M&A Newsletter — June 2020
Transactions for the period
63 entries- S4 Capital PLC→Circus MarketingServicesUnited Kingdom
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.
- BioPapel→U.S. Corrugated HoldingsManufacturingMexico
Mexico's BioPapel, a paper-manufacturing company, acquired 35% of U.S.-based U.S. Corrugated Holdings.
- Herdez→MoyoUSD $10.3 millonesFood & BeverageMexico
Mexico's Herdez, a group focused on the food industry, acquired ice-cream chain Moyo for USD $10.3 million.
- Grupo Diagnóstico Aries→Laboratorios Dr. MoreiraHealthcareMexico
Mexico's Grupo Diagnóstico Aries, a clinical-laboratory company, acquired Laboratorios Dr. Moreira.
- Equinix→Axtel (tres data centers)USD $175 millonesTechnologyUnited States
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.
- Advantage Communications→First KontactServicesUnited States
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.
- Santacruz Silver Mining→Mina La PechugaMiningUnited States
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.
- Grupo Gigante→Taquerías El FarolitoFood & BeverageMexico
Mexico's Grupo Gigante, a restaurant operator, acquired Taquerías El Farolito from Nexxus Capital.
- Grupo Aeroportuario de la CDMX→Aeropuerto Internacional de TolucaTransportationMexico
Grupo Aeroportuario de la CDMX acquired 49% of the shares of Aeropuerto Internacional de Toluca from Aleática.
- Vista Oil & Gas→Aleph MidstreamEnergyMexico
Mexico's Vista Oil & Gas acquired a majority equity stake in Aleph Midstream from Southern Cross Group.
- Autlán→Cegasa Portable EnergyManufacturingMexico
Mexico's mining company Autlán acquired 75% of Spain's Cegasa Portable Energy, a manganese-dioxide producer.
- Santander México→Elavon MéxicoUSD $85 millonesFintechMexico
Santander México acquired digital-payments platform Elavon México for USD $85 million.
- Quad→Apple Tree GroupServicesUnited States
Mexico's Apple Tree Group, a marketing and advertising services provider, was acquired by U.S.-based Quad.
- Data Migration Resources→Dabarc SystemsTechnologyUnited States
Mexico's Dabarc Systems, a systems-consulting and data-services provider, was acquired by U.S.-based Data Migration Resources.
- Despegar.com→Best Day TravelUSD $136 millonesTourism
Mexico's Best Day Travel, a travel-services provider, was acquired for USD $136 million by Despegar.com.
- Martinera InternationalTSE: MRE→División de componentes estructurales para automóviles de Metalsa basada en ChinaUSD$19.5 millonesAutomotive
The China-based structural automotive-components division of Metalsa was acquired by Martinera International (TSE: MRE) for USD$19.5 million.
- Bepensa→ABC LeasingUSD$41.3 millonesFinanceMexico
ABC Leasing, an equipment- and vehicle-leasing company, was acquired by Mexico's Bepensa for USD$41.3 million.
- Comprador no revelado→IKE Asistencia (40% de participación)Services
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.
- Industrias Bachoco→Sonora AgropecuariaAgribusiness
Mexico's Sonora Agropecuaria, a pork-products processing company, was acquired by Industrias Bachoco for an undisclosed amount.
- Worthen Industries→División de productos adhesivos para calzado de Henkel MexicanaManufacturing
The footwear adhesive products division of Henkel Mexicana was acquired by Worthen Industries for an undisclosed amount.
- IqstelPINX: IQST→IoT LabsLogistics
IoT Labs, a logistics tracking-services provider, was acquired by Iqstel (PINX: IQST) for an undisclosed amount.
- Seco Tools→División de herramientas de Quimmco Centro TecnológicoManufacturing
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 ResourcesASX: CRL→Proyecto minero Santa TeresaMining
Comet Resources (ASX: CRL) acquired from El Alamo Resources the Santa Teresa gold mining project located in Baja California.
- Abertis y Government of Singapore Investment Corporation (GIC)→Red de Carreteras de OccidenteTransportation
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).
- Directpackinc→Atmosphera VerdeManufacturing
Atmosphera Verde, a plastic-recycling company based in Guadalajara, was acquired for an undisclosed amount by Directpackinc.
- Stingray Digital GroupTSE: RAY.A→BashaServices
Mexico's Basha, a point-of-sale marketing services provider, was acquired by Stingray Digital Group (TSE: RAY.A) for an undisclosed amount.
- Steel DynamicsNAS: STDL→Zimmer RecyclingManufacturing
Mexico's Zimmer Recycling, a metal-products recycler, was acquired by Steel Dynamics (NAS: STDL).
- Grupo Carso→FCC – Fomento de Construcciones y Contratas (15.4% adicional)Construction MaterialsMexico
Mexico's Grupo Carso acquired an additional equity stake of 15.4% in Spain's FCC – Fomento de Construcciones y Contratas.
- CMPC→SamcarasaManufacturing
Chile's CMPC, a wood- and paper-products producer, acquired Mexico's Samcarasa, a subsidiary of Grupo Calidra.
- Libra Industries→Planta de Guaymas, Sonora (Benchmark Electronics)ManufacturingUnited States
U.S.-based Benchmark Elecronics sold its Guaymas, Sonora plant to U.S.-based Libra Industries.
- RAG Capital Partners→Amerimed HospitalsUSD$ 150 millonesHealthcare
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.
- SoftBank y General Atlantic→KavakTechnology
Mountain Nazca sold an equity stake in Kavak, an electronic platform for the sale of used cars, to SoftBank and General Atlantic.
- Y Combinator→99 MinutosUS $150,000LogisticsUnited States
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.
- Y Combinator→Hotel GuruUS $150,000TechnologyUnited States
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.
- DILA Capital, Soldiers Field Angels, GBM Ventures, Kalei Ventures, Unreasonable Capital y Promotora Social México→Someone Somewhere$27 millones de pesosRetail
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.
- DILA Capital→Resuelve Tu Deuda$453 millonesFinance
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.
- RedWood Ventures→Genius FoodsFood & Beverage
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.
- NOA Albania, Ark Fund y Variv Capital→AncanaReal Estate
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.
- 500 Startups→UnikoTechnology
Mexico's Uniko, a company that provides a digital platform to help couples receive wedding gifts, received a capital injection from 500 Startups.
- SoftBank Group→Alpha CreditUSD $125 millonesFinanceJapan
Mexico's Alpha Credit, a non-bank financial institution, received a capital injection of USD $125 millones from SoftBank Group.
- Y Combinator→MoonsHealthcare
Mexico's Moons, a dental-services provider, received a capital injection from Y Combinator.
- Inversionista no revelado→ePesosUSD$23 millonesFintech
Mexico's ePesos, an electronic-payments platform, received a capital injection of USD$23 million from an undisclosed investor.
- GBM Ventures, Toushka Capital y 500 Startups→GravitiUSD $500,000Energy
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.
- IGNIA Partners→VirketUSD $1.7 millonesTechnology
Mexico's Virket, an information-technology company, received a capital injection of USD $1.7 million from IGNIA Partners.
- Anzu Partners→NTxBioUSD $13 millonesTechnology
Mexico's NTxBio, a company developing a platform for bio-information and bio-manufacturing, received a capital injection of USD $13 million from Anzu Partners.
- Y Combinator→FondeadoraFintech
Mexico's Fondeadora, a digital-banking services provider, received a capital injection from Y Combinator.
- Y Combinator→NexuFintech
Mexico's Nexu, a company providing a digital platform for automotive financing, received a capital injection from Y Combinator.
- FinTech Collective→OysterUSD$ 8.66 millonesFintech
Mexico's Oyster, a digital financial-services provider for SMEs, received a capital injection of USD$ 8.66 million from FinTech Collective.
- Angel Ventures, Artisan Media Group y 500 Startups→Aprende InstituteUSD$ 1.6 millonesEducation
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.
- Inversionista no revelado→EVAUSD $9.3 millonesHealthcare
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.
- Class 5 Global→TruHomeUSD $1.3 millonesReal Estate
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.
- Better Ventures→Super SegurosUSD $2.33 millonesInsurance
Mexico's Super Seguros, a company offering property insurance coverage against earthquakes, received a capital injection of USD $2.33 million from Better Ventures.
- ALLVP→Flat.mxUSD $5 millonesReal Estate
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.
- Inversionista no revelado→VisorUSD $2.50 millonesFinance
Mexico's Visor, a company providing information services to financial institutions, received a capital injection of USD $2.50 million from an undisclosed investor.
- Inversionista no revelado→LatAm AutosUSD $3.50 millonesAutomotive
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.
- Y Combinator→Delt.aiFintech
Mexico's Delt.ai, a digital-banking services provider, received a capital injection from Y Combinator.
- Blue Horizon→Heartbest FoodsUSD$2 millonesFood & Beverage
Mexico's Heartbest Foods, a producer of dairy products and vegan cheeses, raised USD$2 million in capital from Blue Horizon.
- QED y LEAP Global Partners→WorkyUSD$3 millonesTechnology
Mexico's Worky, a human-resources software developer, raised USD$3 million in capital from QED and LEAP Global Partners.
- BBVA Bancomer→Iberdrola Generación MéxicoEnergy
Spain's Iberdrola Generación México, a company that develops, builds, operates and maintains power-generation plants, received a credit facility from BBVA Bancomer.
- Promecap→Grupo Acosta VerdeUSD$200 millonesReal Estate
Mexico's Grupo Acosta Verde, a developer and operator of shopping centers in Mexico, was acquired for USD$200 million by Promecap through an LBO.
- Darby Overseas Investments→Bloom FarmAgribusiness
Bloom Farm, a Mexican blueberry producer, received a credit facility from Darby Overseas Investments.
- Credit Suisse→CredijustoUSD$ 100 millonesFintech
Mexico's Credijusto, an SME lending platform, received a USD$ 100 million credit facility from Credit Suisse.
- NuZee→El MarinoFood & BeverageMexico
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.
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