Publications
May 2012
May 2012
BRAZIL
The Brazilian transactional market, in May, was particularly active, increasing by 23% in number of deals registered compared to April. Cross-border activity was similar to previous months, namely the acquisitions of Brazilian companies by foreign corporations. The United States was in the lead followed by Germany, this time, with three registered deals. The largest deal of the month was the acquisition of Ypióca, a Brazil-based brandy producer, by Diageo, a UK-based drinks manufacturer. The deal value was BRL 900m. Highlights include the beginning of the merger process between Azul Linhas Aéreas and Trip Linhas Aéreas, which will produce a new company named Azul Trip S.A.. Furthermore, Japan-based Takeda acquired Multilab for BRL 540m. In addition, General Brands acquired a 50% stake in Divino Sapore, a manufacturer of chocolates, for BRL 35m.
LATIN AMERICA
The Latin American transactional market's activity in May was similar to April, with a slight increase in the number of deals registered. Furthermore, Mexico, Colombia and Chile were the most active. Highlights this month were cross-border deals, both Latin American countries investing abroad and foreign companies investing in this region. One of the main deals was the take-over offer announced by Mexico-based América Móvil to acquire a 28% stake in Holland-based KPN, by approximately USD 3,438.6m. Furthermore, the also Mexican Mexichem acquired Holland-based Wavin Group, for USD 718.71m. In Chile, North American Walmart acquired a 40% stake in Essal (Empresa de Servicios Sanitarios de Los Lagos), held by Government owned Corfo-Corporación Fomento de la Producción. The deal value was USD 88m.
