M&A Newsletter — May 2023

Mexico's Minas de San Nicolás, a copper and zinc mining project based in Zacatecas owned by Canada's Teck Resources (TSE: TECK.B), was acquired by Agnico Eagle Mines (TSE: AEM) for USD $580.00 million.

Mexico's NetPay, a payment and collections services provider focused on transforming payment methods in Mexico, based in Mexico City, was acquired by Fomento Económico Mexicano (MEX: FEMSAD) for an undisclosed amount.

Mexico's Trafalgar Digital, a developer of an electronic payments application designed to streamline payment processes and prevent fraudulent activity, based in Mexico City, was acquired by Walmart de México y Centroamérica (MEX: WALMEX) for an undisclosed amount.

A pork-processing plant based in Apizaco, Tlaxcala, owned by Viansa Alimentos, was acquired by Grupo Viz (SuKarne) for an undisclosed amount.

Mexico's Planigrupo, a company dedicated to the development, design, construction, leasing, operation and management of shopping centers in Mexico, was acquired by Grupo México S.A.B. (MEX: GMEXICOB) for MXN $4,700.00 million.

Canada's Natural Bakery, a bakery operator based in Winnipeg, Manitoba, was acquired by Grupo Bimbo (MEX: BIMBOA) for an undisclosed amount.

Brazil's Skilopay, an operator of a financial-technology platform designed to offer payment solutions to individuals and businesses, based in Bahia, was acquired by Belvo for an undisclosed amount.

Mexico's Clara, a developer of an expense-management platform for companies in Latin America, based in Mexico City, closed a funding round of USD $60.00 million led by GGV Capital. Also participating in this round were Citi Ventures, Endeavor Catalyst, Goanna Capital, Coatue Management and Bossanova Investimentos, among others.

Mexico's Skills.tech, a developer of an online educational platform designed to help its clients learn data analytics, based in Monterrey, Nuevo León, joined Berkeley SkyDeck as part of its Batch 15 and received funding of USD $200,000.00.

Mexico's Worqout, an operator of a fitness platform designed for a healthy lifestyle, based in Mexico City, joined Berkeley SkyDeck as part of its Batch 15 and received funding of USD $200,000.00.

Galactic Holdings, a developer of a cryptocurrency financial platform in Latin America, based in Mexico City, closed a seed funding round of USD $10.00 million led by BAI Capital and Animoca Brands. Head & Shoulders Financial Group and five other investors also participated in this round.

Mexico's Ridian, a developer of an investment platform through blockchain technology, based in Mexico City, closed a funding round of USD $6.20 million with Nazca.

Mexico's Appaguitos, a payment-gateway provider for prepaid installments with and without a credit card, based in Mexico City, closed a funding round of USD $1.00 million with undisclosed investors.

Mexico's Ben & Frank, an operator of an eyewear brand aimed at transforming the traditional eyewear shopping experience through a customer-centric approach, based in Mexico City, closed a funding round for an undisclosed amount with L Catterton.

Mexico's Mica, an operator of a real-estate management platform designed to facilitate rental services and other related amenities, based in Mexico City, closed a seed funding round for an undisclosed amount with Iluminar Ventures.

France's Graneet, a developer of a commercial management services platform for SMEs in the construction industry, based in Paris, closed a funding round of EUR €8.00 million led by Fundamental, Insight Partners and Point Nine Capital. Accelio Capital and four other investors also participated in this round.

U.S.-based Electric Era, a battery manufacturer focused on providing cost-effective energy management based in Seattle, closed a funding round of USD $7.49 million led by REMUS Capital. Climate Capital, Asymmetry Ventures, Social Starts, Koa Labs and Proeza Ventures, among others, also participated in this round.

Colombia's Instaleap, operator of a logistics platform designed to provide real-time data and delivery status based in Bogotá, closed a funding round of USD $5.00 million led by Grupo Pegasus, Redwood Ventures and Eduardo Castro-Wright. SaaS Capital and other undisclosed investors also participated in this round.

U.S.-based Wildwonder, a producer of healthy tea-based sparkling beverages based in California, closed a funding round for an undisclosed amount with Santatera Capital.

Mexico's Gasoducto de Morelos, owner and operator of the pipeline crossing the states of Morelos, Puebla and Tlaxcala, was acquired by Macquarie Asset Management through an LBO for EUR €173.80 million.

Mexico's GanaBet MX, operator of a sports-betting portal based in Guadalajara, Jalisco, was acquired by Cirsa, via its financial sponsor Blackstone, through an LBO for EUR €20.00 million.

An acrylic-sheet manufacturing plant based in Matamoros, Tamaulipas, owned by Mexico's Trinseo, reached a definitive agreement to be acquired by Plaskolite, via its financial sponsors Ares Capital Corporation BDC and Pritzker Private Capital, through an LBO for an undisclosed amount.

Almacenadora Afirme (MEX: AFIRALM) carried out the placement of short-term market securities for MXN $3,107.69 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa Base.

Arrendadora Afirme (MEX: AFIRMAR) carried out the placement of short-term market securities for MXN $350.83 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa Base.

Factoring Corporativo (MEX: FACTOR) completed the placement of short-term stock market certificates (certificados bursátiles) for MXN $135.74 million on the Bolsa Mexicana de Valores (BMV) through Vector Casa de Bolsa.

Grupo Carso (MEX: GCARSO) completed the placement of short-term stock market certificates (certificados bursátiles) for MXN $2,000.00 million on the Bolsa Mexicana de Valores (BMV) through Inbursa Casa de Bolsa.

Start Banregio (MEX: START) completed the placement of short-term stock market certificates (certificados bursátiles) for MXN $233.00 million on the Bolsa Mexicana de Valores (BMV) through Actinver Casa de Bolsa.

Cetelem (MEX: CETELEM) completed the placement of short-term stock market certificates (certificados bursátiles) for MXN $1,030.63 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa BBVA México.

Vanrenta (MEX: VRTCB) completed the placement of fiduciary stock market certificates (certificados bursátiles fiduciarios) for MXN $250.00 million on the Bolsa Mexicana de Valores (BMV) through Intercam Casa de Bolsa and Casa de Bolsa Ve Por Más.

Genomma Lab (MEX: LAB) completed the placement of long-term stock market certificates (certificados bursátiles) for MXN $1,100.00 million on the Bolsa Mexicana de Valores (BMV) through broker-dealers Actinver, Banorte, BBVA México, Santander, Intercam and Scotia Inverlat.

ION Financiera (MEX: ION) completed the placement of short-term stock market certificates (certificados bursátiles) for MXN $61.21 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa Base.

Arrendadora Actinver (MEX: ARREACT) completed the placement of short-term stock market certificates (certificados bursátiles) for MXN $50.00 million on the Bolsa Mexicana de Valores (BMV) through Actinver Casa de Bolsa.

Ford Credit de México (MEX: FORD) completed the placement of short-term market securities (certificados bursátiles) in the amount of MXN $350.00 million on the Bolsa Mexicana de Valores (BMV) through Scotia Inverlat Casa de Bolsa and Casa de Bolsa Banorte.

Navistar Financial (MEX: NAVISTS) completed the placement of short-term market securities (certificados bursátiles) in the amount of MXN $340.00 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa BBVA México and Scotia Inverlat Casa de Bolsa.

Toyota Financial Services México (MEX: TOYOTA) completed the placement of short-term market securities (certificados bursátiles) in the amount of MXN $650.00 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) in the amount of MXN $1,236.68 million on the Bolsa Mexicana de Valores (BMV) through Scotia Inverlat Casa de Bolsa and Casa de Bolsa Banorte.

Paccar Financial México (MEX: PCARFM) completed the placement of short-term market securities (certificados bursátiles) in the amount of MXN $562.00 million on the Bolsa Mexicana de Valores (BMV) through Scotia Inverlat Casa de Bolsa.

Volkswagen Leasing (MEX: VWLEASE) completed the placement of short-term market securities (certificados bursátiles) in the amount of MXN $2,000.00 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa BBVA México and Scotia Inverlat Casa de Bolsa.

Crediclub (MEX: CREDICL) completed the placement of short-term market securities (certificados bursátiles) in the amount of MXN $75.00 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa Banorte, Actinver Casa de Bolsa and Casa de Bolsa Base.

Mercader Financial (MEX: MERCFIN) completed the placement of short-term market securities (certificados bursátiles) in the amount of MXN $94.02 million on the Bolsa Mexicana de Valores (BMV) through Intercam Casa de Bolsa and Casa de Bolsa Banorte.

Fundación Dondé (MEX: DONDE) completed the issuance of short-term market securities (certificados bursátiles) for MXN $695.49 million on the Bolsa Mexicana de Valores (BMV) through Actinver Casa de Bolsa.

Sistema de Crédito Automotriz (MEX: SICREAC) completed the issuance of short-term market securities (certificados bursátiles) for MXN $77.29 million on the Bolsa Mexicana de Valores (BMV) through Actinver Casa de Bolsa.

Fondo Especial para Financiamientos Agropecuarios (MEX: FEFA) completed the issuance of fiduciary market securities (certificados bursátiles fiduciarios) for MXN $8,500.00 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa Banorte, Casa de Bolsa BBVA México and Scotia Inverlat Casa de Bolsa.

Grupo Minsa (MEX: MINSA) completed the issuance of short-term market securities (certificados bursátiles) for MXN $200.00 million on the Bolsa Mexicana de Valores (BMV) through Actinver Casa de Bolsa, Casa de Bolsa Banorte and Intercam Casa de Bolsa.

Almacenadora Mercader (MEX: ALMER) completed the issuance of short-term market securities (certificados bursátiles) for MXN $200.00 million on the Bolsa Mexicana de Valores (BMV) through Actinver Casa de Bolsa, Casa de Bolsa Banorte and Intercam Casa de Bolsa.

Financiera Bepensa (MEX: FINBE) completed the issuance of short-term market securities (certificados bursátiles) for MXN $599.67 million on the Bolsa Mexicana de Valores (BMV) through Actinver Casa de Bolsa, Casa de Bolsa Banorte and Intercam Casa de Bolsa.

Factoraje Afirme (MEX: AFIRFAC) completed the issuance of short-term market securities (certificados bursátiles) for MXN $30.59 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa Base.

Molibdenos y Metales (MEX: MOLYMET) completed the issuance of long-term market securities (certificados bursátiles) for MXN $5,590.00 million on the Bolsa Mexicana de Valores (BMV) through Scotia Inverlat Casa de Bolsa and Actinver Casa de Bolsa.

Grupo Traxión (BIVA: TRAXION) completed the issuance of short-term market securities (certificados bursátiles de corto plazo) for MXN $100.00 million on the Bolsa Institucional de Valores (BIVA) through Actinver Casa de Bolsa.

Total Play Telecomunicaciones (BIVA: TPLAY) completed the issuance of short-term market securities (certificados bursátiles de corto plazo) for MXN $1,000.00 million on the Bolsa Institucional de Valores (BIVA) through Actinver Casa de Bolsa, Punto Casa de Bolsa and Intercam Casa de Bolsa.

Switzerland's SIG, a company specialized in packaging technology and a competitor of Tetra Pak, inaugurated a specialized carton-packaging plant for the food-and-beverage industry in the country, with an investment of EUR €40.00 million.

Mexico's Hospitales MAC, an operator of a tertiary-care hospital chain, inaugurated its largest hospital in the country, located in León, Guanajuato, with an investment in excess of MXN $2,000.00 million.

Mexico's American Industries Group, a company specialized in the industrial real-estate sector, announced an investment of USD $142.00 million for the construction of an industrial park located in Chihuahua. The park will host foreign companies attracted by nearshoring.