M&A Newsletter — March 2024

A water-treatment plant based in the city of Puebla was acquired by Mexico's Rotoplas Servicios de Agua for an undisclosed amount.

Mexico's Alitech, operator of an artificial-intelligence-powered legal-document analysis platform based in Mexico City, was acquired by Legalario for an undisclosed amount.

Mexico's Asociación de Normalización y Certificación (a subsidiary of ANCE Estándares), a certification and standardization services provider for various industries, was acquired by France's Bureau Veritas for an undisclosed amount.

Mexico's Heolios EnTG, an energy-project operator based in Mexico City, was acquired by France's Engie for an undisclosed amount.

Mexico's Adelanta, operator of a payment-management platform for the real-estate industry based in Mexico City, was acquired by Ziff for an undisclosed amount.

Mexico's Exportadora de Sal, a salt producer, supplier and exporter based in Baja California, reached a definitive agreement with Fideicomiso De Fomento Minero for an undisclosed amount.

Mexico's Unlimited Vacations Group, a clubs-and-resorts operator based in Cancún, was acquired by undisclosed investors for USD $80.00 million.

Spain's Duro Felguera, a developer of projects for the energy, industrial, oil and gas sectors based in Gijón, was acquired by Mota-Engil and Prodi Group for an undisclosed amount.

Argentina's tumejoramigo, a pet walking, exercise and socialization services provider based in Oliva, was acquired by CuidaMiMascota for an undisclosed amount.

A stake in Mexico's Runa, an operator of payroll and human-resources software services based in Mexico City, owned by U.S.-based investment funds Evening Fund and Higher Order VC, was acquired for an undisclosed amount by undisclosed investors.

Mexico's Aero Charter de México, a provider of operational, technical and legal management services for airports based in Mexico City, was acquired by PrimeFlight Aviation Services, through its financial sponsors MidCap Financial Investment BDC, The Sterling Group and Main Street Capital BDC, among others, for an undisclosed amount.

Mexico's Vemo, an operator of a sustainable-mobility cleantech company based in Mexico City, closed a growth-equity financing round of USD $60.00 million with Orion Infrastructure Capital.

Mexico's Parrot, an operator of restaurant management software services based in Monterrey, closed a financing round of USD $2.50 million with undisclosed investors.

Mexico's Balam, a developer of a remittance-transfer platform based in Mexico City, closed a crowdfunding financing round of MXN $138,185.00.

Mexico's PoliBit, a developer of a real-estate investment platform based in Zacatecas, closed a financing round with Cacao Capital for an undisclosed amount.

Mexico's Red Efectiva, a provider of a real-time transaction services platform for financial services based in Monterrey, closed a growth-equity round with Andez Capital for an undisclosed amount.

Mexico's Techreo, an operator of a platform designed to offer financial services to unbanked customers based in Mexico City, closed a financing round of USD $3.40 million with G2 Momentum Capital and Creation Investments Capital Management.

Mexico's YAVE, a developer of a mortgage credit alternatives platform based in Mexico City, closed a financing round for USD $1.47 million with undisclosed investors.

Mexico's YoFio, a developer of a microcredit platform designed for purchases at informal stores based in Mexico City, closed a financing round for USD $10.00 million led by Oikocredit Ecumenical. Also participating were 500 Global, G2 Momentum Capital, Innogen Capital Ventures, Cauris and other undisclosed investors.

Mexico's Propel Foods, an operator of a frozen food brand based in Mexico City, closed a financing round for an undisclosed amount with Sustainable Food Ventures.

Mexico's Pay Human Group, a provider of recruitment and human resources management services based in Mexico City, closed a financing round for an undisclosed amount with MPG Fund.

Mexico's Nume, a developer of a monthly subscription platform for the purchase of contraceptives and access to medical consultation or sexual guidance based in San Pedro Garza García, Monterrey, closed a seed financing round with Paramo Partners for an undisclosed amount.

Mexico's Fibra Uno (MEX: FUNO), an operator and manager of real estate assets based in Mexico City, closed a financing round for an undisclosed amount with Third Point.

Colombia's Simetrik, a developer of a financial and accounting information reconciliation platform based in Bogotá, closed a financing round for USD $55.00 million with Morgan Stanley Asset Management. Also participating in this round were Fondo Mercado Libre and other undisclosed investors.

Argentina's Atlas, a Buenos Aires-based tax-compliance services provider for companies recruiting international contractors, closed a financing round of USD $2.75 million with Hi Ventures and other undisclosed investors.

Russia's Ubirator, a Moscow-based waste-management services provider promoting environmental stewardship, closed a financing round for an undisclosed amount with Zerno Ventures fund, ST Capital and other undisclosed investors.

Mexico's Beliveo, a Guadalajara-based customer-service and support outsourcing provider, was acquired by IntouchCX, through its financial sponsors Penfund Management, Trilantic North America and Ontario Teachers' Pension Plan, via an LBO for an undisclosed amount.

Mexico's PayPaga, a Monterrey-based developer of a business-to-business payments platform, was acquired by Andez Capital via an LBO for an undisclosed amount.

Mexico's Leadgenios, a Mexico City-based marketing company operator, was acquired by T2O Media via an LBO for an undisclosed amount.

Almacenadora Afirme (MEX: AFIRALM) carried out the placement of short-term market securities (certificados bursátiles de corto plazo) for MXN $1,240.36 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa Base.

Arrendadora Actinver (MEX: ARREACT) carried out the placement of short-term market securities (certificados bursátiles de corto plazo) for MXN $300.00 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa Actinver.

Arrendadora Afirme (MEX: AFIRMAR) carried out the placement of short-term market securities (certificados bursátiles de corto plazo) for MXN $393.41 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa Base.

Factoraje Afirme (MEX: AFIRFAC) carried out the placement of short-term securities certificates (certificados bursátiles de corto plazo) for MXN $64.15 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa Base.

Factoring Corporativo (MEX: FACTOR) carried out the placement of short-term securities certificates (certificados bursátiles de corto plazo) for MXN $187.37 million on the Bolsa Mexicana de Valores (BMV) through Vector Casa de Bolsa.

América Móvil (MEX: AMX) carried out the placement of short-term securities certificates (certificados bursátiles de corto plazo) for MXN $702.22 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa BBVA México.

Navistar Financial (MEX: NAVISTS) carried out the placement of short-term securities certificates (certificados bursátiles de corto plazo) for MXN $302.70 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa BBVA México and Scotia Inverlat Casa de Bolsa.

Ford Credit de México (MEX: FORD) carried out the placement of short-term securities certificates (certificados bursátiles de corto plazo) for MXN $1,020.00 million on the Bolsa Mexicana de Valores (BMV) through Scotia Inverlat Casa de Bolsa and Casa de Bolsa Banorte.

Elektra (MEX: ELEKTRA) carried out the placement of short-term securities certificates (certificados bursátiles de corto plazo) for MXN $1,500.00 million on the Bolsa Mexicana de Valores (BMV) through Actinver, Punto Casa de Bolsa, and Intercam.

Financiera Bepensa (MEX: FINBE) carried out the placement of short-term securities certificates (certificados bursátiles de corto plazo) for MXN $500.00 million on the Bolsa Mexicana de Valores (BMV) through broker-dealers Actinver, Banorte, and Intercam.

Toyota Financial Services México (MEX: TOYOTA) carried out the placement of short-term securities certificates (certificados bursátiles de corto plazo) for MXN $660.00 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa BBVA México and Scotia Inverlat Casa de Bolsa.

NR Finance México (MEX: NRF) completed the placement of short-term market securities (certificados bursátiles) for MXN $5,700.00 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa BBVA México and Scotia Inverlat Casa de Bolsa.

GM Financial de México (MEX: GMFIN) completed the placement of short-term market securities (certificados bursátiles) for MXN $2,200.00 million on the Bolsa Mexicana de Valores (BMV) through Scotia Inverlat Casa de Bolsa and Casa de Bolsa Banorte.

Volkswagen Leasing (MEX: VWLEASE) completed the placement of short-term market securities (certificados bursátiles) for MXN $1,639.31 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) completed the placement of short-term market securities (certificados bursátiles) for MXN $2,459.00 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 (certificados bursátiles) for MXN $733.00 million on the Bolsa Mexicana de Valores (BMV) through Actinver Casa de Bolsa.

Scotiabank Inverlat completed the placement of short-term market securities (certificados bursátiles) for MXN $10,000.00 million on the Bolsa Mexicana de Valores (BMV) through Scotia Inverlat Casa de Bolsa.

Mexico's BBB Foods (NYS: TBBB), operator of Tiendas Tres B, Tiendas BBB and Desarrolladora Tres B S.A., completed its initial public offering (IPO) on the New York Stock Exchange (NYSE), raising USD $677.42 million.

India's Zoho Corporation, a developer of cloud-based services and applications for businesses, inaugurated new offices in the state of Querétaro, which will serve as the firm's headquarters for operations in Latin America.

Italy's Mail Boxes ETC., a global logistics services provider, plans to open eight new franchises in the country, the first of which will be located in Ciudad Obregón, Sonora.

U.S.-based Hy Cite, an operator of direct-rental services including kitchen brands such as Royal Prestige, inaugurated its first office in the country in Guadalajara, Jalisco, with the aim of expanding its presence in Latin America.

Mexico's Grupo Bafar (MEX: BAFARB), one of the largest producers and distributors of processed-meat products in the country, inaugurated a new pepperoni production plant in La Piedad, Michoacán, following an investment of MXN $550.00 million.

Mexico's Hospitales MAC, an operator of a hospital chain with a presence across various states of the country, inaugurated its 21st hospital in Mexico City, following an investment of MXN $1,000.00 million.

Dominican Republic's Evergo, an electric-vehicle charging station provider, announced investment plans of USD $400.00 million to expand its charging-port network across the country's major cities.

U.S.-based Avertium, an Arizona-based cybersecurity services provider, announced the launch of its operations in Mexico, following an investment of MXN $64.00 million.

Mexico's Scouter, a startup that has developed a platform enabling hourly rental of spaces for artistic project creation, announced its expansion plans to Miami, U.S., following significant growth in Mexico.

GRUPO TRAXIÓN (TRAXIONA) completed the placement of short-term marketable securities (certificados bursátiles de corto plazo) for MXN $100.00 million on the Bolsa Institucional de Valores (BIVA), through Actinver.

The Necaxa - Tihuatlán highway carried out the placement of fiduciary securities certificates for MXN $1,400.00 million on the Bolsa Institucional de Valores (BIVA), through CI Banco.

El Fondo de Garantía y Fomento para la Agricultura, Ganadería y Avicultura carried out the placement of short-term fiduciary securities certificates for MXN $167.89 million on the Bolsa Institucional de Valores (BIVA), through Casa de Bolsa BBVA México, Scotia Inverlat Casa de Bolsa and Actinver.

Mexico's Ollamani, the holding company that operates through its subsidiary Football Business, owner of Club América, was spun off from Televisa and listed on the Bolsa Mexicana de Valores (BMV) under the ticker AGUILAS.