M&A Newsletter — September 2021

Mexico's Mezcal Unión, a mezcal producer, was acquired by Diageo (LON: DGE), one of the world's largest companies in the spirits industry.

Mexico's Sr. Pago, operator of a digital payments platform, was acquired by Mexico's Fintech Konfio for an undisclosed amount.

Mexico's Bexel Internacional, a manufacturer of tile adhesives and other adhesive products, was acquired by Sika Group (SWX: SIKA).

Mexico's Minera Teocuitla, owner of 3,087.76 hectares of the Teocuitla mine in Sonora, was acquired by Starcore International Mines (TSX: SAM).

Mexico's Materias Químicas de México, a company dedicated to the distribution of specialized chemical products for domestic, institutional and industrial use, was acquired by IMCD (AMS: IMCD).

Integrated Well Services (Borr Drilling), a company dedicated to oil-well drilling, sold a 49% equity stake to an unidentified investor.

Mexico's Laboratorio Médico Polanco, a highly reputed diagnostic-laboratory chain in Mexico and a subsidiary of Médica Sur, was acquired by SYNLAB International (BER: SYAB).

An unidentified shareholder of IENOVA (BMV: IENOVA), an energy-infrastructure project developer in Mexico, sold a 3.6% equity stake to Sempra LNG for USD $4.12 B.

Mexico-based SPAC LIV Capital Acquisition (NAS: LIVK) was acquired by AgileThought through a reverse merger; the resulting entity will trade on the NASDAQ under the ticker AGIL.

Mexico's Fitness Para Todos, a gym operator serving local markets in Mexico, was formed as the result of a joint venture between Ibarra Group and Argonne Capital Group.

Mexico's Universidad Tres Culturas, an operator of educational institutions, closed a funding round of USD $9.80 million led by Alta Growth Capital and the IFC - International Finance Corporation.

Mexico's Orchata, an operator of an online self-service store, closed a funding round of USD $4.00 million led by Investo, FJ Labs and JAM Fund.

Mexico's Palenca, an operator of a digital platform for document management and identity verification, closed a funding round of USD $0.125 million led by Y Combinator.

Mexico's Yaydoo, an operator of a digital office-management platform, closed a funding round of USD $20.40 million led by Base10 Partners and Monashees.

Mexico's Flink, an operator of a digital trading platform designed to simplify and make the investment process more engaging and accessible to consumers, closed a funding round of USD $57.00 million led by Lightspeed Venture Partners, ALLVP, Accel, Clocktower Technology Ventures and Mantis.

Mexico's Okami Bio, a producer and distributor of vegan products, closed a funding round for an undisclosed amount with Steele Ventures.

Mexico's Wonder Brands, a brand-building and growth advisory services firm, closed a funding round for an undisclosed amount with QED Investors and Alpha4 Ventures.

Mexico's Kocomo, a digital-platform operator for the buying and selling of luxury homes, closed a funding round of USD $56.00 million led by ALLVP and Vine Ventures.

Mexico's Saavi Energía, a developer of electricity generation projects in underserved locations, was acquired by Global Infrastructure Partners through an LBO for an undisclosed amount.

Mexico's KIO Networks, a data-center operator and IT services provider, was acquired by I Squared Capital through an LBO for an undisclosed amount.

Mexico's Maxcom Telecomunicaciones (MEX: MAXCOMA), an integrated telecommunications services provider, is in negotiations to be acquired by Transtelco for MXN $608.2 million.