M&A Newsletter — October 2021

Mexico's Beso, a digital-marketing services provider, was acquired by LLYC (XMAD: LLYC) for EUR €7.20 million.

Mexico's Dock Re, an insurance broker, was acquired by DUAL Group, a subsidiary of Howden Group Holdings.

Mexico's Industrias MASS, a water-heater manufacturer, was acquired by Rinnai America.

Mexico's OCESA, an entertainment company, was acquired in a 51% stake by Live Nation Entertainment — 40% was purchased from Televisa for USD$ 261.90 million and 11% was purchased from Grupo CIE for USD $182.60 million.

Mexico's Mercadotecnia, Ideas y Tecnología, a digital-payments solutions provider, was acquired by PagoNxt.

U.S.-based Penn Jersey Paper Co., a packaging manufacturer for the food-service industry, was acquired by Mexico's FEMSA for an undisclosed amount.

Mexico's Sociedad Financiera Popular Akala, a financial institution providing a range of specialized financial services, was acquired by Nu Mexico.

Ecuador's Carlisnacks, a snack-food manufacturer, was acquired by Mexico's Arca Continental (MEX: AC) for an undisclosed amount.

Mexico's Tecnohargrove, an engineering-services and infrastructure-project-management provider, was acquired by Hargrove & Associates.

Colombia's Centelsa (a subsidiary of Mexico's Xignus group), a manufacturer of premium cables for Latin America, was acquired by France's Nexans SA (Euronext Paris: NEX) for USD $225.00 million.

Mexico's Shimtech de México (a subsidiary of Avantus Aerospace), a manufacturer of components for the aerospace industry, was acquired by Latecoere (PAR: LAT).

Panama's Claro Panamá (a subsidiary of Mexico's América Móvil), a telecommunications-services provider, was acquired by Cable Wireless for USD$200.00 million.

Mexico's Coonector, a developer of a platform connecting corporations with start-ups to accelerate their growth, was acquired by Angel Ventures Mexico for an undisclosed amount.

Argentina's Conoco Phillips Argentina Holding, owner of 50% of the Cuenca del Neuquen project in Vaca Muerta, Argentina — a shale-gas project — was acquired by Mexico's Vista Oil & Gas (MEX: VISTAA) for USD $ 77.00 million.

Mexico's Kavak, a provider of an electronic platform for the purchase and sale of automobiles, closed a funding round of USD $700.00 million led by General Catalyst, reaching a valuation of USD $,8,000.00 million.

Mexico's Konfío, an operator of an electronic lending platform for SMEs, closed a funding round of USD $110.00 million led by Tarsadia Capital.

Mexico's Merama, a company dedicated to strategic investments for brand development, closed a funding round of USD $225.00 million led by Advent International, Globo Ventures and Valor Capital Group.

North America-based Abra, a cryptocurrency developer, closed a funding round of USD $60.00 million led by Blockchain Capital and IGNIA Partners.

Mexico's GAIA Design, operator of a digital platform for furniture design and operator of furniture stores, closed a funding round of USD $50.00 million led by SoftBank Latin America.

Mexico's Flat.mx, a developer of a digital platform for real-estate sales, closed a financing round of USD$ 20.00 million led by 500 Startups and Anthemis Group.

Mexico's Kueski, a microlending company, closed a funding round of USD$ 59.29 million with undisclosed investors.

Mexico's Higo, a software-services provider for payment facilitation, closed a funding round of USD $23.00 million led by Accel.

Chile's Algramo, a company dedicated to reducing packaging waste, closed a funding round of USD $7.90 million led by Dalus Capital and FEMSA Ventures.

Mexico's Cargamos, operator of a last-mile delivery logistics platform, closed a funding round of USD $11.00 million led by FEMSA - Fomento Económico Mexicano and Nazca.

Mexico's Ancana, a company focused on the development of real estate projects with a fractional-ownership model, closed a funding round of USD $25.00 million led by G2 Momentum Capital.

Mexico's Búho Contable, a developer of accounting-management software for SMEs, closed a funding round with Y Combinator.

Mexico's Círculo de Belleza, a developer of a digital platform for the sale of products to beauty salons, closed a funding round of USD $4.00 million with Magma Partners.

Mexico's Lernit, a provider of corporate training services for company personnel, closed a funding round for an undisclosed amount with MGV Capital Group.

Mexico's Sora, a provider of digital contract-signing services, closed a funding round for an undisclosed amount with Act One Ventures.

Mexico's MT Falcon Holdings Company, an operator of power-generation plants, was acquired by Actis through an LBO for an undisclosed amount.

Mexico's Georgal, a provider of training services for multinationals with a presence in Mexico, was acquired by Learnlight Software, via Beech Tree Private Equity, through an LBO for an undisclosed amount.

Mexico's Atrato, an operator of a platform for extending short-term consumer loans, received financing of USD $15.00 million from Architect Capital.

Mexico's Elementia Materiales SAB (MEX: ELEMAT), a manufacturer and distributor of construction materials, completed the spin-off of Fortaleza Materiales, S.A.B. de C.V (MEX:FORTALE) and conducted an IPO to list the company on the Bolsa Mexicana de Valores under the ticker ELEMAT.