M&A Newsletter — October 2025

U.S.-based McCormick & Company (NYS: MKC), a producer of spices, seasonings and food products, reached a definitive agreement to increase its stake from 50% to 75% in Mexico's McCormick de México, acquiring it from Mexico's Grupo Herdez, a processed-food producer headquartered in Mexico City. The transaction amount was USD $750 million.

U.S.-based Live Nation Entertainment (NYSE: LYV), a leader in live entertainment operating concerts, ticketing and sponsorships, reached a definitive agreement to acquire 24% of OCESA, Mexico's largest concert promoter, from Mexico's Corporación Interamericana de Entretenimiento (CIE), a leader in the live-entertainment sector headquartered in Mexico City. The transaction amount was USD 646.0 million.

Mexico's BanCoppel, a bank providing accessible financial services to the mass market, reached a definitive agreement to acquire an auto-loan portfolio from CIBanco, a Mexican bank specialized in trust services, corporate banking, foreign exchange and green financing. The transaction amount was MXN 8,300 million.

U.S.-based Cabot (NYS: CBT), a specialty chemicals and performance materials company, reached a definitive agreement to acquire the carbon-black production plant “Mexico Carbon Manufacturing” from Japan's Bridgestone Corporation, a maker of tires and rubber products. The transaction amount was USD $70 million.

Grupo Aeroportuario de la Ciudad de México, operator of the Mexico City International Airport, reached a definitive agreement to acquire the real estate of Mexico's Interjet, a low-cost airline declared bankrupt in 2023 and headquartered in Mexico City. The transaction amount was MXN $34.2 million.

Mexico's Fresnillo, a leading silver and gold miner, reached a definitive agreement to acquire the Los Coyotes silver-gold project in Sonora from Canada's Orogen Royalties, which creates and acquires mining royalties. The transaction amount was USD $1.12 million.

Canada's Luca Mining Corp (TSXV: LUCA), engaged in the acquisition, exploration and development of mining properties, reached a definitive agreement to acquire the 2,507-hectare Humaya Tres mining concession in Durango from Mexico's Minera Mexicana la Ciénega, an operator of underground silver and gold mines based in Durango. The transaction amount was USD $400 thousand.

U.K.-based Bunzl (LON: BNZL), a worldwide distributor of consumer products, packaging and industrial supplies, reached a definitive agreement to acquire Mexico's Guantes Internacionales, a manufacturer and distributor of latex, nitrile and vinyl gloves for industrial and medical use, based in the State of Mexico. The transaction amount was not disclosed.

U.S.-based World Wrestling Entertainment (FRA: WWFA), a sports-entertainment company focused on professional wrestling shows, reached a definitive agreement to acquire 51% of Mexico's Lucha Libre AAA Worldwide, also a professional-wrestling sports-entertainment company headquartered in Mexico City. The private-equity fund Filip retains 49%. The transaction amount was not disclosed.

Canada's Blue Diamond Resorts, a hotel chain operating all-inclusive resorts across the Caribbean and Latin America, reached a definitive agreement to acquire the luxury resort “Paraíso de la Bonita” in Quintana Roo from U.S.-based Marriott International. The transaction amount was not disclosed.

Mexico's Omnilabs, a developer of disruptive technology solutions in fintech, health, e-commerce and mobility, reached a definitive agreement to acquire Mexico's Marzam, a distributor of medicines and pharmaceutical products headquartered in Mexico City. The transaction amount was not disclosed.

Mexico's Arca Continental (MEX: AC), a Coca-Cola bottler in Latin America and a snacks producer, reached a definitive agreement to acquire U.S.-based Imperial, a vending-machine operator headquartered in Tulsa, Oklahoma. The transaction amount was not disclosed.

Mexico's Mattilda, developer of a fintech financing and collections platform for private schools, reached a definitive agreement to acquire Mexico's Algebraix, a developer of academic and administrative management software for educational institutions headquartered in Mexico City. The transaction amount was not disclosed.

South Korea's Hyundai Engineering Plastics Company (KRX: 089470), specialized in developing, producing and supplying plastic materials for the automotive industry, reached a definitive agreement to acquire Mexico's GS Caltex Mexico, a subsidiary of GS Caltex and a manufacturer and distributor of composite-resin products based in Nuevo León. The transaction amount was not disclosed.

Mexican-Colombian Ubits, developer of an online corporate learning platform, reached a definitive agreement to acquire Mexico's Valu, a developer of an AI-based recruitment platform headquartered in Mexico City. The transaction amount was not disclosed.

Netherlands-based Deftpower, developer of an app to optimize the efficiency of charging networks in Europe, closed a venture-capital round led by the Mexican venture fund Proeza Ventures, with participation from 4Impact Capital, Endeit Capital, among others. The transaction amount was EUR 12.5 million.

Mexico's Momento, an AI-driven car-insurance platform based in Mexico City, closed a venture-capital round of USD $10.25 million. The investment was made by Hedosophia and American Family Ventures.

Mexico's Digitt, developer of a fintech platform for personal loans and debt refinancing based in Guadalajara, closed a venture-capital round of USD 10.0 million. The round was led by Yolo Investments, with participation from the Mexican venture fund IGNIA Partners and twelve other investors.

U.S.-based Nauta, developer of an AI-driven logistics-orchestration platform designed to enable faster, smarter decision-making, closed a seed round led by the Mexican venture fund Construct Capital and Kuipery Predictive Venture Partners. The transaction amount was USD 7 million.

U.S.-based Payment Labs, developer of an online payment-technology platform designed to simplify the payment process for small businesses and organizations, closed a seed round led by the Mexican venture fund ESPMX, Aperture Venture Capital and Capital Eleven. The transaction amount was USD 3.25 million.

Chile's Kunzapp, developer of a business-management platform designed to optimize spending on SaaS and cloud software, closed a seed round led by the Mexican venture fund Wollef, Wayra, among others. The transaction amount was USD 2 million.

U.S.-based Michamba, operator of AI-enabled project-management platforms designed to optimize operations in field-service industries, closed a seed round led by the Mexican venture funds Audaz Capital and Wollef, among others. The transaction amount was USD 1.75 million.

Colombia's Hunty, developer of an HR-technology platform, closed a venture-capital round led by the Mexican venture fund Cometa, Kalei Ventures, MatterScale Ventures and Newtopia VC. The transaction amount was USD 1 million.

Brazil's ISA Saúde, a provider of digital lab services aimed at improving people's overall health, closed a venture-capital round led by the Mexican venture fund Dalus Capital. The transaction amount was not disclosed.

Mexico's Flexza, developer of a fintech platform for managing employee health and wellness benefits, based in Nuevo León, closed a venture-capital round for an undisclosed amount. The investment was made by NXTP Ventures.

Mexico's Aloi, developer of an AI-powered tax-solutions platform for businesses, based in Mexico City, closed a venture-capital round for an undisclosed amount. The investment was made by NXTP Ventures.

Mexico's Monico, developer of a platform for public-sector bidding processes, based in Mexico City, closed a venture-capital round for an undisclosed amount. The investment was made by the Mexican venture fund Semilla Ventures.

Spain's VVV Business Software Group, which manages stakes in other companies, reached a definitive agreement to acquire Spain's Copermática, a developer of ERP/CRM software specialized in management solutions for SMEs, through a leveraged buyout (LBO) financed by Mexico's ALZA Capital Partners. The transaction amount was not disclosed.

U.S.-based BradyPLUS, a specialty distributor of sanitation supplies, disposable foodservice products and industrial packaging solutions, reached a definitive agreement to acquire U.S.-based Imperial Dade, a distributor of packaging, supplies and equipment, through a leveraged buyout (LBO) financed by Mexico's Fomento Económico Mexicano (FEMSA), Kelso & Company, among others. The transaction amount was not disclosed.

Mexico's Finsus, a fintech specialized in digital savings and investment products, reached a definitive agreement to acquire Mexico's Anticipa, developer of a platform offering payroll advances and liquidity solutions for employees, through a leveraged buyout (LBO) financed by Mexico's BID Capital and VXT Negocios. The transaction amount was not disclosed.

Santander (MEX: BSMX) carried out a placement of long-term notes (certificados bursátiles) for MXN $10,190.00 million on the Mexican Stock Exchange (BMV) through Santander as placement agent.

Instituto Fonacot (MEX: FNCOT) carried out a placement of long-term notes (certificados bursátiles) for MXN $8,000.00 million on the Mexican Stock Exchange (BMV) through Santander and BBVA as placement agents.

Afirme Almacenadora (MEX: AFIRALM) carried out a placement of short-term notes (certificados bursátiles) for MXN $3,770.81 million on the Mexican Stock Exchange (BMV) through Casa de Bolsa Base as placement agent.

Volkswagen Leasing (MEX: VWLEASE) carried out a placement of short-term notes (certificados bursátiles) for MXN $3,654.35 million on the Mexican Stock Exchange (BMV) through BBVA and Inverlat as placement agents.

GM Financial (MEX: GMFIN) carried out a placement of short-term notes (certificados bursátiles) for MXN $3,246.35 million on the Mexican Stock Exchange (BMV) through Inverlat and Banorte as placement agents.

América Móvil (MEX: AMX) carried out a placement of short-term notes (certificados bursátiles) for MXN $2,822.03 million on the Mexican Stock Exchange (BMV) through BBVA as placement agent.

CFE (MEX: CFE) carried out a placement of short-term notes (certificados bursátiles) for MXN $2,820.00 million on the Mexican Stock Exchange (BMV) through Banorte, BBVA and Inverlat as placement agents.

NR Finance (MEX: NRF) carried out a placement of short-term notes (certificados bursátiles) for MXN $1,866.56 million on the Mexican Stock Exchange (BMV) through BBVA as placement agent.

Start Banregio (MEX: START) carried out a placement of short-term notes (certificados bursátiles) for MXN $1,794.00 million on the Mexican Stock Exchange (BMV) through Actinver and Casa de Bolsa as placement agents.

Ford Credit (MEX: FORD) carried out a placement of short-term notes (certificados bursátiles) for MXN $1,932.00 million on the Mexican Stock Exchange (BMV) through Inverlat and Banorte as placement agents.

Toyota Financial Services (MEX: TOYOTA) carried out a placement of short-term notes (certificados bursátiles) for MXN $1,409.28 million on the Mexican Stock Exchange (BMV) through BBVA and Inverlat as placement agents.

GBM (MEX: GBM) carried out a placement of short-term notes (certificados bursátiles) for MXN $1,000.00 million on the Mexican Stock Exchange (BMV) through GBM as placement agent.

Grupo Carso (MEX: GCARSO) carried out a placement of short-term notes (certificados bursátiles) for MXN $4,700.00 million on the Mexican Stock Exchange (BMV) through Inbursa as placement agent.

Financiera Bepensa (MEX: FINBE) carried out a placement of short-term notes (certificados bursátiles) for MXN $689.03 million on the Mexican Stock Exchange (BMV) through Actinver and Banorte as placement agents.

Factoring Corporativo (MEX: FACTOR) carried out a placement of short-term notes (certificados bursátiles) for MXN $359.95 million on the Mexican Stock Exchange (BMV) through Actinver and Casa de Bolsa as placement agents.

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

Grupo Minsa (MEX: MINSA) carried out a placement of short-term notes (certificados bursátiles) for MXN $100.00 million on the Mexican Stock Exchange (BMV) through Actinver and Banorte as placement agents.

Grupo HYC (MEX: HYCSA) carried out a placement of short-term notes (certificados bursátiles) for MXN $100.00 million on the Mexican Stock Exchange (BMV) through Banorte and Actinver as placement agents.

Almacenadora Mercader (MEX: ALMER) carried out a placement of short-term notes (certificados bursátiles) for MXN $76.25 million on the Mexican Stock Exchange (BMV) through Actinver and Banorte as placement agents.