Financial Services deals up by 50% in Peru

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TTR-Deal-Tracker

TTR Deal Tracker
www.TTRecord.com

LATIN AMERICA

TTR Deal Tracker is a monthly email update identifying M&A trends in Latin America and compiling YTD rankings of leading financial and legal advisors

BRAZIL: Construction deals double

Deal volume among Brazilian construction companies grew 112% in the first 11 months of 2016 over the same period last year, according to TTR data (www.TTRecord.com).

Joint ventures and asset sales have also increased in the sector, while the number of foreign-led transactions jumped from five to eight between the two 11-month periods. The BRL 328m (USD 92m) 50% stake acquisition of Cimentos Apodi by Greece-based TITAN Cement Group is the largest inbound transaction in the sector YTD.

PERU: Financial Services deals up by 50%

Financial services transaction volume rose 50% in Peru between January and November 2016 over the same 11-month period in 2015, according to TTR data (www.TTRecord.com).

Eight transactions YTD have been inbound cross-border deals, compared to five in the 11 months ending 30 November 2015. The most recent deal in the sector was ACP’s sale of a 9.99% stake in Paraguay-based Fielco – Financiera El Comercio to New York-based investment fund WWB Capital Partners.

Rankings / League Tables

Latin America Ranking – 2016*

Financial Advisory – Year to Date (YTD)

Banco Itaú BBA maintains a healthy lead in TTR’s Latin America financial advisory ranking by volume and value with 46 transactions to the close of November together worth USD 32bn. Brazil’s top investment bank also led the chart a year ago with 42 mandates on deals worth a combined USD 17.8bn by the end of November. Banco BTG Pactual follows in second, as it did a year ago, its deal count down by two to 31, its aggregate deal value up 6% to USD 14.7bn. Banco Bradesco BBI is in third, as it was a year ago, but has increased deal volume by 76% and aggregate deal value by 150% from its 17 transactions worth USD 10.8bn to the close of November 2015. Banco Santander is up three positions in the chart in fourth, its deal volume rising from nine a year ago to 19 YTD, the aggregate value of its deals up 31% from USD 7.7bn to USD 10.1bn. BAML, in fifth, was not among the top 10 financial advisors in the region at the close of November 2015, nor was Citigroup, in sixth, BNP Paribas, in seventh, JPMorgan in eighth, or Morgan Stanley, in ninth. Vinci Partners landed the same number of deals and grew aggregate value 164% to USD 487m, but fell two places in the ranking to bring up the rear.

Baker & McKenzie leads TTR’s Latin America legal advisory ranking at the close of November, its 29 deal mandates nearly matching its 30 of a year ago, while the aggregate value of its deals is up 53% to date this year over the same period last. Jones Day follows in second, as it did a year ago, notwithstanding a decline in deal count from 20 to 14 and a 76% fall in the aggregate value of its deals to USD 654m. Clifford Chance is up four positions in the chart at third, its deal count increasing from six to 13, its combined deal value up 8% from USD 8.4bn to USD 9bn. White & Case gained two deals on its 10 of year ago and increased aggregate deal value by 127% but was bumped from third to fourth, nonetheless. Linklaters, in fifth, was not among the top 10 legal advisors in Latin America a year ago, nor was Cleary Gottlieb Steen & Hamilton, in sixth. Skadden, Arps, Slate, Meagher & Flom fell three places from fourth to seventh, despite maintaining the same deal count of nine and increasing the aggregate value of its deals 374% from USD 1.2bn to USD 3.8bn. Hogan Lovells, in eighth with seven mandates YTD, is tied by deal volume with Shearman & Sterling in ninth, and Norton Rose Fulbright, in tenth. Of the three, only Shearman & Sterling appeared among the top 10 a year ago, when it ranked fifth, with seven deals also, then worth USD 1.1bn combined, compared to USD 1.8bn in aggregate value a year later.

Brazil Ranking* – 2016
Financial Advisory – Year to Date (YTD)

Banco Itaú BBA dominates by deal volume in TTR’s Brazil financial advisory ranking at the close of November with 37 transactions worth a combined 24.6bn. Brazil’s leading investment bank had the same number of deals under its belt by this time last year, together worth USD 17.3bn then. Banco Bradesco BBI follows in second with 30 transactions, nearly double its 16 of a year ago when it ranked third by the end of November. Its deals are worth USD 27bn combined, representing a 150% increase from USD 10.8bn, putting Bradesco in the lead by aggregate value. Banco BTG Pactual was bumped from second to third, its deal count down by a single transaction, the combined value of those deals down 28% from USD 12.4bn to USD 8.9bn. BAML, in fourth, was not among the top 10 financial advisors in Brazil for the same 11-month period of 2015. Vinci Partners occupies the same fifth-place position it held at the close of November 2015, its deal count also on par at nine; its aggregate value is up 164% from USD 184m to USD 487m. Cypress Associates, in sixth with eight deals YTD, and Banco Santander, in seventh with six, were both absent from the chart a year ago. BR Partners, in eighth, has also advised on six deals YTD, in its case together worth USD 1.5bn compared to eight worth USD 347m at end-November last year when it ranked seventh. Rothschild occupies the same ninth place it held a year ago, its deal count down from six to five, the combined value of its deals up 3% from USD 8.2bn to nearly USD 8.5bn. JPMorgan holds the rear, also with five mandates in Brazil YTD, in its case worth a combined USD 6.5bn. The New York bank was not among the top 10 financial advisors in Brazil in the 11 months that ended 30 November 2015.


Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados has a healthy lead in TTR’s Brazil legal advisory ranking at the close of November, by volume and value, with 63 deal mandates on transactions worth a combined USD 25.2bn in the first 11 months of the year. The top M&A firm in Brazil climbed from second place in the corresponding period last year, when it’d advised on 48 deals together worth USD 10.9bn. Machado, Meyer, Sendacz e Opice Advogados climbed two positions from fourth, its deal count up from 41 to 50, its aggregate value down 73% from USD 13.3bn to USD 3.6bn. Pinheiro Neto Advogados led the chart at the close of November 2015 when it’d advised on 57 deals in the first 11 months of the year; the firm ranks third for the corresponding period this year, its deal volume down 14% to 49, the aggregate value of its deals up 68%, meanwhile, from USD 10.9bn to USD 18.3bn. Souza, Cescon, Barrieu & Flesch Advogados was bumped one position to fourth, despite adding five deals to its count of 44 a year ago to tie by volume with Pinheiro Neto. The firm is behind in the chart for its lesser aggregate deal value of USD 4.6bn. TozziniFreire Advogados ranks fifth with 41 deals worth a combined USD 8.6bn, up from ninth a year ago when it’d advised on 25 together worth USD 798m. Barbosa, Müssnich, Aragão fell one position to sixth, its volume down from 37 to 28, its aggregate value down 29% from USD 9.5bn to USD 6.7bn. Stocche, Forbes, Padis, Filizzola, Clapis, Passaro, Meyer e Refinetti Sociedade de Advogados, in seventh, was not among the top 10 legal advisors in Brazil by the close of November 2015. Veirano Advogados fell two positions from sixth a year ago to eighth, its deal count down from 36 to 26, the combined value of its deals growing 731% from USD 1.3bn to just shy of USD 11bn. Demarest Advogados fell from seventh to ninth in the ranking, its deal flow down 19% from 31 to 25, the combined value of its deals up 1,391% from USD 316m to USD 4.7bn. Lefosse Advogados, in tenth with 23 mandates YTD, was not among Brazil’s top 10 M&A firms at the close of November last year.

Mexico Ranking* – 2016

Financial Advisory – Year to Date (YTD)

BBVA continues to lead TTR’s Mexico financial advisory ranking with six mandates YTD together worth USD 3.3bn combined, versus four worth USD 869m a year ago when it also led the chart. Citigroup is up from last place at the close of November 2015 to second for the first 11 months this year, its deal count increasing fourfold from one. PC Capital, in third, is up one position while maintaining the same number of deals as in the 11 months ending a year ago. Deutsche Bank, in fourth with two deals, was not among the top 10 advisors in Mexico at the close of November 2015; the bank is now tied by volume with JPMorgan, in fifth, Morgan Stanley, in sixth, Lazard, in seventh and Credit Suisse Group, in eighth; the lot were also absent from the top 10 a year ago. Alfaro, Dávila y Ríos fell four positions to ninth and RIóN M&A is down eight positions in tenth. Both have also advised on two transactions YTD, the same tally of each in the first 11 months of 2015.

Creel, García-Cuéllar, Aiza y Enríquez leads TTR’s Mexico legal advisory ranking for the first 11 months of 2016, as it did for the corresponding period last year, despite losing two deals on its count and a 74% decline in aggregate transaction value from USD 13bn to USD 3.4bn. Galicia Abogados, in second, is up by one deal and up one place in the chart, the value of its 13 deals up 61% to USD 4.5bn on the USD 2.8bn its 12 represented at the close of November last year. Mijares, Angoitia, Cortés y Fuentes fell one place to third, its deal count down from 15 to eight, its aggregate value contracting 23% from 2.4bn to USD 1.8bn. Jones Day ranks fourth, as it did a year ago, its deal count also on par at eight, while its combined deal value is down 73% from USD 2.2bn to USD 584m. White & Case, in fifth, also holds to the same ranking of a year ago, its deal count down by one to seven, its aggregate value down 21% from USD 1.2bn to USD 973m. Ritch, Mueller, Heather y Nicolau, in sixth with six mandates YTD on deals together worth USD 1.8bn, was not among the top 10 a year ago, nor was Santamarina y Steta Abogados, in seventh with five worth USD 1.9bn combined. Von Wobeser y Sierra had the same five deals under its belt at the close of November 2015, jumping from tenth to eighth, nonetheless. The value of Von Wobeser’s deals is up 229% from USD 358m to nearly USD 1.2bn. González Calvillo Abogados ranks nine with four deals YTD; it did not place among the leading 10 at the close of November a year ago. Baker & McKenzie is down four places in the chart in tenth, also with four mandates between January and the close of November. The firm had advised on twice as many deals by the end of November a year ago, but its aggregate deal value is up 86%, notwithstanding, from USD 366m to USD 680m.

* TTR Rankings are generated with transactions announced or closed in 2016 year-to-date. The ranking includes sales and acquisitions of shares and of assets, creation of joint ventures, and Private Equity/Venture Capital investments. The legal advisor rankings for Brazil and Mexico take into consideration advisory services regarding domestic laws. All rankings only include deals where a company of the respective country was the target of the transaction. In the case of LATAM, it would be a Latin American country. The LATAM ranking does not specify the origin of the advisory law, so the filter only considers firms from the UK/US.

In case of a draw, the adopted criteria will be the following: if the draw is due to number of transactions, the total deal value prevails; if it is due to deal value, the number of transactions prevail. When a draw of both number of transactions and deal value occurs, the same position will be retained and the deals will be arranged alphabetically.

Pharma deals surge by 117% in Brazil

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TTR-Deal-Tracker

TTR Deal Tracker
www.TTRecord.com

LATIN AMERICA

TTR Deal Tracker is a monthly email update identifying M&A trends in Latin America and compiling YTD rankings of leading financial and legal advisors

BRAZIL: Pharma deals more than double

The number of transactions in Brazil’s pharmaceutical industry grew by 117% in 1Q16 over the same quarter last year, according to TTR data (www.TTRecord.com).

Foreign investment in the space also grew in real terms with eight of 13 total acquisitions in Brazilian pharma companies in the first three months of 2016 led by overseas buyers compared to five of six in the corresponding period last year.

COLOMBIA: Inbound dealmaking on the rise

Acquisitions of Colombian companies by foreign bidders grew by 29% in 1Q16 compared to 1Q15, according to TTR data (www.TTRecord.com).

There were 17 inbound acquisitions between January and March 2015 compared to 22 in the corresponding period this year. Technology was the most sought after asset class for foreign buyers in 1Q16, meanwhile.

Rankings / League Tables

Latin America Ranking – 2016

Financial Advisory – Year to Date (YTD)

Banco Itaú leads TTR’s Latin America financial advisory ranking for the first three months of 2016 with nine transactions under its belt worth a combined USD 3.7bn, representing a 31% decline in volume and a 17% decline in aggregate deal value compared to its 13 deals together worth USD 4.4bn to the close of March 2015 when it also led the chart. Banco BTG Pactual ranks second, as it did a year ago, with six advisory mandates YTD together worth USD 1.3bn, compared to seven worth USD 7.6bn at the close of 1Q15, representing a 14% drop in volume and an 83% decline in aggregate value. Ártica Investimentos ranks third by volume with four transactions for the first three months of 2016 of undisclosed consideration. The firm did not rank among the top 10 by the close of 1Q15. BBVA ranks fourth with three deals together worth USD 1.9bn, tied with Banco Bradesco BBI by volume, which ranks fifth, its three deals worth USD 489m in aggregate. BBVA was not among the top 10 in 1Q15, while Bradesco fell from third for the corresponding period in 2015 when it advised on five deals worth USD 9.1bn, representing a 40% decline in volume and a 95% drop in combined deal value. Credit Suisse Group, Morgan Stanley, BAML, BR Partners and Vinci Partners have each advised on two transactions YTD and accordingly rank by relative aggregate value in the chart. Of the five, only Vinci Partners was among the top 10 a year ago when it advised on three deals together worth USD 22m to rank ninth.

Baker & McKenzie leads TTR’s Latin America legal advisory ranking for the first three months of 2016 with six mandates YTD together worth USD 112m. It also led the chart a year ago when it’d advised on eight deals worth USD 511m combined, representing a 25% dip in volume and a 78% decline in aggregate value. Cleary Gottlieb Steen & Hamilton ranks second with five mandates YTD worth USD 810m combined. The US firm was not among the top 10 legal advisors in Latin America at the close of 1Q15. Jones Day fell one position in the ranking relative to its performance in the first three months of 2015 when it advised on six transactions to take second place. Its five deals YTD are worth USD 70m combined, representing a 68% decline in aggregate value from USD 219m. Clifford Chance added one deal to its performance of 1Q15 to climb from ninth to fourth in the chart with three mandates YTD worth a combined USD 575m. Davis & Gilbert, in fifth, also advised on three deals in 1Q16, in its case worth a combined USD 247m. The firm was not among the top 10 a year ago. Hogan Lovells, in sixth, Skadden, Arps, Slate, Meagher & Flom, in seventh, and Chadbourne & Parke, in eighth, have two deal mandates each in 1Q16. None of the three placed in the top 10 for the corresponding three-month period of 2015. Simpson Thacher & Bartlett, in ninth, and Wachtell, Lipton, Rosen & Katz, in tenth, were also absent from the top 10 at the close of 1Q15.

Financial Advisory – Year to Date (YTD)


Banco Itaú BBA leads TTR’s Brazil financial advisory ranking for the first three months of 2016 with seven advisory mandates together worth USD 1.3bn. Brazil’s top investment bank also led the chart a year ago when it’d advised on 11 deals together worth USD 4.2bn, representing a 36% decline by volume and a 70% drop in aggregate value. Banco BTG Pactual added one deal to its tally of a year ago to climb from third to second. Its six mandates YTD on deals worth a combined USD 1.3bn compare to five together worth USD 7.6bn a year ago. Banco Bradesco BBI fell from second to third in the ranking with three deals YTD worth USD 489m compared to five worth USD 9.1bn a year ago. Ártica Investimentos, in fourth, also advised on three transactions YTD, in its case of undisclosed consideration. Ártica was not among the top 10 financial advisors in Brazil at the close of 1Q15, nor was BR Partners, which ranks fifth with two mandates YTD on deals worth USD 951m combined. Vinci Partners, in sixth, also advised on two transactions in 1Q16, climbing from seventh place a year ago despite losing one madate relative to its three deals in the first three months of 2015. The combined value of Vinci’s deals jumped 1,187% from USD 22m in 1Q15 to USD 277m in 1Q16, meanwhile. Moelis & Company, in seventh, also advised on two transactions in Brazil in 1Q16, in its case worth a combined USD 247m. The US investment bank was not among the top 10 at the close of 1Q15. BAML, Banco de Portugal and Barclays Bank, in eighth, ninth and tenth, respectively, advised on one transaction each in Brazil for the first three months of 2016, none of the three having placed among the top 10 for the corresponding period in 2015.

Legal Advisory – Year to Date (YTD)


Souza Cescon Advogados leads TTR’s Brazil legal advisory ranking for the first three months of 2016 with 15 mandates worth a combined USD 2bn. Brazil’s top M&A firm YTD is up 36% by deal volume from third a year ago when it’d advised on 11 transactions worth a combined USD 3.6bn. TozziniFreire ranks second with 12 mandates YTD on deals worth a combined USD 322m, representing a 50% increase in volume and a 44% decline in aggregate value relative to its eight mandates on deals together worth USD 570m a year ago. Pinheiro Neto Advogados rose from seventh in 1Q15 to take third in 1Q16, increasing deal volume by two deals and aggregate transaction value by 461% from USD 271m to USD 1.5bn. Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados slid two positions in the ranking to place fourth relative to 1Q15, its deal volume down by two transactions, its aggregate value down by 92% from USD 7.8bn. Stocche, Forbes, Padis, Filizzola, Clapis, Passaro, Meyer e Refinetti Sociedade de Advogados ranks fifth, also with 10 mandates YTD, after not having placed among the top 10 in 1Q15. Machado, Meyer, Sendacz e Opice Advogados led the ranking at the close of 1Q15, but has since fallen to sixth place, its deal volume down 47% and aggregate transaction value down 85% from USD 3.2bn. Lefosse Advogados, in seventh, was not among the top 10 for the corresponding period in 2015. Barbosa, Müssnich, Aragão fell from fourth in 1Q15 to eighth in 1Q16, down in volume by just two deals but in aggregate value by 96% from USD 7.8bn. Derraik & Menezes Advogados ranks ninth with seven transactions, Lobo & de Rizzo tenth with six. Neither of the trailing two were among the top 10 for the first three months of 2015.

Mexico Ranking – 2016

Financial Advisory – Year to Date (YTD)

BBVA leads TTR’s Mexico financial advisory ranking for the first three months of 2016 with two mandates YTD worth a combined USD 1.9bn, compared to just one for the corresponding period in 2015 worth USD 72m, when it placed fifth. Deutsche Bank follows in second, tied with JPMorgan and Morgan Stanley, all three having advised on the same transaction worth USD 1.9bn. PwC ranks fourth, also having advised on one transaction YTD, in its case of undisclosed consideration.

Galicia Abogados leads TTR’s Mexico legal advisory ranking in 1Q16 with three mandates on deals worth a combined USD 2.4bn, up from ninth a year ago when its sole transaction was worth USD 2.5bn. Santamarina y Steta Abogados climbed from fifth at the close of 1Q15 to take second for the first three months of 2016, also with three mandates, in its case worth a combined USD 1.9bn. Creel, García-Cuéllar, Aiza y Enríquez fell from first at the close of 1Q15 to take third, its sole mandate YTD on a deal worth USD 260m. Haynes Boone México advised on the same deal to tie for third, though it appears in fourth in the chart. Aziz & Kaye Abogados ranks fifth, also with a single advisory mandate YTD, in its case worth USD 80m. The firm did not place among the top 10 in 1Q15. Baker & McKenzie México is down one deal and off 21% by aggregate value, but rose from eighth to sixth in the chart nonetheless between 1Q15 and 1Q16. Echanove y Asociados, in seventh, Heather & Heather Abogados, in eighth and Kuri Breña, Sánchez Ugarte y Aznar in ninth, each advised on one deal in 1Q16, the three of them having been absent from the top 10 for the corresponding three-month period in 2015. Mijares, Angoitia, Cortés y Fuentes, in tenth, fell from second place in 1Q15, its deal volume falling from six worth USD 1.3bn combined to one of undisclosed consideration.

América Latina-El private equity toma impulso en América Latina en el segundo trimestre

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Informe trimestral sobre el mercado transaccional latinoamericano

El private equity toma impulso en América Latina en el segundo trimestre

  • En total se han contabilizado 42 transacciones por USD 2,773.49m
  • Las fusiones y adquisiciones alcanzan las 463 operaciones
  • Norteamérica y Europa, las que más adquisiciones han realizado en la región

 

Madrid, 14 de julio de 2015.- El mercado de private equity en América Latina ha tomado impulso en el segundo trimestre del año y se han contabilizado un total de 42 transacciones por un importe de USD 2,773.49m, lo que supone un aumento en el número de operaciones del 40% y en el valor del 274%, respecto al primer trimestre de 2015, según el informe trimestral de TTR (www.TTRecord.com).

Entre las transacciones más relevantes producidas en el área de private equity destaca la inversión realizada por el fondo Carlyle en la brasileña Rede D’Or São Luiz por alrededor de USD 590m; o la inversión de la firma suiza Partners Group en la mexicana Fermaca por USD 500m.

En cuanto al área de fusiones y adquisiciones en América Latina, el número de operaciones se ha situado entre abril y junio en 463 con un capital movilizado de USD 42,278.16m, mientras que en el primer trimestre del año se registraron 493 deals por un valor total de USD 33,082.75m.

Por países, Brasil se mantiene como el más activo con 205 transacciones seguido por México con 97 y Colombia con 51. Sin embargo, en cuanto al crecimiento, los países que más han aumentado su número de transacciones han sido México, seguido por Colombia y Argentina.

En el ámbito cross-border, Europa sigue siendo la región más atractiva tanto de empresas europeas que compran en América Latina como de compañías latinoamericanas comprando en Europa. Les sigue Norteamérica y Asia.

Transacción destacada

En el segundo trimestre de 2015, TTR ha seleccionado como transacción destacada la compra por parte de la colombiana Empresas Públicas de Medellín (EPM) del 100% de la chilena Aguas de Antofagasta (ADASA) por USD 965m. En las transacción han intermediado como asesores legales Carey, Jara del Favero y Cariola Díez Pérez-Cotapos & Cía Abogados. En la parte financiera han actuado como asesores South Andes Capital y Santander Global Banking & Markets.

Ranking de asesores financieros y jurídicos

El informe publica los rankings de asesoramiento financiero y jurídico del primer semestre de 2015 de M&A y Mercado de capitales, donde se informa de la actividad de las firmas destacadas por número de transacciones y por importe de las mismas.

Para más información:

Leticia Garín

TTR – Transactional Track Record

Tlf. + 34 91 279 87 59

leticia.garin@TTRecord.com

www.TTRecord.com

TTR – Transactional Track Record es un servicio premium online de apoyo a las decisiones de inversores, empresarios y asesores. Incluye la mayor base de datos de transacciones del mercado hispano-portugués, así como el acceso a los detalles financieros de las empresas implicadas.

América Latina-Actividad en fusiones y adquisiciones en América Latina se ralentiza en mayo

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Portada Latam

Informe mensual sobre el mercado transaccional latinoamericano

La actividad en fusiones y adquisiciones en América Latina se ralentiza en mayo

  • El número de operaciones se sitúa en 120, frente a las 130 de mayo de 2014
  • El volumen de inversión también cae hasta los USD 13,422m
  • Por países, Chile, Colombia y México, los únicos que registran un aumento de su actividad

Madrid, 02 de junio de 2015.- El mercado de fusiones y adquisiciones en América Latina se ha desacelerado en mayo y ha sufrido un ligero descenso en el número de operaciones que ha caído un 7,6% respecto al mismo mes de 2014 y se ha situado en 120 transacciones, según el informe mensual de TTR (www.TTRecord.com) en colaboración con ONTIER.

Sin embargo, se han producido transacciones relevantes en el segmento alto del mercado, con importes de más de USD 500m, entre las que destaca la propuesta de compra de la mexicana Alfa y la estadounidense Habour Energy para hacerse con la canadiense Pacific Rubiales, por alrededor de USD 4,500m.

Por países, aunque Brasil continúa como el más activo en cuanto al número de operaciones con 48 transacciones, seguido por México (30) y Chile (14); en lo que se refiere a volumen de inversión México encabeza el listado con USD 9,353.9m, seguido por Brasil (USD 2,885.2m) y Chile (USD 580m).

En cuanto a tasa de crecimiento, los países que han registrado crecimientos interanuales en número de operaciones han sido Chile, Colombia y México, con aumentos del 100%, 44,4% y 15,4% respectivamente. En cambio, las fusiones y adquisiciones caen en Argentina un 33,3%, en Brasil un 23,8% y en Perú un 28,6%.

En el ámbito cross-border, en mayo han sido relevantes las adquisiciones realizadas por empresas extranjeras en América Latina. Las compañías más activas en este sentido han sido las estadounidenses que han llevado a cabo 20 compras, seguidas por las europeas con 12 y las asiáticas con 6.

En el área de private equity, en mayo se han registrado en América Latina 9 transacciones por un importe de USD 804,09 y acumula en lo que llevamos de año un total de 51 operaciones por un monto total de USD 2,520m aproximadamente.

En el mercado de capitales, este mes ha sido relevante la salida a bolsa en México de la firma financiera Unifin, lo que supone el primer IPO del año en el país mexicano.

Transacción destacada

En mayo de 2015, TTR ha seleccionado como transacción destacada la compra por parte de Scotiabank de la peruana Servicios SPV a Citibank por USD 295m. En la transacción han participado como asesores legales la firma Torys; Payet, Rey, Cauvi Abogados; Shearman & Sterling y Miranda y Amado Abogados.

Para más información:

Leticia Garín

TTR – Transactional Track Record

Tlf. + 34 91 279 87 59

leticia.garin@TTRecord.com

www.TTRecord.com

TTR – Transactional Track Record es un servicio premium online de apoyo a las decisiones de inversores, empresarios y asesores. Incluye la mayor base de datos de transacciones del mercado hispano-portugués, así como el acceso a los detalles financieros de las empresas implicadas.

América Latina-El volumen de inversión en fusiones y adquisiciones en América Latina registra en abril un aumento interanual del 17.7%

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Poertada_Latam_Abril_2015

Informe mensual sobre el mercado transaccional latinoamericano

  • El volumen de inversión asciende a USD 6,874m frente a los USD 5,839m de abril de 2014
  • El número de fusiones y adquisiciones en abril se sitúa en 129
  • Brasil y México los más activos, seguidos por Colombia y Chile

 Madrid, 06 de mayo de 2015.- El volumen de inversión en fusiones y adquisiciones en América Latina ha registrado en abril un aumento interanual del 17.7%, pasando de los USD 5,839m de febrero de 2014 a los USD 6,874m de este año, según el informe mensual de TTR (www.TTRecord.com) en colaboración con ONTIER. En cambio, el número de operaciones ha caído ligeramente hasta las 129, mientras que el año pasado esta cifra fue de 137.

Entre las transacciones más relevantes del mes, destaca el cierre de la compra de Nextel México por parte de la estadounidense AT&T por USD 1,875m. Además, también ha sido importante Empresas Públicas de Medellín (EPM), que ha acordado la adquisición del 100% de la chilena Aguas de Antofagasta (ADASA) a la chilena Inversión Punta Rieles, filial de la compañía británica Antofagasta (empresa del Grupo Luksic), por unos USD 965m.

Por países, Brasil y México continúan siendo los más activos con 60 y 27 transacciones respectivamente. Les siguen Colombia con 17 y Chile con 12. En la cola quedan Argentina y Perú con 10 y 4 fusiones y adquisiciones, siguiendo la tendencia de los últimos meses.

En el ámbito cross-border, en abril las compañías latinoamericanas han realizado la mayoría de sus adquisiciones estratégicas en Estados Unidos (16) y Europa (13) como ha ocurrido en meses anteriores. Sin embargo, este mes destaca dos compras latinoamericanas en regiones poco comunes, una en África y otra en Asia. Por otro lado, las compañías que más compras han llevado a cabo en América Latina han sido las europeas con 27 adquisiciones, seguidas de las norteamericanas con 22 y las asiáticas (3).

El mundo del private equity ha repuntado su actividad y este mes se han registrado 10 inversiones, frente a las seis que se llevaron a cabo en marzo. Sin embargo, en el ámbito del venture capital ha caído la actividad y este mes se han registrado siete operaciones, frente a las 14 de marzo.

Transacción destacada

En abril de 2015, TTR ha seleccionado como transacción destacada la compra por parte de Statkraft Chile de un 29.99% del capital social de la también chilena Empresa Eléctrica de Pilmaiquén. En la transacción ha participado como asesor legal la firma de abogados Barros & Errazuriz Abogados y como asesor financiero BTG Pactual Chile.

Para más información:

Leticia Garín

TTR – Transactional Track Record

Tlf. + 34 91 279 87 59

leticia.garin@TTRecord.com

www.TTRecord.com

TTR – Transactional Track Record es un servicio premium online de apoyo a las decisiones de inversores, empresarios y asesores. Incluye la mayor base de datos de transacciones del mercado hispano-portugués, así como el acceso a los detalles financieros de las empresas implicadas.