alpha Credit, a non-bank financial institution, received a capital injection of USD $125 millones from SoftBank Group.

Mexico's Moons, a dental-services provider, received a capital injection from Y Combinator.

Mexico's ePesos, an electronic-payments platform, received a capital injection of USD$23 million from an undisclosed investor.

Mexico's Graviti, a company that develops solar water heaters and provides hot water to households in Mexico through a prepayment system, received a capital injection of USD $500,000 from GBM Ventures, Toushka Capital and 500 Startups.

Mexico's Virket, an information-technology company, received a capital injection of USD $1.7 million from IGNIA Partners.

Mexico's NTxBio, a company developing a platform for bio-information and bio-manufacturing, received a capital injection of USD $13 million from Anzu Partners.

Mexico's Fondeadora, a digital-banking services provider, received a capital injection from Y Combinator.

Mexico's Nexu, a company providing a digital platform for automotive financing, received a capital injection from Y Combinator.

Mexico's Oyster, a digital financial-services provider for SMEs, received a capital injection of USD$ 8.66 million from FinTech Collective.

Mexico's Aprende Institute, an educational-services provider, received a capital injection of USD$ 1.6 million from Angel Ventures, Artisan Media Group and 500 Startups.

Mexico's EVA, a company developing a non-invasive device for breast cancer detection, received a capital injection of USD $9.3 million from an undisclosed investor.

Mexico's TruHome, a company developing a digital platform for real-estate buying and selling, received a capital injection of USD $1.3 million from Class 5 Global.

Mexico's Super Seguros, a company offering property insurance coverage against earthquakes, received a capital injection of USD $2.33 million from Better Ventures.

Mexico's Flat.mx, a company providing a platform to facilitate real-estate buying and selling, received a capital injection of USD $5 million from ALLVP.

Mexico's Visor, a company providing information services to financial institutions, received a capital injection of USD $2.50 million from an undisclosed investor.

Mexico's LatAm Autos, a company operating classified-advertising services for automobile buying and selling, received a capital injection of USD $3.50 million from an undisclosed investor.

Mexico's Delt.ai, a digital-banking services provider, received a capital injection from Y Combinator.

Mexico's Heartbest Foods, a producer of dairy products and vegan cheeses, raised USD$2 million in capital from Blue Horizon.

Mexico's Worky, a human-resources software developer, raised USD$3 million in capital from QED and LEAP Global Partners.

Spain's Iberdrola Generación México, a company that develops, builds, operates and maintains power-generation plants, received a credit facility from BBVA Bancomer.

Mexico's Grupo Acosta Verde, a developer and operator of shopping centers in Mexico, was acquired for USD$200 million by Promecap through an LBO.

Bloom Farm, a Mexican blueberry producer, received a credit facility from Darby Overseas Investments.

Mexico's Credijusto, an SME lending platform, received a USD$ 100 million credit facility from Credit Suisse.

Mexico's NuZee, a coffee and tea products manufacturer based in Mazatlán, Mexico, entered into a joint venture with fellow Mexican company El Marino to produce coffee pods to be marketed to the latter's customer base.