M&A Newsletter — September 2020

Mexico's Grupo Bimbo (BMV: BIMBOA) acquired Blue Label Telecoms' stake in Qiubo (Blue Label México) for $11.5 M USD. Grupo Bimbo had originally acquired 40% of the company for $20.0 M USD in 2011.

U.S.-based Stepan (NYS: SCL) acquired the anionic surfactant business of Clariant International (SWX: CLN) in Mexico for an undisclosed amount. The acquisition substantially expands Clariant's capabilities in the surfactants market.

U.S.-based Fresh Books acquired Mexico's Facturama for an undisclosed amount. Facturama is a billing platform designed to manage the invoicing and accounts-receivable process for companies in Mexico.

Mexico's CT Internacional del Noroeste, operating in the information-technology sector, acquired a minority interest in Lanix Internacional, a company that manufactures computing equipment and mobile phones.

Mexico's Laboratorios Sanfer, through its subsidiary Invekra, acquired a majority stake in Chile's Laboratorio Pasteur, a manufacturer of generic and clinical pharmaceuticals, for an undisclosed amount.

Mexican firms Citius Capital and The Alles Group Monterrey, both business-consulting firms, announced their merger. The entity resulting from this merger will be named Citius Advisory Group.

U.S.-based FreightCar America, a railcar manufacturer, acquired the remaining 50% of the railcar manufacturing plant owned by Fabricaciones y Servicios de México – FASEMEX.

Pinehurst Capital II acquired the gold mining project known as the Ana Paula development, owned by Argonaut Gold, for $40.0 M USD. The Ana Paula project comprises 56,000 hectares located in the state of Guerrero.

Southern Silver Exploration acquired the zinc, lead and silver mining project known as Cerro Las Minitas for USD $15.0 M. The project comprises 25 mining concessions covering an area of 34,450 hectares in the heart of the Faja de Plata in Durango, one of the regions with the largest silver reserves in the world.

Mexico's Silk, a provider of an online platform for measuring and improving company culture and employee well-being, closed a funding round of USD $390.0 thousand led by Angel Ventures and Dadneo.

Mexico's Oyster, a provider of digital financial services for freelancers, startups and SMEs, closed a funding round of USD $14.0 M led by SV Latam Capital and Monashees.

Mexico's Mezcal Amores, a mezcal company offering natural and organic mezcals, closed an equity investment for an undisclosed amount with Glisco Partners.

Canada's Minera Alamos (TSX: MAI), a mining company, received a capital injection of $15.0 M CAD through a private placement to complete construction of the Santana gold mining project in the Mexican state of Sonora and continue exploration activities across other projects in Mexico.

Mexico's fintech Konfio, an SME lending platform, obtained a credit facility of more than USD $60 M from BID Invest, the investment arm of the IDB, bringing total investments on its platform to more than USD $140.0 M.

Mexico's Saavi Energía, an energy-project developer with a portfolio of more than 2,200 megawatts in operation across six combined-cycle projects, one 155-megawatt wind project and a 65-km gas pipeline, received financing of USD $325.0 M from Global Infrastructure Partners.

Amber Beverage Group acquired 220 hectares of agave cultivation with plants aged 1 to 3 years in Mexico, which will significantly increase its tequila production.

Mexico's Hospitales MAC, a private hospital chain with a presence in Aguascalientes, Celaya, Irapuato, Guadalajara, Puebla, San Miguel de Allende and Mexicali, completed a debt issuance of MXN $500.0 M through BIVA – Bolsa Institucional de Valores.

Brazil's Ascentry, a data-center operator in Latin America, began construction of two data centers in Mexico with a total investment of $350.0 M USD.

Mexico's Berel, a paint manufacturer, will establish its second plant in Mexico in the state of Querétaro with an investment of $38.0 M USD, generating 250 direct jobs.

Japan's Toyota will invest $170.0 M USD in its plants in Guanajuato and Baja California to increase production of the Tacoma pickup truck.