Publications
Latin America – August 2014
August 2014
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The Latin American transactional market’s activity continues to show recovery signs. In August, the number of mergers and acquisition increased for the third consecutive month. A total of 165 deals were registered, which represents a 15.4% increase compared with the same period last year. Brazil was once again the most active country, followed by Mexico, with 26 deals registered and Argentina (22). In addition, these three countries also registered the largest number of deals so far this year.
Regarding the investment volume, there was also an overall increase in all the countries in Latin America. One of the largest deals was the acquisition made by Switzerland-based Alliance Boots of Chile-based Farmacias Ahumada (FASA) held by Mexico-based Casa Saba. The deal value was USD 630m.
In the cross-border sector, European companies continue the trend of being the most acquisitive in the Latin American market. In August, there were 39 acquisitions registered by European companies, followed US-based companies with 29 and Asian (7).
The venture capital sector was particularly active this month, with a 94% increase compared with the same period last year. Spanish venture capital firm Wayra was the most active fund. The company carried out several strategic investments in technology companies in Chile, Mexico and Argentina.
On the other hand, the private equity sector was also dynamic. It registered an increase of more than 61% in the number of deals registered. In August, US-based Southern Cross Group closed the acquisition of Mexican media group Grupo Expansión, held by US-based Time.
There were no deals registered in the capital markets segment, this month. However, a total of five IPOs and 29 capital increases were registered in Latin America, throughout 2014.
In collaboration with:
Farmacias Ahumada (FASA) - Pharmacy chain.
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