Agribusiness deal volume up 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: Agribusiness fertile ground for deals

Agribusiness transactions have shot up 143% in the first four months of 2016 relative to the corresponding period in 2015, according to TTR data (www.TTRecord.com).

The number of international buyers in the space fell in relative and real terms, however, from four of seven in the first four months of 2015 to one of 17 YTD.

MEXICO: Healthcare deal volume triples

Heathcare, hygiene and cosmetics deal volume has increased 200% in the first four months of 2016 compared to the same period in 2015, according to TTR data (www.TTRecord.com).

International bidders have demonstrated appetite for the space this year, with three of nine transactions led by overseas investors whereas none of the three deals in the corresponding period of 2015 were cross-border.

Rankings / League Tables

Latin America Ranking – 2016

Financial Advisory – Year to Date (YTD)

Brazil’s Banco Itaú BBA holds its position at the top of TTR’s Latin America financial advisory ranking at the close of April with nine mandates YTD worth a combined USD 3.7bn, a 40% decline by volume and a 19% dip in aggregate value compared to its performance in the first four months of 2015 when it’d advised on 15 deals together worth USD 4.6bn. Banco BTG Pactual follows close behind with six mandates in the first four months of 2016 on deals worth a combined USD 1.3bn, representing a 33% decline in volume and an 83% fall in aggregate value relative to its nine mandates on deals worth USD 7.9bn in aggregate in the first four months of 2015, when it also placed second in the chart. Citigroup ranks third with five deals worth USD 2.4bn in aggregate after not placing among the top 10 of the regional ranking at the close of April 2015. BBVA jumped two positions to take fourth, also with five deals YTD, in its case worth USD 1.9bn, compared to four worth USD 1.3bn a year ago when it ranked sixth. Banco Bradesco BBI ranks fifth, also with five mandates YTD, the same volume as at the close of April 2015, the aggregate value of its deals dropping 91% meanwhile from USD 9.1bn to USD 806m. BR Partners ranks sixth with four advisory mandates YTD worth USD 1.1bn combined, and Ártica Investimentos seventh, also with four deals under its belt. Neither placed among the top 10 at the close of April 2015, nor did BAML, in eighth, Vinci Partners in ninth nor Goldman Sachs, in tenth.

Cleary Gottlieb Steen & Hamilton leads TTR’s Latin America legal advisory ranking at the close of April with nine advisory mandates YTD on deals worth a combined USD 1.2bn. The top international firm in the region was not among the leading 10 at the close of April 2015. Baker & McKenzie is tied by volume but lags far behind by aggregate value, the combined consideration of its deals worth USD 194m, a 97% decline from the USD 795m its 11 deals were together worth a year ago when it also ranked second. Jones Day fell to third from first with five mandates YTD together worth USD 70m compared to 13 worth USD 2.3bn in the first four months of 2015. Clifford Chance climbed one position to take fourth, though its deal volume remained constant. Skadden, Arps, Slate, Meagher & Flom ranks fifth, with three advisory mandates YTD, tied by volume with Davis & Gilbert, Linklaters, White & Case and Latham & Watkins, of which only White & Case placed among the top 10 in the first four months of 2015 when it advised on four deals together worth USD 983m to take fourth in the chart. Simpson Thacher & Bartlett brings up the rear, advising on two deals YTD after not appearing among the top 10 for the four-month period ending a year ago.

Financial Advisory – Year to Date (YTD)


Brazil’s top three banks, Banco Itaú BBA, Banco BTG Pactual and Banco Bradesco BBI hold to their first-, second- and third-place positions of a year ago in TTR’s Brazil financial advisory ranking at the close of April 2016. All three faced a heavy decline in aggregate deal value, which fell 71%, 83% and 91%, respectively, though only Itaú’s deal volume declined as that of its peers remained constant. BR Partners ranks fourth after not appearing among the top 10 for the first four months of 2015. Vinci Partners climbed from seventh to fifth, its deal volume remaining constant in each four-month period while the aggregate value of its three deals grew from USD 22m to USD 282m. Ártica Investimentos, BAML, Moelis & Company and Citigroup, in sixth, seventh, eighth and ninth, respectively, were not among the top 10 at the close of April 2015. IGC Partners Assessoria Empresarial fell five positions to bring up the rear, its deal volume cut in half.

Legal Advisory – Year to Date (YTD)


Souza Cescon Advogados leads TTR’s Brazil legal advisory ranking for the first four months of 2016 with 18 deals together worth USD 2.1bn, representing a 64% increase in volume and a 42% decline in aggregate value relative to its 11 deals worth a combined USD 3.6bn a year ago when it ranked fourth. Pinheiro Neto Advogados follows in second, up from sixth a year ago, its deal volume growing 70% from 10, its aggregate deal value up 538% from USD 271m. Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados lost one position in the chart to rank third, despite growing volume by two deals. Its aggregate deal value fell 85% from USD 7.8bn, meanwhile. TozziniFreire Advogados climbed two positions in the ranking to take fourth, its deal volume up 67% from nine and its aggregate deal value down 44% from USD 570m. Machado, Meyer, Sendacz e Opice Advogados fell from first to fifth as it lost one transaction compared to its performance in the first four months of 2015 and aggregate deal value dipped 84% from USD 3.2bn. Barbosa, Müssnich, Aragão fell from third to sixth in the chart, despite adding one deal to its count of a year ago. The combined value of its deals dropped 92% from USD 7.8bn in the first four months of 2015. Stocche, Forbes, Padis, Filizzola, Clapis, Passaro, Meyer e Refinetti Sociedade de Advogados ranks seventh, Lefosse Advogados eighth and Lobo & de Rizzo Advogados ninth, none of the three having appeared among the top 10 by the close of April 2015. Demarest Advogados brings up the rear, its volume down by one, the aggregate value of its deals up 214% from USD 79m a year ago when it ranked eighth.

Mexico Ranking – 2016

Financial Advisory – Year to Date (YTD)

Citigroup leads TTR’s Mexico financial advisory ranking for the first four months of 2016 with three mandates worth a combined USD 2.4bn, up from one deal worth USD 1.2bn for the corresponding period ending a year ago when it ranked fifth. BBVA is tied by volume, its three deals worth USD 1.9bn. BBVA advised on the same number of transactions by the close of April 2015, its three deals then worth USD 1.3bn. Of the remaining financial advisors in the chart, only Rión M&A appeared among the top 10 for the corresponding period ending a year ago, when it had also advised on a single deal.

Galicia Abogados leads TTR’s Mexico legal advisory ranking for the first four months of the year with five mandates on deals worth a combined USD 2.4bn, the same volume as in the corresponding period ending a year ago when it ranked fourth. Its aggregate value is down by 12% from USD 2.7bn. Ritch Mueller follows in second with four deals worth a combined USD 82m. The firm did not place among the top 10 in the first four months of 2015. Santamarina y Steta Abogados ranks third, having added one transaction to its tally of a year ago and growing aggregate value by 746% from USD 227m. Creel, García-Cuéllar, Aiza y Enríquez, in fourth, fell from first place a year ago, its volume down 79% from 14 and its aggregate value down 93% from USD 3.6bn. Geenberg Traurig México ranks fifth after not appearing among the top 10 in the first four months of 2015. Robles Miaja Abogados, in sixth, Haynes Boone México, in seventh, Garrigues México in eighth, and Aziz & Kaye Abogados, in ninth, were also absent from the top 10 a year ago. Baker & McKenzie México lost two deals and fell one position in the chart to bring up the rear, its aggregate deal value declining slightly from USD 30m.

Brasil y México lideran el mercado transaccional de América Latina

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Informe trimestral sobre el mercado transaccional latinoamericano

  • En total, en los tres primeros meses del año se han registrado 422 transacciones
  • Argentina asciende en un 34% el número de operaciones de enero a marzo de 2016

Madrid, 15 de abril de 2016.-El mercado transaccional en América Latina aún da muestras de su vitalidad durante el primer trimestre del año, con un total de 422 operaciones registradas, de las cuales 175 tienen un importe no confidencial que suman USD 21,843m aproximadamente, según el informe trimestral de TTR (www.TTRecord.com) en colaboración con Intralinks.

Sin embargo, el valor del capital movilizado ha disminuido en la región en un 5% y el número de operaciones se ha reducido en un 12%, con respecto a las 479 operaciones registradas en el mismo periodo de 2015. De estas 422 operaciones registradas de enero a marzo, 42 son transacciones de private equity y 34 de venture capital.

Con respecto a la comparación entre países, Brasil sigue liderando el ranking con 198 operaciones pero con una disminución del 20% en términos interanuales. Les siguen en el listado México y Chile, con 55 operaciones cada uno, y con un decrecimiento del 17% y un aumento del 34%, respectivamente. Por su parte, Argentina asciende con 47 operaciones y con un aumento 34%. Esta subida desplaza a Colombia con 39 operaciones y con una disminución del 3%. Y finaliza Perú, con 30 operaciones y un aumento del 7% interanual.

Ámbito cross-border

En el ámbito cross-border se destaca el apetito inversor de las compañías latinoamericanas en el exterior, especialmente en Europa, donde se han llevado a cabo 10 operaciones, así como Norteamérica, con 3 operaciones. Por su parte, las compañías que más han realizado transacciones estratégicas en América Latina proceden de Europa, con 79 operaciones, Norteamérica (39), Asia (10) y Oceanía (4).

Transacción destacada

En el primer trimestre de 2016, TTR ha seleccionado como transacción destacada la adquisición del 96,31% de la empresa Controladora Comercial Mexicana – CCM por parte de la mexicana Tiendas Soriana.

La operación, que ha registrado un importe de aproximadamente USD 1,917.16m, ha estado asesorada por la parte legal por Galicia Abogados y Santamarina y Steta Abogados; y por la parte financiera por Deutsche Bank, BBVA Bancomer, J.P. Morgan y Morgan Stanley.

Ranking de asesores financieros y jurídicos

El informe publica los rankings de asesoramiento financiero y jurídico del primer trimestre de 2016 de M&A, Private Equity y Mercado de Capitales, donde se informa de la actividad de las firmas destacadas por número de transacciones y por importe de las mismas.

Entrevista con Pérez-Llorca

Socio de Corporate y responsable de la firma de abogados Pérez-Llorca – Nueva York, Iván Delgado, ha comentado para TTR sobre el mercado transaccional en América Latina: “Cuba se ha convertido en un foco interesante de negocio por la apertura hacia EE.UU”.

Para más información:

Wagner Marques Rodrigues
Research and Business Intelligence Director
TTR – Transactional Track Record
www.TTRecord.com
wagner.rodrigues@TTRrecord.com

 

El mercado transaccional mexicano registra 55 operaciones por USD 7,374.98m en el primer trimestre del año

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Informe trimestral sobre el mercado transaccional mexicano

  • Tres de las operaciones superan los USD 500m
  • Perú y España son los países extranjeros en los que más invierten las compañías mexicanas
  • El sector de turismo, hostelería y restauración es el más activo en lo que va de año, con seis transacciones

Madrid, 13 de abril de 2016.- El mercado transaccional mexicano ha cerrado el primer trimestre del año con un total de 55 fusiones y adquisiciones por un importe agregado de 7,374.98m, lo que supone un decremento interanual del 16.67% en el número de operaciones y del 9.85% en el importe de las mismas, según el informe trimestral de TTR (www.TTRecord.com) en colaboración con Merrill Corporation.
Por importe, tres de las operaciones han sido de mercado alto (superior a USD 500m), cinco de ellas han sido de mercado medio (entre USD 100m y USD 500m), y 25 han sido de mercado bajo (inferior a USD 100m). El importe de las 24 operaciones restantes no ha sido divulgado.
En términos sectoriales, los más activos durante lo que va de 2016 han sido el sector de turismo, hostelería y restauración, con seis transacciones, los sectores inmobiliario y financiero y de seguros, con cinco operaciones, y el sector de alimentación y bebidas, con cuatro.
Ámbito cross-border
Por lo que respecta al mercado cross-border, en lo que va de año las empresas mexicanas han llevado a cabo tres adquisiciones en Perú y en España, y una en Panamá, Nicaragua, Colombia, Jamaica, Chile, Argentina y Estados Unidos. El mayor desembolso, USD 1,999.83m, corresponde a las inversiones en España, como consecuencia de la Oferta Pública de Adquisición (OPA) lanzada por Control Empresarial de Capitales, filial de Inversora Carso, sobre FCC.
Por otro lado, Colombia y Reino Unido son los países que más han apostado por realizar adquisiciones en México, con dos operaciones en casa caso, seguido por Estados Unidos, Canadá, Perú, China, España, Bélgica y Alemania, todos con una transacción. Por importe destaca Estados Unidos, con USD 1,350m.
Private equity y venture capital
En el primer trimestre del año 2016 se han contabilizado cuatro transacciones en el mercado de private equity, y tres en el mercado de venture capital. El importe total agregado de ambos mercados ha ascendido a USD 67.11m.
Mercado de capitales
En lo que va de 2016 únicamente se ha completado una ampliación de capital en el mercado de capitales mexicano. Se trata de la ampliación de capital llevada a cabo por Arca Continental, por importe de USD 404.74m. Por su parte, no se han producido salidas a Bolsa.

Transacción destacada
En el primer trimestre de 2016, TTR ha seleccionado como transacción destacada la adquisición de la empresa mexicana Mabe por parte de la belga Ontex, que ha registrado un importe de USD 259.55m. La operación ha estado asesorada por la parte legal por Creel, García-Cuéllar, Aiza y Enríquez, Haynes Boone México, Garrigues España, Gómez-Acebo & Pombo España, PwC Tax & Legal España, Cleary Gottlieb Steen & Hamilton US, Cleary Gottlieb Steen & Hamilton Belgium, Cleary Gottlieb Steen & Hamilton Germany, y Covington & Burling.

Ranking de asesores jurídicos
El informe publica los rankings de asesoramiento jurídico de 2016 de M&A, donde se informa de la actividad de las firmas destacadas por número de transacciones y por importe de las mismas.

Para más información:
Daniel Hernández
TTR – Transactional Track Record
Telf. + 34 91 279 87 59
daniel.hernandez@ttrecord.com
www.TTRecord.com

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.

El mercado transaccional latinoamericano cierra enero con operaciones por importe de USD 8,991m

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Informe mensual sobre el mercado transaccional latinoamericano

  • En enero de 2016 se han registrado 118 operaciones por USD 8,991m          
  •  Brasil, Chile y México son los países más destacados del mes
  •  Las empresas europeas son las más activas en adquisiciones cross-border en Latinoamérica

Madrid, 25 de febrero de 2016.- El mercado transaccional latinoamericano ha registrado en el mes de enero de 2016 un importe agregado por fusiones y adquisiciones de USD 8,991m, lo que supone un incremento del 0,41 % respecto al importe registrado en el mismo mes de 2015, según el nuevo informe mensual de TTR (www.TTRecord.com) en colaboración con ONTIER e Intralinks.

Este incremento del importe de las operaciones se ha producido pese a que el número de fusiones y adquisiciones registradas en el primer mes de 2016 ha sido de 118, frente a las 159 de enero de 2015.

Por países, los más destacados del mes son Brasil, con 52 operaciones y USD 2,711.30m de capital movilizado; Chile, con 18 operaciones y USD 1,464.82m, y México, con 22 operaciones por importe de USD 3,502.63m.

En términos cross-border, las empresas europeas se han situado como las más activas en adquisiciones en Latinoamérica, con un total de 16 operaciones, seguidas de cerca por las empresas norteamericanas, que han protagonizado 14 transacciones. Por su parte, las empresas latinoamericanas han realizado tres adquisiciones en Europa y dos adquisiciones en Norteamérica.

Private equity y venture capital

Durante enero de 2016 se han registrado en Latinoamérica un total de 10 transacciones de private equity por importe de USD 1,314.57m.

En el segmento de venture capital, por su parte, se han contabilizado 12 operaciones por importe de USD 67,26m.

Transacción destacada

En enero de 2016, TTR ha seleccionado como transacción destacada la adquisición por parte de Brookfield Asset Management del 57.61% de Isagén al Gobierno de Colombia. La operación, que ha registrado un importe de aproximadamente USD 2.000m, ha estado asesorada por la parte legal por Philippi, Prietocarrizosa & Uría, y en la parte financiera por BBVA Corporate Finance.

Para más información:

Daniel Hernández

TTR – Transactional Track Record

T (ES) +34 91 279 87 59

daniel.hernandez@ttrecord.com

www.TTRecord.com