M&A Newsletter — March 2026

U.S.-based TransUnion (NYSE: TRU), a global credit-information and data-solutions company, reached a definitive agreement to acquire Buró de Crédito, a Mexican financial-technology company focused on credit-information management, headquartered in Mexico City. The transaction amount was MXN $11.4 billion.

Mexico's Finsa, a developer and operator of industrial parks and logistics assets in Mexico, headquartered in Monterrey, reached a definitive agreement to acquire three logistics buildings from Affinius Capital, a U.S. developer of industrial real-estate assets, located in Hidalgo. The transaction amount was USD $434 million.

Mexico's Proyectos Globales de Energía y Servicios CME, an energy-services provider focused on offshore operations, headquartered in Mexico City, reached a definitive agreement to acquire Fontis Finance, a Mexican operator of oil-drilling platforms. The transaction amount was USD $400 million.

Canada's Silver Viper Minerals (TSX: VIPR), a mining company focused on precious-metals exploration, reached a definitive agreement to acquire the Coneto Silver-Gold Project from Fresnillo (LON: FRES), a Mexican gold and silver mining project located in Durango, Mexico. The transaction amount was CAD $20.42 million.

China's Jinsheng Mexico Industrial, a Huawei subsidiary and industrial manufacturer focused on automotive components, reached a definitive agreement to acquire Mssc Mfg Mexicana, a Mitsubishi Steel subsidiary and Mexican manufacturer of automotive steering and suspension systems, headquartered in Aguascalientes. The transaction amount was USD $6.6 million.

Canada's Questcorp Mining (CNQ: QQQ), a mining company focused on resource exploration, reached a definitive agreement to acquire the La Union Project from Pacific Comox Resources, a Mexican mining-concession portfolio located in Sonora, Mexico. The transaction amount was USD $0.18 million.

U.S.-based Veza Manufacturing, an industrial manufacturer focused on wiring and electrical-assembly solutions, reached a definitive agreement to acquire the manufacturing-operations division of Tornik, a Mexican manufacturer of electrical cables and harnesses headquartered in Tijuana. The transaction amount was not disclosed.

Mexico's Serviacero, a manufacturer and distributor of steel products focused on industrial solutions, headquartered in Guanajuato, reached a definitive agreement to acquire Grupo Empresarial Relesa, a Spanish manufacturer of industrial metal gratings. It also reached a definitive agreement to acquire a rail site from Gulf Inland Logistics Park, a logistics asset located in Dayton, Texas, United States. The transaction amounts were not disclosed.

Mexico's Grupo Verzatec, a manufacturer of plastic profiles and solutions for the furniture industry, headquartered in Nuevo León, reached a definitive agreement to acquire Ultratech Extrusions, a U.S. manufacturer of furniture finishing products headquartered in Tennessee, United States. The transaction amount was not disclosed.

U.S.-based Pepper, a technology platform focused on digital order-management solutions for the restaurant industry, reached a definitive agreement to acquire Alima, a Mexican developer of a digital platform for fruit and vegetable orders, headquartered in Mexico City. The transaction amount was not disclosed.

France's Advanced Machine Intelligence, a developer of AI systems focused on modeling real-world environments, closed a venture-capital round of USD $1,030 million. The round was led by Cathay Innovation, Greycroft and Hiro Capital, with participation from the Mexican fund AC Ventures, headquartered in Mexico City, among other investors.

Mexico's ARQ, a financial platform focused on access to digital dollars in Latin America, headquartered in Mexico City, closed a venture-capital round of USD $70 million. The round was led by Sequoia Capital, with participation from Kaszek and Founders Fund, among other investors.

Mexico's Sistema.bio, a manufacturer of modular biodigester systems for renewable-energy production, headquartered in Mexico City, closed a venture-capital round of USD $53 million. The round was led by Shell Foundation, BNP Paribas Asset Management and British International Investment, with participation from other investors.

U.S.-based XFX, a developer of a real-time international-transactions platform, closed a Series A venture-capital round of USD $17 million. The round was led by Castle Island Ventures, with participation from the Mexican fund Bitso, headquartered in Mexico City, among other investors.

U.S.-based EFEX, a developer of international-payments software, closed a seed venture-capital round of USD $10.61 million. The round was led by PayPal Ventures and Floodgate, with participation from the Mexican funds 99 Startups and 500 Startups Latam, headquartered in Mexico City, among other investors.

U.S.-based Mezcla, a producer of plant-based snacks, closed a Series B venture-capital round of USD $9.5 million. The round was led by Bluestein Ventures, with participation from Redwood Capital Partners, headquartered in Mexico City, among other investors.

Mexico's Meddi, a technology platform focused on corporate-health management, headquartered in Jalisco, closed a venture-capital round of MXN $137 million. The round was led by the Mexican fund Grupo Nacional Provincial, headquartered in Mexico City.

U.S.-based Handle, a developer of an AI platform focused on email automation, closed a seed venture-capital round of USD $6 million. The round was led by Andreessen Horowitz, with participation from the Mexican fund Dalus Capital, headquartered in Mexico City, among other investors.

Brazil's Backchannel, a technology platform focused on the purchase and sale of surplus inventory between companies, closed a seed venture-capital round of BRL $25 million. The round was led by Sunna Ventures, with participation from the Mexican fund IGNIA, headquartered in Mexico City, among other investors.

Brazil's Pareto, a developer of AI tools for marketing automation, closed a seed venture-capital round of BRL $25 million. The round was led by Hi Ventures, headquartered in Mexico City, with participation from other investors.

U.S.-based Metabix Biotech, a developer of biotechnology software focused on disease prevention, closed a venture-capital round of USD $2.3 million. The round was led by the Mexican fund Dalus Capital, headquartered in Mexico City, and EWA Capital, with participation from other investors.

Colombia's Cifrato, a technology platform focused on AI-driven accounting automation, closed a seed venture-capital round of USD $1 million. The round was led by Y Combinator, with participation from the Mexican fund Kuiper, headquartered in Mexico City, among other investors.

Mexico's We Book You, a digital platform focused on corporate-travel management, headquartered in Mexico City, closed a pre-seed venture-capital round of USD $0.3 million. The round was led by the Mexican fund Cacao Capital, with participation from Right Side Capital Management.

Mexico's Batech, a technology platform focused on AI-driven video-surveillance monitoring and analysis, headquartered in Querétaro, closed a venture-capital round for an undisclosed amount. The round was led by Enlaces, with participation from other investors.

Argentina's ALKEMIO, a developer of technology focused on metal recycling from electronic waste, closed a venture-capital round for an undisclosed amount. The round was led by the Mexican fund Dalus Capital, headquartered in Mexico City, with participation from VX Ventures.

Mexico's Agropecuaria Santa Genoveva, an operator of teak plantations and tropical-timber processing, headquartered in Campeche, obtained debt financing of USD $72 million to support its expansion as a regional timber producer. The investor was not disclosed.

Mexico's Commando, an operator of boutique fitness studios headquartered in Mexico City, reached a definitive agreement to acquire Lapso Studios, a Spanish operator of indoor-cycling studios focused on fitness experiences, through a leveraged buyout (LBO) financed by ACON Investments. The transaction amount was not disclosed.

Mexican investment firm ALZA Capital Partners, a private-equity firm focused on software and technology investments headquartered in Monterrey, reached a definitive agreement to acquire Wordplex - IT Legal Solutions, a Spanish provider of technology solutions and legal software, through a leveraged buyout (LBO). The transaction amount was not disclosed.

Mexico's Fibra Mty (FRA: B8Q), a real-estate investment trust focused on industrial and office assets, headquartered in Monterrey, received growth capital through a private placement (PIPE) of MXN $7.5 billion, with participation from undisclosed investors.

U.S.-based West Enclave Merger Corp. (NYSE: WENC.U), a special-purpose acquisition company (SPAC) with operations in Mexico and headquartered in Mexico City, announced its intention to go public on the New York Stock Exchange through an initial public offering (IPO) of USD $100 million.

Mexico's Orlegi Sports, an operator of sports clubs and athletic-development platforms, headquartered in Mexico City, reached a definitive agreement to form a joint venture with Coppermine Health and Fitness, a U.S. operator of sports facilities and youth programs. The transaction amount was not disclosed.

Grupo Aeroportuario del Pacífico (MEX: GAP) carried out a placement of long-term notes (certificados bursátiles) for MXN $10,718.00 million on the Mexican Stock Exchange (BMV) through BBVA, Santander and Inverlat as placement agents.

Kimberly-Clark de México (MEX: KIMBER) carried out a placement of long-term notes (certificados bursátiles) for MXN $10,000.00 million on the Mexican Stock Exchange (BMV) through HSBC, Santander and Inverlat as placement agents.

Afirme Almacenadora (MEX: AFIRALM) carried out a placement of short-term notes (certificados bursátiles) for MXN $5,047.21 million on the Mexican Stock Exchange (BMV) through Casa de Bolsa Base as placement agent.

GM Financial (MEX: GMFIN) carried out a placement of short-term notes (certificados bursátiles) for MXN $3,990.56 million on the Mexican Stock Exchange (BMV) through Inverlat and Banorte as placement agents.

CFE (MEX: CFE) carried out a placement of short-term notes (certificados bursátiles) for MXN $3,245.00 million on the Mexican Stock Exchange (BMV) through Banorte, BBVA and Inverlat as placement agents.

América Móvil (MEX: AMXB) carried out a placement of short-term notes (certificados bursátiles) for MXN $2,915.77 million on the Mexican Stock Exchange (BMV) through BBVA as placement agent.

Volkswagen Leasing (MEX: VWLEASE) carried out a placement of short-term notes (certificados bursátiles) for MXN $2,240.90 million on the Mexican Stock Exchange (BMV) through BBVA and Inverlat as placement agents.

Start Banregio (MEX: START) carried out a placement of short-term notes (certificados bursátiles) for MXN $1,839.00 million on the Mexican Stock Exchange (BMV) through Actinver as placement agent.

Banco Santander México (MEX: BSMX) carried out a placement of short-term notes (certificados bursátiles) for MXN $1,800.00 million on the Mexican Stock Exchange (BMV) through Casa de Bolsa Santander as placement agent.

NR Finance (MEX: NRF) carried out a placement of short-term notes (certificados bursátiles) for MXN $1,246.61 million on the Mexican Stock Exchange (BMV) through BBVA as placement agent.

Ford Credit (MEX: FORD) carried out a placement of short-term notes (certificados bursátiles) for MXN $890.00 million on the Mexican Stock Exchange (BMV) through Inverlat and Banorte as placement agents.

Financiera Bepensa (MEX: FINBE) carried out a placement of short-term notes (certificados bursátiles) for MXN $700.00 million on the Mexican Stock Exchange (BMV) through Actinver and Banorte as placement agents.

Portafolio de Negocios (MEX: PDN) carried out a placement of short-term notes (certificados bursátiles) for MXN $300.00 million on the Mexican Stock Exchange (BMV) through Banorte as placement agent.

Montepío Luz Saviñón (MEX: MONTPIO) carried out a placement of short-term notes (certificados bursátiles) for MXN $300.00 million on the Mexican Stock Exchange (BMV) through Actinver and Banorte as placement agents.

Sofo Plus (MEX: SFPLUS) carried out a placement of short-term notes (certificados bursátiles) for MXN $230.00 million on the Mexican Stock Exchange (BMV) through Banorte Ve por Más and Kapital México as placement agents.

Grupo Hyc (MEX: HYCSA) carried out a placement of long-term notes (certificados bursátiles) for MXN $200.00 million on the Mexican Stock Exchange (BMV) through Actinver and Banorte as placement agents.

Paccar Financial (MEX: PCARFM) carried out a placement of short-term notes (certificados bursátiles) for MXN $200.00 million on the Mexican Stock Exchange (BMV) through Inverlat as placement agent.

Genomma Lab (MEX: LAB) carried out a placement of short-term notes (certificados bursátiles) for MXN $150.00 million on the Mexican Stock Exchange (BMV) through Actinver and BBVA as placement agents.

Mercader Financial (MEX: MERCFIN) carried out a placement of short-term notes (certificados bursátiles) for MXN $133.93 million on the Mexican Stock Exchange (BMV) through Banorte as placement agent.

Grupo Minsa (MEX: MINSA) carried out a placement of short-term notes (certificados bursátiles) for MXN $109.75 million on the Mexican Stock Exchange (BMV) through Actinver and Banorte as placement agents.

Almacenadora Mercader (MEX: ALMER) carried out a placement of short-term notes (certificados bursátiles) for MXN $74.72 million on the Mexican Stock Exchange (BMV) through Actinver and Banorte as placement agents.

BBVA (MEX: BACOMER) carried out a placement of short-term notes (certificados bursátiles) for MXN $10.00 million on the Mexican Stock Exchange (BMV) through BBVA as placement agent.