LatAm Energy M&A Up Overall in 2019 Real Estate sector leads Spanish transactional market, although 17.07% falls until December 

• Deal volume down in Argentina and Mexico YoY
• Oil and gas transactions dominate regionally, despite 65% decline in Mexico
• Solar transactions outpace oil and gas deals in Chile, notwithstanding overall decrease in renewable deals
• Power sector transactions increase throughout the region, except in Brazil

Madrid, 31 January, 2020. Deal volume in the energy sector across Latin America is down 5% to the close of 4Q19, while aggregate transaction value increased 153% over the same 12 months last year according to Transactional Track Record data.

Volume and aggregate value of energy sector in LatAm. December 2018 to December 2019. Source: Transactional Track Record

Brazil leads by the sheer number of energy deals across the region with 129 transactions, followed by Chile, which registered the sharpest upswing in aggregate value with a 190% increase to USD 2.9bn.

Colombia ranks third by number of energy deals with 27 for the year, followed by Argentina with 25 and Peru with 15.

Mexico is in last place among the top six M&A markets in the region, registering a 65% decline in energy sector transactions with just 13 deals to the close of 4Q19.

Oil and gas transactions lead energy sector deal volume in the top six M&A markets, with the exception of Chile and Peru, where the number of transactions in the power sector outpaced extractives.  In the case of Colombia, the oil and gas and power sectors were at par with seven deals apiece for the year.

Conventional energy deals outpaced renewables in every market except Chile, where there were more solar transactions than oil and gas deals, despite a 33% drop in the number of solar energy transactions over 2018.  Investment in wind assets fell across the board, except in Colombia, where wind deals increased markedly over 2018.

Buyers based in the EU led inbound dealmaking in the energy sector for the year, with 53 transactions, followed by North American bidders, with 33 deals, ahead of buyers out of Asia, with 15 deals. The US led inbound energy investments in Brazil, Colombia and Mexico, the UK led inbound energy deals in Argentina, Colombia led energy investments in Peru and France dominated in Chile.

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados tops the regional ranking with 14 transactions, while Machado, Meyer Sendacz e Opice Advogados leads by aggregate value on deals totaling just under USD 9bn.

Banco BTG Pactual led energy sector dealmaking regionally in 2019 with 11 transactions worth a combined USD 1.24bn. Banco Santander leads by aggregate value, its three deals worth USD 8.83bn in aggregate.

More information:

Oliver Hill
TTR – Transactional Track Record
http://www.ttrecord.com/es/sobre-nosotros/
oliver.hill@TTRecord.com 

TTR is a premium financial technology platform that delivers unrivalled transactional data and actionable market intelligence in real time, empowering professionals to seize opportunities and make more informed strategic decisions. TTR aggregates transactional data from thousands of sources, providing an indispensable resource of announced, completed and cancelled transactions covering every industry.