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In February, the Mexican transactional market was particularly active, following a trend set in previous months. The investment volume and number of deals registered increased compared with the same period last year. This month, 12 deals were registered, both announced and closed, which represents a 12% increase with respect to February 2013. The investment volume generated was USD 4,10bn compared with USD 544m in February 2013.
The high-end market in deal size (>USD500m) was dynamic this month, with some relevant deals registered. Highlights include the acquisition agreement negotiated by Grupo Bimbo to acquire Canada Bread, a food company, held by Maple Leaf Foods. The deal value was USD 1,66bn.
In the cross-border segment, foreign-based acquirers made a few relevant acquisitions in Mexico, involving countries such as Singapore, Switzerland, Canada and the United States. Highlights include the acquisition by Environ, a US-based environmental services company, of Hicks Environmental, a Mexico-based developer of engineering projects. The deal value was not disclosed.
On the other hand, February was an encouraging month for the private equity and venture capital sector. The number of deals registered increased by 50% compared with the same period last year. In addition, one of the largest deals recorded in February was carried out by Swiss private equity firm Partners Group. The firm acquired a majority stake in Fermaca, a Mexico-based gas company, for USD 450m.
There were no registered deals in the capital markets segment. However, a few IPO’s are in the pipeline; and estimated to be complete within the following months.
Deal of the month- February 2014