México - Outubro 2014

Outubro 2014
México - Outubro 2014
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(content in english)

In October, the Mexican transactional market’s activity decreased. A total of 15 deals were registered and an investment volume of USD 3.1bn, compared with 16 deals in the same period last year, and an investment volume of USD 4.91bn. However, so far this year – between January and October – a total of 186 deals were recorded compared with 175 in the 12 months of 2013. Highlighted deals, this month, include the acquisition by Mexico-based Alsea of a 71% stake in Grupo Zena, for USD 344.57m.

The most active sectors this month were technology with 8 deals registered, followed by financial and insurance with two. These two sectors have been the most active since January 2014, with 24 and 18 mergers and acquisitions, respectively.

In the cross-border sector, in October, foreign-based companies investing in México originated from Colombia, Norway and Spain. On the other hand, Mexican companies focused their investments in France, Spain and the United States.

This month, there were six deals registered in the private equity and venture capital segment, and an investment volume of USD 358.20m. Most of these were divestments made by Mexican and foreign funds in local companies. Highlights include the sale by Latin Idea Venture Capital Fund II, Cartesian Capital Group and Digital Realty Trust of Mexican technology firm redIT to Kia Networks. The deal value was not disclosed.

Regarding equity capital markets, the Mexico has recovered its activity, after a slow first semester. In October, there were two capital increases recorded carried out by Mexican companies; one by Dine, for USD 11.77m, and the other by City Express, for USD 176.37m.



City Express  - Hotel management company.

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