Mexico - August 2014

August 2014
Mexico - August 2014
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In August, the Mexican transactional market was, again, particularly dynamic. A total of 26 M&A deals were registered, which represents a 4% increase compared with the same period last year, and 13% increase compared with July. In addition, the investment volume also increased, generating USD 2.66bn, compared with USD 2.51bn in August 2013, and USD 455.7m in July 2014.

This month, a large number of deals were registered in the high-end market in deal size (> USD 500m). Highlights include Televisa’s acquisition of telecoms operator Cablecom, for USD 652.32m. Furthermore, Mexichem carried out an acquisition and attained a 100% stake in US-based Dura-Line’s share capital, for USD 630m.

The most active sectors, in August, were the tourism, hotels and restaurants, with five deals registered in total. Followed by the Internet and technology subsectors with five and four deals, respectively. These two subsectors are amongst the most active throughout the year.

In the cross-border sector, highlights include the investments made by Mexican companies abroad; namely in Spain, two acquisitions, followed by Portugal, Germany and the United States, one acquisition in each country.

The private equity and venture capital sector was particularly active, in August, with 16 deals registered, which represents 61.5% of the total number of M&A deals this month. Highlights include a divestment made by fund Strategic Value Partners of a stake in Vestolit, acquired by Mexichem. The deal value was USD 293.70m.

In the capital markets sector, there were no deals registered in August, but there are several transactions in the pipeline, which should be concluded in the next few months. Highliths include an IPO to be carried out by Mexico-based Grupo Hotelero Santa Fé.



Cablecom  - Telecommunications company and cable TV operator.

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