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In May, the Mexican transactional market continued its dynamic activity. The investment volume increased by 57% compared with the same period last year, increasing from USD 1.92bn in 2013 to USD 3,01bn in 2014. This was the result of several closed deals in the high-end market in deal size (>USD 500m), such as the acquisition made by Mexico-based Grupo Bimbo of Canada Bread. The deal value was USD 1.68bn.
Regarding the number of deals, this month Mexico remained stable with 13 transactions, the same as in May 2013. In addition, Mexico was the only country in Latin America that resisted the activity decrease as far as the number of mergers and acquisitions.
This month the mining subsector was one of the most active. Highlights include the agreement made by Millrock Resources to acquire Pembrook Mexico Holdings, held by Canada-based Pembrook Mining. In addition, the food subsector was also among the most active in Mexico this year.
There were no deals registered in the private equity sector, in May. However, so far this year a total of 17 transactions were registered, generating approximately USD 795.48m.
In May, there were no deals registered in the capital markets, a trend set in previous months. Nonetheless, there are some transactions announced, such as Fibra Prologis’ initial public offering, which should take place next month.
Restaurantes Vips México -Company engaged in restaurant management.