M&A Newsletter — November 2020

Mexico's Best Day Travel, a travel-services provider specializing in Mexico, was acquired by Despegar.com (NYS: DESP) for USD $76.0 M USD. The seller will also receive a contingent payment of up to $20.0 M USD depending on the future performance of DESP shares.

Mexico's San Pancho, a digital-marketing agency, was acquired by Jellyfish Group, a subsidiary of Fimalac Group, for an undisclosed amount.

Mexico's ADRISA, an insurance broker and benefits-consulting firm, was acquired by Howden Broking Group for an undisclosed amount.

THIMM Packaging Systems, a Mexican subsidiary of Germany's THIMM Verpackung group dedicated to the manufacturing of packaging products for the automotive industry, was acquired by TW Mexico Packaging Solutions, a subsidiary of Tri-Wall, for an undisclosed amount.

Asia Metals, a subsidiary of Asia Broadband (OTCMKTS: AABB), acquired the mining asset The Gold and Base Metals Property, an asset located in Mexico's most prolific mining region.

Mexico's Extensio, a provider of meteorological information services, pest control, agricultural-production risk, and market-trend services, was acquired by Acceso for an undisclosed amount.

Prologis Property México announced the acquisition of two buildings in Monterrey for approximately $60.0 M USD.

PKC Group Oyj acquired the electrical-wiring and interconnection-systems business of Bt Ensambles de México for $10.0 M USD.

Mexico's Te Creemos, a popular financial society, acquired the Finsol México portfolio, owned by Financiera Independencia.

Mexico's Wiggot, a developer of a digital platform that provides daily information to real-estate brokers, closed a financing round of USD $800.0 thousand with an undisclosed investor.

Mexico's Casai, a developer of modern, smart residential spaces for new generations, closed a capital-raising round of USD $48.0 million led by Andreessen Horowitz. The company offers fully furnished apartments for rent, with a focus on work in relaxed environments and a simple, fast approval process.

Mexico's fintech Klar, a bank offering deposit and credit services, closed a capital raise of USD $15 million led by Prosus Ventures. The proceeds will be used to expand its digital banking product offering.

Atlas Renewable Energy, a renewable-energy project developer, acquired through Actis a 444 MW (DC) solar asset for an undisclosed amount.

Sanuwave Health and MEDSTENT formed a Joint Venture to distribute the dermaPEACE system, a treatment system for chronic and acute wounds.

Nestlé de México announced an investment of USD $160 million to expand pet-food production lines at its plant in Silao, Guanajuato.