M&A Newsletter — June 2021

Mexico's state-owned Pemex acquired from Royal Dutch Shell the remaining 50% of the shares (it already held 50%) of the Deer Park refinery, located in Texas, U.S.A., for USD $596.0 million. This is a refinery that processes crude oil from Mexico, the U.S., Canada, Africa and South Africa to produce gasoline, jet fuel, diesel and coke.

Mexico's Grupo Lauman, a media company and owner of the newspaper El Financiero, acquired from Fox Sports a sports television channel in Mexico.

Mexico's Grupo Verzatec, a manufacturer of fiberglass and plastics products, acquired the materials division of U.S.-based Crane (NYS: CR) for USD $360.0 million.

Finbond, a financial company based in South Africa, acquired 25% of the capital stock of Financiera Contigo for USD $18.8 million.

U.S.-based Agile Thought, a digital-transformation consultancy, acquired through a reverse merger the Mexico-based SPAC LIV Capital Acquisition for USD $205.0 million, whereby the combined company began trading on NASDAQ under the ticker AGIL.

Mexico's Toolplas Systems México, a manufacturer of plastic products for the automotive industry produced via injection molding, was acquired by Concours Technologies for an undisclosed amount.

Mexico's Nubila, a business intelligence and analytics software developer specialized in the oil industry, was acquired by Nybl for an undisclosed amount.

A 30% stake in Mexico's Traffic Tours, an operator of vacation tour and excursion services, was acquired by Transact A.T.

The Mexican operations of Irish-origin laboratory Perrigo were acquired by Advent International for an undisclosed amount.

Mexico's Ayalo, a developer of an artificial-intelligence platform designed to offer its clients' users a more engaging online shopping experience through social-media-specialized chatbots, closed a funding round of USD $50.0 million with B Capital Group, bringing the company's pre-money valuation to USD $475 million.

Kushki, a digital-payments platform set to transform the payments industry in Latin America, closed a funding round of USD $86.0 million led by SoftBank, DILA Capital and Kaszek.

Produce Pay, a financing and commerce platform focused on providing resources to the agricultural sector, closed a funding round of USD $43.0 million in which Mexico's Ignia Partners participated.

BeeJobs, an artificial-intelligence-based recruiting platform, closed a funding round of USD $48.0 million led by Capital Indigo.

AirTM, a payments platform for money transfers across different currencies, closed a funding round of USD $15.0 million with a group of funds including Ignia Partners, bringing the company's pre-money valuation to USD $45.0 million.

Clara, a software-development company serving the financial sector and specializing in credit cards, closed a funding round of USD $30.0 million with a group of funds including Kaszek and LatAm funds.

Mexico's Grupo Axo, owner and operator of multi-brand retail stores, closed a funding round for an undisclosed amount with BlackRock Private Equity Partners, providing the company with resources to invest in its expansion plan across Latin America.

RocketBot, a developer of a robotic process designed to provide its clients with a digital workforce, closed a funding round of USD $2.1 million in which Grupo Consorcio Ventures, CompuSoluciones, Manutara Ventures and Guadalajara Angel Investor Network participated.

The Four Seasons CDMX hotel, one of the most prestigious hotels in Mexico, received financing of USD $ 65.0 million from Caixa Bank to restructure its financial liabilities.

Mining companies Fresnillo (LON: FRES) and Ores Minerals (TSX: REX) formed a joint venture called Exploraciones y Desarrollos Mineros Coneto to provide gold and silver exploration services.