M&A Newsletter — June 2023

Talos Energy México, a Mexico City-based oil-field operator, reached a definitive agreement to sell a 49.9% stake in the Company to Grupo Carso (MEX: GCARSOA1) for USD $124.75 million.

Magistral del Oro Tailings Project, a gold mine based in Santa María del Oro, Durango, owned by Canada's Tarachi Gold (CNSX: TRG), was acquired by Compañía Minera Coronado for CAD $7.60 million.

Mexico's Consolid Mexico Holding, a Mexico City-based provider of travel services and content for global tourism companies, was acquired by Mondee (NAS: MOND) for MXN $5.00 million.

Mexico's Agencia TKBO, a Mexico City-based digital-marketing services provider, was acquired by Argentina's Globant (NYS: GLOB) for an undisclosed amount.

Canada's Kingsmen Resources (TSX: KNG) reached a definitive agreement to acquire Las Coloradas Project, a mining project based in Hidalgo del Parral, Chihuahua, owned by ASARCO (a subsidiary of Grupo México), for an undisclosed amount.

Neotrimental (a subsidiary of Grupo IMSA), a company dedicated to the production and commercialization of fumaric-acid food additives, was acquired by Orbia Advance (MEX: ORBIA) (a subsidiary of Kaluz) for an undisclosed amount.

Mexico's PASA, a provider of waterproofing and roofing solutions based in Cuautitlán, Estado de México, was acquired by Switzerland's Holcim (SWX: HOLN) for an undisclosed amount.

The low-voltage NEMA motors business based in Guadalajara, Jalisco, owned by Germany's Siemens (ETR: SIE), was acquired by multinational Swedish-Swiss ABB Group (SWX: ABBN) for an undisclosed amount.

A portfolio of construction, chemical aggregates and port-operations assets based in Newfoundland, Canada, owned by Canada's Atlantic Minerals, was acquired by Cemex (MEX: CEMEXCPO) for an undisclosed amount.

A mortar plant based in Madrid, Spain, owned by an undisclosed company, was acquired by Cemex (MEX: CEMEXCPO) for an undisclosed amount.

U.S.-based Digital Communications Technologies, a hardware manufacturer focused on telematics for heavy- and light-equipment fleets and data analytics based in Miami, Florida, was acquired by Qualitas Controladora (MEX: Q) for an undisclosed amount.

U.S.-based Los Altos Food Products, a producer of authentic Mexican cheeses for the North American consumer market based in California, reached a definitive agreement to be acquired by Mexico's Sigma Alimentos for an undisclosed amount.

The Mexico operations and brands of Belgium's Ontex were acquired by Chile's Softys, a developer of personal hygiene and cleaning products and owner of brands such as Elite, Ladysoft and Babysec, for USD $304.00 million.

Mexico's Kunzapp, a developer of enterprise software enabling companies to gain greater control and visibility over their technology stack based in Mexico City, joined Platanus Ventures as part of its batch 6 and received USD $100,000.00 in financing in the form of SAFE notes.

Mexico's Eva, a developer of non-invasive breast health technology designed to democratize access to early breast cancer risk assessment, closed a financing round of USD $5.40 million with undisclosed investors.

Mexico's Carbonno, an operator of a platform aimed at reducing carbon footprint based in Mexico City, closed a financing round for an undisclosed amount with Rumbo Ventures.

Mexico's Pitz, a developer of a sports platform designed to organize league tournaments for amateur players, joined Techstars as part of its Los Angeles JP Morgan 2023 March program and received funding in an undisclosed amount.

U.S.-based MediView, a developer of extended-reality surgical navigation technology designed to maximize the precision and efficacy of cancer therapies, closed a funding round of USD $15.00 million led by Cleveland Clinic, GE Healthcare and JobsOhio Growth Capital. Four additional investors also participated in this round.

Israel's dWallet Labs, operator of a Tel Aviv-based cybersecurity firm specializing in blockchain technology, closed a seed funding round of USD $7.50 million led by Blockchange Ventures, reaching a pre-money valuation of USD $250.00 million. Seven additional investors also participated in this round.

Chile's Hackmetrix, a developer of a cybersecurity platform designed to detect and prevent the possibility of web-page hacking, based in Santiago, closed a funding round in an undisclosed amount with Matterscale Ventures and Bridge Latam.

U.S.-based Kara, a developer of a data-infrastructure platform designed to help venture-capital investors assess their environmental and social impact, based in New York, closed a funding round in an undisclosed amount with Rumbo Ventures.

Colombia's Peakr, a developer of a digital platform for companies designed to manage their procurement department or strengthen their sales department, based in Cali, closed a funding round in an undisclosed amount with Carabela.

Mexico's Cinépolis, an operator of multiplex cinemas in the United States, the Middle East, Latin America and Europe, based in Morelia, Michoacán, closed a debt refinancing round of USD $1,020.00 million through a loan with Bank of China, BNP Paribas, HSBC México, BBVA México and Banco Santander.

Mexico's Kapital, a developer of a banking platform designed to achieve treasury visibility and control, based in Mexico City, closed a funding round of USD $175.00 million through a combination of convertible debt, SAFE notes and equity led by Tenacity Venture Capital, Niya Partners and Tribe Capital. Eighteen additional investors also participated in this round.

Mexico's Stori, a digital financial payment-services provider based in Mexico City, closed a debt financing round in the form of a credit facility for USD $50.00 million with Community Investment Management.

Mexico's Ekomercio, an electronic invoicing-services provider based in Mexico City, was acquired by U.S.-based Accel-KKR through an LBO for an undisclosed amount.

A portfolio of four oceanfront complexes based in Cancún, Quintana Roo, owned by Royal Resorts, was acquired by Holiday Inn Club Vacations (a subsidiary of IHG and Orange Lake Resorts) through an LBO for an undisclosed amount.

Almacenadora Afirme (MEX: AFIRALM) completed the placement of short-term market securities for MXN $2,473.38 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa Base.

Arrendadora Afirme (MEX: AFIRMAR) completed the placement of short-term market securities for MXN $1,405.54 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 $480.00 million on the Bolsa Mexicana de Valores (BMV) through Vector Casa de Bolsa.

Ford Credit de México (MEX: FORD) completed the placement of short-term market securities for MXN $1,637.00 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 $2,782.54 million on the Bolsa Mexicana de Valores (BMV) through Scotia Inverlat Casa de Bolsa and Casa de Bolsa Banorte.

Arrendadora Actinver (MEX: ARREACT) carried out the placement of short-term market securities for MXN $671.10 million on the Bolsa Mexicana de Valores (BMV) through Actinver Casa de Bolsa.

Navistar Financial (MEX: NAVISTS) carried out the placement of short-term market securities for MXN $387.00 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa BBVA México and Scotia Inverlat Casa de Bolsa.

Paccar Financial México (MEX: PCARFM) carried out the placement of short-term market securities for MXN $875.00 million on the Bolsa Mexicana de Valores (BMV) through Scotia Inverlat Casa de Bolsa.

Toyota Financial Services México (MEX: TOYOTA) carried out the placement of short-term market securities for MXN $1,452.50 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa BBVA México and Scotia Inverlat Casa de Bolsa.

Volkswagen Leasing (MEX: VWLEASE) carried out the placement of short-term market securities for MXN $4,464.76 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa BBVA México and Scotia Inverlat Casa de Bolsa.

Start Banregio (MEX: START) carried out the placement of short-term market securities for MXN $919.00 million on the Bolsa Mexicana de Valores (BMV) through Actinver Casa de Bolsa.

Cetelem (MEX: CETELEM) carried out the placement of short-term market securities for MXN $1,656.11 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa BBVA México.

Prologis Property México (MEX: FIBRAPL) carried out the placement of real estate investment trust certificates (CBFIs) for MXN $7,124.25 on the Bolsa Mexicana de Valores (BMV) through Citibanamex Casa de Bolsa, Casa de Bolsa BBVA México and Scotia Inverlat Casa de Bolsa.

Mercader Financial (MEX: MERCFIN) carried out the issuance of short-term market securities (certificados bursátiles) for MXN $188.62 million on the Bolsa Mexicana de Valores (BMV) through Intercam Casa de Bolsa and Casa de Bolsa Banorte.

Genomma Lab (MEX: LAB) carried out the issuance of short-term market securities (certificados bursátiles) for MXN $350.00 million and long-term market securities for MXN $229.62 million on the Bolsa Mexicana de Valores (BMV) through brokerage firms Actinver, Banorte, BBVA México, Intercam and Scotia Inverlat.

Grupo Carso (MEX: GCARSO) carried out the issuance of long-term market securities (certificados bursátiles) for MXN $4,500.00 million on the Bolsa Mexicana de Valores (BMV) through Inbursa Casa de Bolsa, Casa de Bolsa BBVA México and Casa de Bolsa Santander.

Compañía Minera Autlán (MEX: AUTLAN) carried out the issuance of market securities (certificados bursátiles) for MXN $100.00 million on the Bolsa Mexicana de Valores (BMV) through Actinver Casa de Bolsa and Intercam Casa de Bolsa.

Banco Mercantil del Norte (MEX: BANORTE) carried out the issuance of bank market securities (certificados bursátiles bancarios) for MXN $9,812.99 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa Banorte.

Financiera Bepensa (MEX: FINBE) carried out the issuance of short-term market securities (certificados bursátiles) for MXN $700.00 million on the Bolsa Mexicana de Valores (BMV) through Actinver Casa de Bolsa, Casa de Bolsa Banorte and Intercam Casa de Bolsa.

Proyectos Inmobiliarios Carne Mart (MEX: FNOVA) carried out the issuance of real estate trust market securities (certificados bursátiles fiduciarios inmobiliarios — CBFIs) for MXN $2,721.77 million on the Bolsa Mexicana de Valores (BMV) through GBM Casa de Bolsa.

Corporación Actinver (MEX: ACTINVR) carried out the issuance of market securities (certificados bursátiles) for MXN $200.00 million on the Bolsa Mexicana de Valores (BMV) through Actinver Casa de Bolsa.

Grupo Bimbo (MEX: BIMBO) carried out the placement of medium-term notes (certificados bursátiles) for MXN $15,000.00 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa BBVA México, Casa de Bolsa Santander and HSBC Casa de Bolsa.

Sofoplus (BIVA: SFPLUS) carried out the placement of short-term notes (certificados bursátiles de corto plazo) for MXN $66.50 million on the Bolsa Institucional de Valores (BIVA) through Casa de Bolsa Ve por Más, Vector Casa de Bolsa and Intercam Casa de Bolsa.

Fideicomiso Hipotecario (BIVA: FHIPO) carried out the placement of short-term fiduciary debt notes (certificados bursátiles fiduciarios de deuda de corto plazo) for MXN $100.00 million on the Bolsa Institucional de Valores (BIVA) through Banorte, Actinver, HSBC and BBVA México.

Glisco Partners (BIVA: GPI) carried out the placement of fiduciary investment-project notes (certificados bursátiles fiduciarios de proyectos de inversión) subject to the subscription-rights mechanism for MXN $4,373.37 million on the Bolsa Institucional de Valores (BIVA) through Casa de Bolsa Santander.

U.S.-based SAS, an advanced-analytics company, announced an investment of USD $1,000.00 million for the development of next-generation technology solutions. Of the announced investment, plans in Mexico focus on data science, statistics and SAS software development for consultants, systems engineers and marketing specialists.

Germany's DHL Express, an international logistics company, announced an investment of USD $120.00 million for the expansion and automation of its Domestic Air Operations Hub at the Aeropuerto de Querétaro.