Brasil-Cresce o interesse de investidores estrangeiros na indústria farmacêutica brasileira

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Relatório mensal sobre o mercado transacional brasileiro

Cresce o interesse de investidores estrangeiros na indústria farmacêutica brasileira

  • No acumulado do ano o país que mais realizou aquisições de participações em empresas brasileiras foram os Estados Unidos, registrando até agora 41 transações que somam BRL 8,05bi

São Paulo, 9 de junho de 2015 – Neste mês de maio o mercado transacional brasileiro registrou 48 transações que movimentaram aproximadamente BRL 8,86bi, entre anunciadas e concluídas,  tendo em conta as transações com valor divulgado, segundo o Relatório Mensal TTR (www.TTRecord.com).

No acumulado do ano foram registradas 353 transações que movimentaram aproximadamente BRL 56,55bi. Do total de transações registradas neste mês, aproximadamente 10,41% envolveram fundos de Private Equity e 10,41% envolveram fundos de Venture Capital.

Este mês em comparação com o mesmo período dos anos de 2014, 2013 e 2012 registrou um número inferior de transações, e também, em cifras movimentadas.

Subsetores mais ativos

No acumulado do ano os subsetores de Internet e Tecnologia estão entre os mais ativos seguindo uma tendência dos últimos anos. Também se destacam os subsetores Financeiro e Seguros e Indústria Alimentar como o terceiro e quarto mais ativos.

Em relação aos dados deste mês, o subsetor com o maior número de operações foi Internet (9), seguido por Financeiro e Seguros (6), Saúde, Higiene e Estética (6) e Tecnologia (5).

Aquisições feitas por empresas estrangeiras no Brasil

No acumulado do ano o país que mais realizou aquisições de participações em empresas brasileiras foram os Estados Unidos, registrando até agora 41 transações que somam BRL 8,05bi.

O segundo país que mais realizou aquisições de empresas brasileiras até agora foi a Alemanha, com 9 transações, e o terceiro foi a França com um total de 7 operações.

De janeiro a maio deste ano as aquisições realizadas por empresas estrangeiras na indústria farmacêutica brasileira representou 70% do total de transações registradas, enquanto que em 2014 neste mesmo período representou 50% do total.

Aquisições brasileiras no estrangeiro

No acumulado do ano o país onde o Brasil mais realizou aquisições foi a Colômbia. Em total as empresas brasileiras realizaram 4 operações em território colombiano que somam BRL 86,15m.

Os investimentos brasileiros deste ano também foram destinados à Suíça, com 3 transações, Espanha, Chile e Estados Unidos, cada um com 2 operações, e Bolívia, Bermudas, África do Sul, Argentina e Portugal, cada um com 1 transação. Em total as empresas brasileiras investiram aproximadamente BRL 626,39m em países estrangeiros.

Fusões e aquisições na América Latina

No acumulado do ano, as empresas brasileiras foram as que mais realizaram transações na América Latina, seguidas pelas empresas mexicanas (135 transações), empresas colombianas (80 transações) e pelas empresas chilenas (70 transações).

Private Equity

O número de transações envolvendo Private Equity em maio deste ano é igual ao registrado no mesmo período do ano passado. Foram registradas 5 transações.

No acumulado do ano já foram registradas 34 transações envolvendo Private Equity que somam BRL 4,08bi.

Venture Capital

Em maio deste ano foram registradas 5 transações envolvendo fundos de Venture Capital, frente as 14 registradas no mesmo período do ano passado.

No que se refere ao acumulado do ano, até agora já foram registradas 48 transações envolvendo Venture Capital, que somam um total movimentado de BRL 336,1m.

Transação do mês

A transação destacada no mês de maio pelo TTR foi a aquisição realizada pela empresa italiana Fedrigoni, através de sua subsidiária brasileira Aroconvert Brasil, de 100% do capital social da Arjo Wiggins por BRL 85m. Participaram como assessores jurídicos desta transação os escritórios Machado, Meyer, Sendacz e Opice Advogados; Lobo & de Rizzo Advogados; Chiomenti Studio Legale e os assessores In-house da vendedora, Sequana Group.

Para mais informações:

Wagner Rodrigues

TTR – Transactional Track Record

Tlf. + 34 91 279 87 59

wagner.rodrigues@TTRecord.com

www.TTRecord.com

TTR – Transactional Track Record é um serviço premium online que ajuda aos profissionais do mercado transacional a potencializar seus negócios em todo o mundo de língua portuguesa e espanhola, oferecendo inteligência prospectiva e oportunidades de negócio em transações anunciadas, completadas ou canceladas em todos os setores da indústria.

Brasil-Mercado de fusões e aquisições brasileiro registra aumento nos valores negociados

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Relatório mensal sobre o mercado transacional brasileiro

Mercado de fusões e aquisições brasileiro registra aumento nos valores negociados

São Paulo, 12 de maio de 2015 – O mês de abril, que marca o início do segundo trimestre do ano, praticamente manteve o nível de atividade transacional em relação ao mesmo período do ano de 2014. Durante o período, o mercado brasileiro registrou um total de 60 movimentos transacionais, dos quais 50 representaram Fusões & Aquisições, três investimentos de empresas de Venture Capital e seis de Private Equity, segundo o Relatório Mensal TTR – Transactional Track Record (www.TTRecord.com).

O valor total movimentado esse mês foi de aproximadamente R$ 6,5bi, frente aos R$ 4,23bi do mesmo período do ano anterior, sempre levando em conta as transações que tiveram valores divulgados.

Aquisições feitas por empresas estrangeiras no Brasil

35% do total das operações que ocorreram em abril deveram-se à empresas alóctones investindo em brasileiras. Estados Unidos, seguido de França, Cingapura e Reino Unido foram os protagonistas desse mês. Marcaram presença também entidades de Portugal, Índia, El Salvador, Austrália, Suíça, Bélgica, África do Sul, Colômbia e Itália. O subsetor de Internet é o que continua a chamar especialmente a atenção dos investidores estrangeiros no país.

Empresas brasileiras adquirindo estrangeiras

A presença brasileira relativa às aquisições no exterior neste mês de abril foi notada em três países, sendo uma na Suíça, uma na Espanha e uma nos Estados Unidos. Os subsetores que mais chamaram a atenção do capital nacional foram Energia Elétrica e Imobiliário.

Transação Destacada

A operação em destaque de abril foi a aquisição pela britânica WPP, por meio da Kantar Media, de 53% do capital social da empresa brasileira Ibope Media que pertencia ao grupo IBOPE da família Montenegro por aproximadamente R$ 224m.

O Banco BTG Pactual e o Banco Itaú BBA atuaram na transação como assessores financeiros, enquanto a parte jurídica teve a participação das firmas de advogados KLA – Koury Lopes Advogados, Davis & Gilbert e Gouvêa Vieira Advogados.

Para mais informações:

Wagner Rodrigues

TTR – Transactional Track Record

Tlf. + 34 91 279 87 59

wagner.rodrigues@TTRecord.com

www.TTRecord.com

TTR – Transactional Track Record é um serviço premium online que ajuda aos profissionais do mercado transacional a potencializar seus negócios em todo o mundo de língua portuguesa e espanhola, oferecendo inteligência prospectiva e oportunidades de negócio em transações anunciadas, completadas ou canceladas em todos os setores da indústria.

Power deals surge in Brazil

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LATIN AMERICA

BRAZIL: Power transactions up 66.67%

The number of transactions in Brazil’s power sector shot up 66.67% YTD in 2015 compared to the same period in 2014. Of the 15 deals so far this year, four involved international companies, two based in France and two in Colombia.

Brazil--Map-(GIF)---brazil

 
MEXICO: International buyers target Spain

Mexican buyers have concentrated their international acquisitions in Spain so far this year with eight strategic deals in the Iberian market, more than 50% of the deal volume for the entire year 2014. In 2013 there was not a single acquisition in Spain by a Mexico-based buyer. Among the most notable deals year-to-date in 2015 is the USD 190m acquisition of real estate firm Realia by Inmobiliaria Carso, held by Mexican magnate Carlos Slim. Panama-Map-(GIF)Mexico

Rankings / League Tables

Latin America Ranking – 2015

Financial Advisory – Year to Date (YTD)
Financial-LATAM
Banco Santander shot to the top of TTR’s financial advisory ranking in Latin America by deal volume as April came to a close with seven deals YTD totaling some USD 5bn, up from the same time last year when it ranked eighth with five deals valued at USD 216m. Banco BTG Pactual follows, ranking second by volume and fourth by value with six deals worth USD 7.8bn. It also ranked second by volume and fourth by value at this time in 2014 when it had 13 deals valued at USD 2.45bn under its belt. BTG rival Banco Itaú fell to third place by deal volume, meanwhile, with six deals valued at USD 4bn. At the end of April, 2014 Itaú led the top-10 ranking with 23 deals worth a combined 2.57bn. The top three financial advisors in Latin America by total deal value are a completely distinct group, led by Deutsche Bank with USD 10bn in deals, followed by Banco Bradesco BBI with USD 9bn and Rothschild with USD 8.68bn.
Legal Advisory – Year to Date (YTD)
Legal-LATAM
Jones Day crept to the top of TTR’s Latin America legal advisory ranking by deal volume at the end of April to take the lead with 11 deals worth a combined USD 2.16bn, up one spot from second place at the same time in 2014 when it had advised on eight deals valued at USD 1.92bn. Sullivan & Cromwell follow by deal volume and lead by value with four deals worth a combined USD 4.78bn. The US firm was absent among the top-10 in the first four months of 2014. Baker & McKenzie has fallen two notches to third, also with four deals, amounting to USD 373m. At fourth by volume, Gibson, Dunn & Crutcher ranks second by value with a combined USD 1.23bn in transactions.

Brazil Ranking – 2015

Financial Advisory – Year to Date (YTD)
Financial-BRAZIL
Banco Itaú held firm at the top of TTR’s Brazil financial advisory ranking as the first four months of 2015 draw to a close, though its deal volume fell from 16 to six transactions compared to the first four months of 2014. With just four deals, Bradesco BBI rose one spot to take second place compared to 10 at the end of April, 2014. Bradesco swapped positions with BTG Pactual, which also had four deals. While deal volume is down for all compared to the same period last year, overall deal values are up across the board, led by Bradesco with its USD 9bn in total transactions.
Legal Advisory – Year to Date (YTD)
Legal-BRAZIL
Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados are unfazed by the slump in volume experienced by the banks, climbing from fourth in the first four months of 2014 with 13 deals to take the number one spot in TTR’s Brazil legal advisory ranking at the end of April, 2015 with 15 transactions. Demarest Advogados too has grown its deal count from 10 to 15 deals to rise in the ranking from sixth to second. Souza, Cescon, Barrieu & Flesch Advogados come in at number three, up from seventh in the corresponding period last year, with 11 deals worth a combined USD 3.8bn. By total value, Mattos Filho also tops the chart with USD 9.4bn in deals, followed by Barbosa Müsnich Aragão, which ranks seventh by volume with seven transactions totaling nearly USD 8.7bn.

 

 

Mexico Ranking – 2015

Financial Advisory – Year to Date (YTD)
Financial-MEXICO
Banco Santander leads TTR’s financial advisory top-10 ranking in Mexico with two deals totaling USD 654m for the first four months of 2015. Santander was not among the top-10 in Mexico at this time last year. Vace Partners, tied by volume with two deals, falls to second place owing to the less value of the transactions worth a combined USD 478m. Vace also did not appear among the top financial advisors in Mexico in the first four months of 2014. Deutsche Bank, the number three financial advisor in Mexico YTD with a single transaction worth USD 2.55bn, was also absent a year ago, while Citigroup fell from second to fourth with just one deal in both periods to tie with Moelis by value and volume. Moelis advised the opposing party in the same transaction.
Legal Advisory – Year to Date (YTD)

Legal-MEXICO

Creel, García-Cuéllar, Aiza y Enríquez continue to hold firm at the top of TTR’s Mexico legal advisory ranking at the close of April, 2015 compared to the same period in 2014 when it also led the top-10. Creel’s deal count is up from nine transactions in the first four months of 2014 to 13 for the corresponding period this year, while the combined value of the firm’s deals grew from USD 637m to USD 2.7bn. Galicia Abogados, in the number two spot by volume, tripled the number of transactions it advised on to six in the first four months of the year, taking the top spot by value with deals totaling just under USD 5.3bn. Jones Day rounds out the top three legal advisors in Mexico YTD with five deals totaling USD 1.96bn. Santamarina y Steta Abogados ranks sixth by deal volume and third by value with three deals worth a combined USD 2.78bn.

Wind energy deals gust in Brazil

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LATIN AMERICA

BRAZIL: Wind energy deals up 250% YTD

The volume of wind energy transactions has increased by 250% year-to-date in 2015 compared to the same period of 2014.
Brazil--Map-(GIF)---

 
MEXICO: Real estate market buoyed by REIT deals
Mexico’s REITs have helped maintained buoyancy in real estate transactions in what has elapsed of 2015. Deal volume is up 13.33% compared to the same period in 2014 while combined deal value is up proportionally by 13.5%. Among the most notable transactions was Fibra Macquarie México’s acquisition of City Shops del Valle valued at USD 215m. Panama-Map-(GIF)

Rankings / League Tables

Latin America Ranking – 2015

Financial Advisory – Year to Date (YTD)
Banco BTG Pactual maintains its leadership in Latin America’s financial advisory ranking YTD with five deals worth USD 7.5bn, up from its second-place ranking at the same time of year in 2014 when it had advised on 12 transactions whose combined value didn’t reach USD 2.5bn. Spain’s Banco Santander rose from eighth spot at the same time of year in 2014 to take the number two spot, while Brazil’s Itaú fell in the ranking from first in mid-April 2-14 to third at mid-April 2015.
Legal Advisory – Year to Date (YTD)
Jones Day jumped from third position at mid-April, 2014 to lead the legal advisory rankings YTD in 2015 with nine transactions worth a combined USD 2.15bn compared to its seven deals at this time of year in 2014 worth USD 1.47bn. Sullivan & Cromwell, absent from the top-10 ranking at this time of year in 2014, takes the number two spot with three mega deals worth a combined USD 4.78bn. No stranger to high ranking, White & Case rose from ninth in mid-April, 2014 to take the number three spot with three transactions worth nearly USD 1bn.

Brazil Ranking – 2015

Financial Advisory – Year to Date (YTD)
Banco Itau BBA and BTG Pactual have maintained their number one and number two rankings, respectively YTD in 2015 compared to the same period of 2014. PwC has made a rapid rise to number three spot by deal volume with four deals after making no appearance in the top-10 ranking at this stage of 2014. Its four deals pale in size to banks like Bradesco BBI and Rothschild which follow in the 2015 rankings at mid-April with USD 8.97bn and USD 8.68bn in combined deal value, respectively.
Legal Advisory – Year to Date (YTD)
 
Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga has had a great year, by any measure, leading the legal advisory ranking at mid-April with 12 deals valued at a combined USD 9.2bn. Brazil’s leading firm YTD rose from fourth at the same time of 2014. At the number two spot, Demarest Advogados rose from eighth at this time of year in 2014 when it had advised on seven deals worth USD 183m compared to its 12 deals worth a combined USD 1.4bn in mid-April, 2015. Souza, Cescon, Barrieu & Flesch has also accomplished a sharp rise in the ranking from seventh with seven deals to third with 11 worth a combined USD 3.8bn in 2015 YTD.

 

 

Mexico Ranking – 2015

Financial Advisory – Year to Date (YTD)
 
Vace Partners inched ahead of the pack by deal volume by mid-April, 2015 with two deals worth a combined USD 480m. While the advisory firm trails by deal value, it can boast its leadership after not appearing among the top 10 at this stage of 2014. Deutsche Bank appears at number two in Mexico’s financial advisory ranking YTD in 2015 with a single deal worth USD 2.6bn. It too was absent from the top 10 in 2014, and bumped Citigroup, also with one deal, to the number three spot from number two at this point in 2014. Moelis & Company shares the number three spot with Citi having advised on the same transaction in which Heineken sold its packaging unit, Empaque to Crown Holdings.
Legal Advisory – Year to Date (YTD)

Creel, García-Cuéllar, Aiza y Enríquez can pat itself on the back for maintaining its leadership in the January to mid-April period compared to the same period of 2014 by deal volume with nine transactions again in 2015 YTD. Galicia Abogados rose from fourth to second place in the YTD rankings comparing the same periods with thee deals worth a combined USD 5.2bn so far this year. Jones Day, also with three deals, ranks third weighted by combined deal value, after not appearing among the top-10 firms in mid-April, 2014. Nader Hayaux & Goebel has had an excellent year as well. Despite climbing only one spot in the YTD ranking to sixth, the combined value of Nader’s two transactions in Mexico is nearly 25x greater than its two deals at this time of year in 2014.

Media booms in Brazil

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LATIN AMERICA

BRAZIL: Media deals surge 200% in 1Q15

Media deals jumped 200% in 1Q15 compared to the same period last year. Of the nine deals in the space year-to-date, five were backed by private equity or venture funds.
Brazil--Map-(GIF)---

Brazil-Graph-(GIF) 
MEXICO: Food and beverage on the upswing
Food and beverage transactions surged in the first three months of 2015 in Mexico. There were eight transactions, including announced and closed deals in 1Q15, compared to three in the same period of 2014. Among the most noteworthy in the space was the USD 408m acquisition of Tequila Don Julio by Diageo.Panama-Map-(GIF)Mexico-Graph-(GIF)

Rankings / League Tables

Latin America Ranking – 2015

Financial Advisory – Year to Date (YTD)
LATAM-Financial
Banco BTG Pactual rose from the number two position in the first three months of 2014 to top the chart in the Latin America financial advisory rankings for the corresponding period of 2015 by deal volume. Banco Itaú BBA fell to number three position from first while Banco Santander moved up from fourth to second place.
Legal Advisory – Year to Date (YTD)
LATAM-Legal
The top three legal advisors in Latin America in 1Q15 by deal volume were nowhere to be seen among the top 10 for the same period of 2014. Jones Day blew away the competition with eights deals, while Sullivan & Cromwell’s three deals far surpassed its peers by combined value. Paul, Weiss, Rifkind, Wharton and Garrison’s work on a single deal put the firm in the ranking at number nine, while Dechert brought up the rear with just one deal worth a respectable USD 1.23bn.

Brazil Ranking – 2015

Financial Advisory – Year to Date (YTD)
BRAZIL-Financial
Brazil’s Itaú BBA and BTG Pactual retained their number one and number two positions, respectively, in 1Q15 compared to the corresponding period in 2014 with fewer deals of far greater value. Bradesco knocked Santander out of the number three spot with three transactions worth a total of USD 8.97bn, putting it at the top by value. Rothschild, nowhere to be seen among the top 10 in the first three months of 2014 came in at number four, also with three deals, worth a combined USD 8.68bn.
Legal Advisory – Year to Date (YTD)

BRAZIL-Legal

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados and Demarest Advogados were neck and neck with 11 deals each in 1Q15 rising from fourth and eighth, respectively, in the first three months of 2014. Barbosa, Müsnich & Aragão Advogados had a strong quarter at the number six spot with five deals worth a combined USD 8.68bn to lead the ranking in Brazil by value after not appearing among the top 10 at this time of the year in 2014.

 

 

Mexico Ranking – 2015

Financial Advisory – Year to Date (YTD)

MEXICO-Financial

The leading financial advisors in Mexico in 1Q15 distinguished themselves from one another by deal value rather than volume, as they all reported a sole transaction for the period. The situation was similar in 1Q14, though with a different composition of advisors.
Legal Advisory – Year to Date (YTD)

 

MEXICO-Legal

Creel, García-Cuéllar, Aiza y Enríquez maintained its leading position among the top 10 legal advisors in Mexico in 1Q15 compared to the corresponding period in 2014. Galicia Abogados rose from the number four position in 1Q14 to take the number two spot in 1Q15, meanwhile, while Mijares, Angoitia, Cortés y Fuentes fell one position from second in 1Q14 to round out the top three in 1Q15.