MERGERS & ACQUISITIONS
MEXICO
MONTHLY ISSUE
2019FEBRUARY
Seale & AssociatesCreative Solutions. Trusted Advice.
$15.8
$8.6
$11.4
$8.6
$0.7
$1.4
2015
2016
2017
2018
Feb YTD. '18
Feb YTD. '19
SUMMARY OF MERGERS & ACQUISITIONS IN MEXICO
In February 2019, 10 transactions were announced in Mexico, a decrease of 38% over last
month. Also, total reported deal value was US$185 million. Total deal volume and deal
value as of February 2019 were 26 and US$1,407 million respectively, representing an
increase in deal value of 105% and a decrease of 21% in deal volume over the same period
last year.
Mexico M&A February 2019Seale & Associates
Creative Solutions. Trusted Advice.Sources: Capital IQ, Mergermarket
Deal Volume in Mexico
# of Transactions per Month
Deal Volume and Value in Mexico
Annual Transactions (US$ billion)
27
21 20 1921
13 13
18
9
1816
10
Mar18'
Apr18'
May18'
Jun18'
Jul18'
Aug18'
Sep18'
Oct18'
Nov18'
Dec18'
Jan19'
Feb19'
226
210
240
26
212
33
$13.4
$9.6
$8.9
$5.2
$1.2
$0.6
2015
2016
2017
2018
Feb YTD '18
Feb YTD '19
Mexican companies completed 2 acquisitions outside of Mexico with no reported value.
February year to date volume of announced transactions was 8 with a combined reported value
of US$647 million, representing a decrease in both value and volume of 45% and 11%
respectively compared to the same period last year.
Seale & AssociatesCreative Solutions. Trusted Advice.Sources: Capital IQ, Mergermarket
Deal Volume of Mexican CompaniesAcquiring Abroad
# of Transactions per month
Deal Volume and Value of Mexican CompaniesAcquiring Abroad
Annual Transactions US$ billion
SUMMARY OF MERGERS & ACQUISITIONS BY MEXICAN COMPANIES ABROAD
Mexico M&A February 2019
0
2
4
6
8
10
Mar18'
Apr18'
May18'
Jun18'
Jul18'
Aug18'
Sep18'
Oct18'
Nov18'
Dec18'
Jan19'
Feb19'
8
47
49
39
9
47
6
6
4
4
3
2
1
Others
Real Estate
Financial
Industrial
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 6 announced transactions,
representing 23% of total volume. Meanwhile, the telecommunications sector leads total
acquisitions of Mexican companies abroad with 2 announced transactions.
Deals in Mexico by Industry
YTD February 2019 Transactions: 26
YTD February 2019 Transactions: 8
Representative International Acquisitions by Mexican Companies
*Oil & Gas, IT, Infrastructure, Healthcare, Consumer Goods and Others
Mexico M&A February 2019
3
1
2 TELECOMMUNICATIONS
MINERY
OTHERS
1INDUSTRIAL
HEALTH 1
Deal Summary Target Buyer
Phoenix Tower International LLC, American
telecommunications company, announced the
acquisition of Latin America Tower Portfolio
of Uniti Group Inc., it comprises 500
commercial towers in Mexico, Colombia and
Nicaragua, por US$100 million
Fibra Storage, real estate trust in Mexico,
announced the acquisition of 5 properties in
Mexico City, for US$65 million
CalAmp Corp., telematic enterprise in the US,
announced the acquisition of the 87.5% stake
of LoJack de México, S. de R.L. de C.V.,
security and GPS systems, for US$13 million
Promecap, S.A. de C.V., financial services in
Mexico, announced the acquisition of
Portfolio of Finterra Credits, loans to the
agriculture sector, for US$7 million
ATCO Ltd., a Canadian company with
presence in various industries, announced the
acquisition of Espaciomovil (Alto Diseño
S.A. de C.V.), modular spaces in Mexico, for
an undisclosed amount
Sources: Capital IQ, MergermarketSeale & Associates
Creative Solutions. Trusted Advice.
REPRESENTATIVE TRANSACTIONS IN MEXICO
Finterra
Portfolio
Mexico M&A February 2019
5 Properties in
Mexico City
Latin America
Portfolio
Deal Summary Target Buyer
CryoHoldco de Latinoamérica, S.A.P.I. de
C.V., Mexican operator of a stem cell bank,
announced the acquisition of Lazo de Vida
SAC., a stem cell preservation company in
Peru, for an undisclosed amount
GINmedia, a publishing house in Mexico,
announced the acquisition of a 20.6% stake of
Ecoprensa SA (El Economista), newspaper in
Spain, for an undisclosed amount
Sources: Capital IQ, MergermarketSeale & Associates
Creative Solutions. Trusted Advice.
REPRESENTATIVE INTERNATIONAL ACQUISITIONS BY MEXICAN COMPANIES
Mexico M&A February 2019
DEAL OF THE MONTH
ATCO LTD, ANNOUNCED THE ACQUISITION OF
ESPACIOMOVIL
ATCO Ltd., a Canadian company with presence in various industries,
announced the acquisition of Espaciomovil (Alto Diseño S.A. de
C.V.), modular spaces in Mexico, for an undisclosed amount
BUYER
Espaciomovil manufactures
mobile offices, classrooms,
warehouses, hotels, etc.
ATCO has 182,000 square
feet, and 1,300 mobile units
in Mexico
TARGET
Sources: Capital IQ, MergerMarket, Press ReleaseSeale & Associates
Creative Solutions. Trusted Advice.
The transaction will allow
ATCO Espaciomovil to be
the largest manufacturer
of modular products in
Mexico
Mexico M&A February 2019
+6,000 EMPLOYEES
VALUE +US$17.5 MM
FOUNDED IN 1947
LOCATED IN GUADALAJARA
+220 EMPLOYEES
FOUNDED IN 1999
DEALS IN MEXICO IN FEBRUARY 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 February 2019
Seale & AssociatesCreative Solutions. Trusted Advice.
Sources: Capital IQ, MergermarketSeale & Associates
Creative Solutions. Trusted Advice.
REPRESENTATIVE INTERNATIONAL ACQUISITIONS BY MEXICAN COMPANIES IN FEBRUARY 2019
Telecommunications IT Oil & Gas
Mining Real Estate Others Financial EnergyConsumer
GoodsIndustrial Infrastructure Healthcare
Mexico M&A February 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 Rios
Diego Perezcano
Aaron Garcia
Miguel Leal
Brand Assistant
Diego HernandezJunior Analyst
Alberto LopezJunior Analyst
Alejandro SalinasJunior Analyst
Nicolas Reynoso Junior Analyst
Daniela AldasoroJunior Analyst
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Washington, D.C. | Miami | Mexico City | Monterrey