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TRANSCRIPT
MERGERS & ACQUISITIONS
MEXICO
MONTHLY ISSUE
2019MARCH
Seale & AssociatesCreative Solutions. Trusted Advice.
$15.8
$8.6
$11.4
$8.6
$2.5
$1.8
2015
2016
2017
2018
Mar YTD. '18
Mar YTD. '19
SUMMARY OF MERGERS & ACQUISITIONS IN MEXICO
In March 2019, 13 transactions were announced in Mexico, remaining the same as last
month. Also, total reported deal value was US$366 million. Total deal volume and deal
value as of March 2019 were 42 and US$1,777 million respectively, representing a decrease
in both value and volume of 29% and 30% respectively compared to the same period last
year.
Mexico M&A March 2019Seale & Associates
Creative Solutions. Trusted Advice.Sources: Capital IQ, Mergermarket
Deal Volume in Mexico
# of Transactions per Month
Deal Volume and Value in Mexico
Annual Transactions (US$ billion)
226
210
240
42
212
60
21 20 1921
13 13
18
9
1816
13 13
Apr18'
May18'
Jun18'
Jul18'
Aug18'
Sep18'
Oct18'
Nov18'
Dec18'
Jan19'
Feb19'
Mar19'
$13.4
$9.6
$8.9
$5.2
$2.6
$1.6
2015
2016
2017
2018
Mar YTD '18
Mar YTD '19
Mexican companies completed 3 acquisitions outside of Mexico with a reported value of
US$905 million. March year to date volume of announced transactions was 11 with a combined
reported value of US$1,552 million, representing a decrease in both value and volume of 40%
and 15% respectively compared to the same period last year.
Seale & AssociatesCreative Solutions. Trusted Advice.Sources: Capital IQ, Mergermarket
Deal Volume of Mexican CompaniesAcquiring Abroad
# of Transactions per month
Deal Volume and Value of Mexican CompaniesAcquiring Abroad
Annual Transactions US$ billion
SUMMARY OF MERGERS & ACQUISITIONS BY MEXICAN COMPANIES ABROAD
11
47
49
39
13
47
Mexico M&A March 2019
0
2
4
6
8
10
Apr18'
May18'
Jun18'
Jul18'
Aug18'
Sep18'
Oct18'
Nov18'
Dec18'
Jan19'
Feb19'
Mar19'
12
9
7
6
5
2
1
Others
Real Estate
Industrial
Financial
Minery
Energy
Telecommunications
Sources: Capital IQ, MergermarketSeale & Associates
Creative Solutions. Trusted Advice.
*
SUMMARY OF MERGERS & ACQUISITIONS BY INDUSTRY
Real Estate leads M&A activity in Mexico during 2019 with 9 announced transactions,
representing 21% of total volume. Meanwhile, the telecommunications sector leads
total acquisitions of Mexican companies abroad with 4 announced transactions.
Deals in Mexico by Industry
YTD March 2019 Transactions: 42
YTD March 2019 Transactions: 11
Representative International Acquisitions by Mexican Companies
*Oil & Gas, IT, Infrastructure, Healthcare, Consumer Goods and Others
4
1
3TELECOMMUNICATIONS
MINERY
OTHERS
1 INDUSTRIAL
HEALTH 1
Mexico M&A March 2019
CONSUMER GOODS 1
Deal Summary Target Buyer
Owens-Illinois, the US manufacturer of glass
products, announced the acquisition of
Nueva Fanal, a glass container plant in
Mexico from Grupo Modelo, for US$188
million
Fultra, a transport group in Mexico,
announced the acquisition of Fruehauf de
México, trailer production and dollies in
Mexico, for an undisclosed amount
Finsa Ingeniería y Construcción, S.A. de
C.V., construction company in Mexico,
announced the acquisition of a portfolio of
industrial properties in Mexico, for US$63
million
An undisclosed buyer announced the
acquisition of a portfolio of 8 buildings in
Mexico for US$62 million
Talisis, an educational group in Mexico,
announced the acquisition of Harmon Hall,
English schools in Mexico, to Nexxus Capital
for US$28 million
Sources: Capital IQ, MergermarketSeale & Associates
Creative Solutions. Trusted Advice.
REPRESENTATIVE TRANSACTIONS IN MEXICO
Mexico M&A March 2019
Nueva Fanal
Undiscoled
Buyer
Portfolio of 8
Properties
Portfolio of
Industrial
Properties
Deal Summary Target Buyer
América Móvil, a Mexican
telecommunications company, announced the
acquisition of Nextel Holdings Brazil,
telecommunications services in Brazil, for
US$905 million
GINgroup, a Mexican media company,
announced the acquisition of El Financiero
de Panama, a media group in Panama, for an
undisclosed amount
Sources: Capital IQ, MergermarketSeale & Associates
Creative Solutions. Trusted Advice.
REPRESENTATIVE INTERNATIONAL ACQUISITIONS BY MEXICAN COMPANIES
Mexico M&A March 2019
DEAL OF THE MONTH
AMÉRICA MÓVILANNOUNCED THE ACQUISITION OF
NEXTEL HOLDINGS BRAZIL
América Móvil, a Mexican telecommunications company,
announced the acquisition of Nextel Holdings Brazil,
telecommunications services in Brazil, for US$905 million
BUYER
Brazil has 229.2 million
mobile subscribers
Nextel belonged to the NII
group and to AI Brazil, which
owned 70% and 30%
respectively
TARGET
Sources: Capital IQ, El EconomistaSeale & Associates
Creative Solutions. Trusted Advice.
América Móvil now has
30% of the
telecommunications
market in Brazil
+189K EMPLOYEES
PRESENCE IN 25 COUNTRIES
LEADER IN LATAM
IN BRAZIL SINCE 1997
+4K EMPLOYEES
4 MILLION CLIENTS
Mexico M&A March 2019
DEALS IN MEXICO IN MARCH 2019
Sources: Capital IQ, MergermarketSeale & Associates
Creative Solutions. Trusted Advice.
Telecommunications IT Oil & Gas
Mining Real Estate Others Financial EnergyConsumer
GoodsIndustrial Infrastructure Healthcare
Mexico M&A March 2019
Seale & AssociatesCreative Solutions. Trusted Advice.
Sources: Capital IQ, MergermarketSeale & Associates
Creative Solutions. Trusted Advice.
REPRESENTATIVE INTERNATIONAL ACQUISITIONS BY MEXICAN COMPANIES IN MARCH 2019
Telecommunications IT Oil & Gas
Mining Real Estate Others Financial EnergyConsumer
GoodsIndustrial Infrastructure Healthcare
Mexico M&A March 2019
REPRESENTATIVE MEXICO ENGAGEMENTS
to
Holding company of
merged its
beverage division
with
has merged with
a business of
has partnered with
a subsidiary of
has sold
to
its sanitaryware business
and
a business unit of
has sold
Cosmocel Química
to
intelectiva®
has acquired
KFC Costa Rica
from
sold
to
sold
to
Grupo Galaz, S.A de C.V.
dealers of
has partnered with
workshop and store in
Mexico City from
Acquisition
Advisory
Services
Corporate
Finance
Advisory
Services
has formed a partnership in
the casting tools business
between
and
has acquired
has acquired
has been acquired by
has been acquired by
has acquired
has acquired
has been acquired by
has been acquired by
merged its
beverage division
with
Acquisition
Advisory
Services
has carved out and sold
its concrete pumping
assets in Mexico
has formed a
partnership to market
and develop oil storage
and distribution in
Mexico with
Corporate
Finance
Advisory
Services
Corporate
Finance
Advisory
Services
acquired a 61% stake on
Acquisition
Advisory
Services
Corporate
Finance
Advisory
Services
Washington, D.C. | Miami | Mexico City | Monterrey
has partnered with
Since 1999, Seale & Associates has been the trusted advisor
to highly respected public and private companies from around
the world, with a track record of success in a diverse range of
industries. Seale is an elite boutique global investment banking
firm with extensive experience in mergers and acquisitions
(M&A), corporate finance advisory, and enterprise level
strategy consulting. Our experienced team of professionals are
committed to serving clients with excellence and integrity,
while offering innovative ideas and solutions to address
complex dealings. All securities related transactions are cleared
through Seale Capital, Inc., a registered broker dealer and
member of FINRA and SIPC.
ADVISOR TO LEADING COMPANIES WORLDWIDE
CONTACT INFORMATION
950 N. Glebe RoadSuite 950Arlington, Virginia 22203Phone: +1 (703) 294 6770
37, Moliere GranadaMexico City, 11520Phone: +52 (55) 8000 7463
Please contact us if you would like further information about M&A trends and/or specific transaction multiples for your industry.
Mexico Contact Information
James A. Seale
President
Brett M. Carmel
Senior Managing Director & Co-founder
Felipe Bueno Viesca
Senior Director
Sergio Garcia del Bosque
Managing Director
Adan Sierra
Managing Director
Carlos Hernandez
Managing Director
Alejandro Montemayor
Senior Associate
Sofia Felix
Business Development
Armando RiosAnalyst
Diego PerezcanoAnalyst
Aaron GarciaAnalyst
Miguel LealBrand Assistant
Diego HernandezJunior Analyst
Alberto LopezJunior Analyst
Alejandro SalinasJunior Analyst
Nicolas Reynoso Junior Analyst
Daniela AldasoroJunior Analyst
Seale & AssociatesCreative Solutions. Trusted Advice.
Washington, D.C. | Miami | Mexico City | Monterrey