M&A Newsletter — September 2024

U.S.-based EZ Corp (NAS: EZPW), a pawnshop group, reached a definitive agreement to acquire 53 branches of Auto Dinero, a lending firm based in Mexico City. The transaction amount was not disclosed.

Mexico's Dropin Logistics, a last-mile logistics services provider based in Monterrey, reached a definitive agreement to be acquired by Veikul. The transaction amount was not disclosed.

Mexico's Trully, a cybersecurity provider based in Mexico City, reached a definitive agreement to be acquired by Brazil's Unico, for an undisclosed amount.

Mexico's Nudos, a developer of a human-resources management platform based in Mexico City, reached a definitive agreement to merge with One Point, a consultancy based in Uruguay. The new entity will be renamed Bord.

Mexico's Grupo Bimbo, one of the world's largest bakery companies, reached a definitive agreement to acquire Wickbold, a company in the same line of business in Brazil, for an undisclosed amount. Additionally, the company acquired a majority stake in Uruguay's Planifique, a producer of pastries and frozen breads. The transaction amount was likewise not disclosed.

Mexico's Grupo Bimbo, one of the world's largest bakery companies, reached a definitive agreement to acquire Wickbold, a company in the same line of business in Brazil, for an undisclosed amount. Additionally, the company acquired a majority stake in Uruguay's Planifique, a producer of pastries and frozen breads. The transaction amount was likewise not disclosed.

Mexico's Planigrupo Latam, a subsidiary of conglomerate Grupo México, reached a definitive agreement to acquire nine properties belonging to Walton Street Capital, for an undisclosed amount.

Mexico's Cemex, a construction-materials provider based in Nuevo León, reached a definitive agreement to sell its operations in Guatemala to Holcim, for USD $200.00 million.

Mexico's ProlecGE, a joint venture formed by General Electric and Grupo Xignux, an electric-transformer manufacturer based in Monterrey, reached a definitive agreement to acquire U.S.-based Menk USA for an undisclosed amount.

U.S.-based PlayGround, an operator of a news platform in Spanish, English and Portuguese, reached a definitive agreement to be acquired by Mexico's Ole Interactive. The transaction amount was not disclosed.

U.S.-based Schmidt and Sons, a fuel distributor, reached a definitive agreement to be acquired by Mexico's Grupo Energéticos. The transaction amount was not disclosed.

Mexico's Cemex, a construction-materials provider based in Monterrey, reached a definitive agreement to acquire a majority stake in Germany's recycling company RC-Baustoffe Berlin for an undisclosed amount.

Mexico's Control Empresarial de Capitales, a subsidiary of Grupo Carso (MEX: GCARSOA1), reached a definitive agreement to acquire a stake in Talos Energy for a transaction amount of USD $30.00 million.

Mexico's Macloud, an agricultural-inputs provider based in Guadalajara, closed an equity financing round of USD $2.00 million with Saya Bio.

Mexico's Koltin, a health-services provider for elderly adults based in Mexico City, closed an equity financing round of USD $7.30 million with undisclosed investors.

Mexico's Altscore, a developer of a credit-analytics platform based in Mexico City, closed an equity financing round of USD $20.00 million with Capital Holdings and Haymaker Ventures.

Mexico's microTERRA, a Mexico City-based sustainable food technology developer, closed a funding round of USD $9.70 million with undisclosed investors.

Brazil's Cayena, an operator of a logistics platform for restaurants, closed a funding round of USD $55.05 million with Coca-Cola FEMSA, Globo Ventures and other undisclosed investors.

BBVA México, one of Mexico's largest commercial banks, closed a five-year debt financing round of USD $600.00 million in international markets.

Mexico's Grupo Murano, a Mexico City-based real-estate developer and subsidiary of U.K.-based Murano Global Investments, completed the placement of short-term senior secured debt in the amount of USD $300.00 million on the New York Stock Exchange (NYSE).

Mexico's Oil Flush, a Chihuahua-based lubrication services provider, reached a definitive agreement to be acquired by RelaDyne for an undisclosed amount through a leveraged buyout (LBO).

Almacenadora Afirme (MEX: AFIRALM) completed the placement of short-term market securities (certificados bursátiles) in the amount of MXN $2,602.49 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa Base.

Arrendadora Afirme (MEX: AFIRMAR) completed the placement of short-term market securities (certificados bursátiles) in the amount of MXN $508.85 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa Base.

Factoraje Afirme (MEX: AFIRFAC) completed the placement of short-term market securities (certificados bursátiles) in the amount of MXN $39.00 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa Base.

Financiera Bepensa (MEX:FINBE) carried out the placement of short-term market securities (certificados bursátiles) for MXN $600.00 million on the Bolsa Mexicana de Valores (BMV) through the brokerage firms Banorte and Intercam.

Arrendadora Actinver (MEX: ARREACT) carried out the placement of short-term market securities (certificados bursátiles) for MXN $300.00 million on the Bolsa Mexicana de Valores (BMV) through Actinver Casa de Bolsa.

Comisión Federal de Electricidad (CFE) carried out the placement of short-term market securities (certificados bursátiles) for MXN $1,720.94 million on the Bolsa Mexicana de Valores (BMV) through Inverlat and BBVA Casa de Bolsa.

Grupo Carso (MEX: CARSOA1) carried out the placement of short-term market securities (certificados bursátiles) for MXN $4,798.59 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa Inbursa.

América Móvil (MEX: AMX) carried out the placement of short-term market securities (certificados bursátiles) for MXN $2,607.3 million through Casa de Bolsa BBVA, Inbursa and Inverlat Casa de Bolsa.

Fundación DONDÉ (MEX: DONDE) carried out the placement of short-term market securities (certificados bursátiles) for MXN $800.00 million through Actinver Casa de Bolsa.

Genomma Lab (MEX: LABB) carried out the placement of short-term market securities (certificados bursátiles) for MXN $400.00 million through Inverlat Casa de Bolsa.

Ford Credit de México (MEX: FORD) carried out the placement of short-term market securities (certificados bursátiles) for MXN $1,611.00 million on the Bolsa Mexicana de Valores (BMV) through Scotia Inverlat Casa de Bolsa and Casa de Bolsa Banorte.

Grupo Aeroportuario del Pacífico (MEX: GAPB) carried out the placement of short-term market securities in the amount of MXN $5.64 million on the Bolsa Mexicana de Valores (BMV) through Scotia Inverlat Casa de Bolsa and Casa de Bolsa Banorte.

GM Financial de México (MEX: GMFIN) carried out the placement of short-term market securities in the amount of MXN $3,132.85 million on the Bolsa Mexicana de Valores (BMV) through Scotia Inverlat Casa de Bolsa and Casa de Bolsa Banorte.

Mercader Financial (MEX: MERCFIN) carried out the placement of short-term market securities in the amount of MXN $77.62 million on the Bolsa Mexicana de Valores (BMV) through Intercam Casa de Bolsa and Casa de Bolsa Banorte.

Navistar Financial (MEX: NAVISTS) carried out the placement of short-term market securities in the amount of MXN $1,095.70 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa BBVA México and Scotia Inverlat Casa de Bolsa.

NR Finance (MEX: NRF) carried out the placement of short-term market securities in the amount of MXN $1,259.19 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa BBVA México.

Paccar Financial México (MEX: PCARFM) carried out the placement of short-term market securities in the amount of MXN $3,929.00 million on the Bolsa Mexicana de Valores (BMV) through Scotia Inverlat Casa de Bolsa.

Scotia Inverlat (MEX: SCOTIAB) carried out the placement of long-term market securities in the amount of MXN $8,563.55 million on the Bolsa Mexicana de Valores (BMV) through Scotia Inverlat Casa de Bolsa.

Ruba Inmobiliaria (MEX: RUBA) carried out the placement of short-term market securities in the amount of MXN $48.39 million on the Bolsa Mexicana de Valores (BMV) through Actinver Casa de Bolsa.

Start Banregio (MEX: START) completed the placement of short-term market securities in the amount of MXN $1,060.00 million on the Bolsa Mexicana de Valores (BMV) through Actinver Casa de Bolsa.

Toyota Financial Services México (MEX: TOYOTA) completed the placement of short-term market securities in the amount of MXN $497.00 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa BBVA México and Scotia Inverlat Casa de Bolsa.

Unirenta Arrendamientos completed the placement of short-term market securities in the amount of MXN $500.00 million on the Bolsa Mexicana de Valores (BMV) through CI Banco Casa de Bolsa.

Volkswagen Leasing (MEX: VWLEASE) completed the placement of short-term market securities in the amount of MXN $9,332.10 million on the Bolsa Mexicana de Valores (BMV) through Casa de Bolsa BBVA México and Scotia Inverlat Casa de Bolsa.

U.S.-based Ford Motor, a global automobile manufacturer, announced plans to invest in an operating plant for the manufacturing of components in Querétaro. Construction costs are estimated at approximately USD $273.00 million.

Israel's Rivulis, an irrigation-systems provider, announced plans to invest in an operating plant in Tijuana, for an estimated amount of USD $190.00 million.

Thailand's J&T Express, a logistics-services provider, announced plans to expand its distribution centers in Nuevo León and Jalisco, following an investment of USD $6.00 million.

Mexico's Grupo México, a conglomerate of companies in mining, transportation and infrastructure based in Mexico City, announced plans to invest in the Tren Tequila Express, a project consisting of a train line from Guadalajara to the city of Tequila to promote tourism in the region. The investment is estimated at MXN $200.00 million.

Brazil's WEG, an electric-vehicle components manufacturer, announced its investment plans to build an operating plant in Atotonilco, Hidalgo. The amount to be invested is estimated at MXN $1,200 million.

Mexico's Poly Bajío, a plastic-packaging manufacturer based in Veracruz, announced its plans to invest in the expansion of its plant in Querétaro. The estimated investment is MXN $130.00 million.

China's Intretech, an automotive- and energy-industry technology developer, announced the construction of an operating plant in Monterrey, following an investment of USD $60.00 million.

Japan's Hitachi Energy, a sustainable-energy provider, announced its plans to invest in a new electrical-distribution plant in Tamaulipas. The investment is estimated at USD $70.00 million.

U.S.-based PepsiCo, an international distributor of soft drinks and snacks, announced its plans to invest in a plant dedicated to snack foods in Celaya, León. The required investment is estimated at USD $500.00 million.

Following an investment of MXN $500.00 million, the Roble Industrial Park will be developed in Jalisco.

China's KBY, a luxury-brand auto-parts producer, announced its plans to invest in a plant in San Luis Potosí. The estimated amount is USD $20.00 million.

Netherlands-based Corbion, a preservatives- and ingredients producer, inaugurated an operating plant in Querétaro, for an undisclosed amount.