Publications
December 2011
December 2011
M&A BRAZIL
The Brazilian transactional market was particularly active, in December, with a 22% increase in registered deals, both announced and closed. Cross-border acquisitions from foreign companies also increased, with 13 registered deals, almost double compared to November. Once again the Services and Distribution sector was particularly strong in deals, with 19 acquisitions registered: nine in the Financial and Insurance subsector, six in the Distribution and Retail subsector, and four in the Transports, Aviation, and Logistics subsector. The largest deal this month was the acquisition of Vale Fertilizantes by Mineração Naque. The deal value was BRL 2bn. Highlights also include the acquisition of Bem-Vindo Promotora de Vendas by Banrisul jointly with Matone Investimentos. The deal value was BRL 90m. Also worthy of note was the acquisition of a 80% stake in CDPU by Petrobras, for BRL 20m.
M&A LATIN AMERICA
One of December's major deals in the rest of the Latin American market was Banco Santander's sale of Banco Santander Colombia to CorpBanca, for USD 1.22bn. Other highlights include the agreement between Grupo Bethia and Cristal Chile to acquire Megavisión, for USD 143.5m.
Argentina was also particularly active. Highlights include the acquisition of Fondomonge by Almarai, a producer of animal forage, for USD 83m. Also worthy of note was Coca-Cola Femsa's offer to acquire Grupo Fomento Queretaro, for USD 453.1m; as well as the acquisition of Correval, a Colombia-based broker, by Banco de Crédito del Peru - BCP for USD 150m.
