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América Latina - Maio 2014
Maio 2014
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(content in english)
In May, the Latin American M&A market registered a slight increase in the investment volume generated, compared with the same period last year. Nevertheless, the transactional activity is showing a downward trend, with the exception of Mexico that registered the same number of deals as in May 2013. This is the result of transaction agreements recorded in the high-end market in deal size (> USD 500m). Highlights include the acquisition proposal presented by US-based Pilgrim’s, controlled by Brazil-based JBS, to acquire Hillshire Brands. The deal value was USD 7.70bn. Furthermore, Abbott Laboratories, a US-based pharmaceutical laboratory acquired a 72.62% stake in Chile-based CFR Pharmaceuticals, for USD 2.90bn.
By countries and number of deals, Brazil-based companies continue in the lead with 55 transactions registered, followed by Mexico with 13 and Argentina with 8. However, the investment volume generated in Brazil was USD 12.33bn, followed by Chile with USD 4.01bn and Mexico with USD 3.01bn.
In the cross-border sector, this month Asian companies reiterated their interest in the region, with four acquisitions in Latin America. Highlights include the acquisition made by Japan-based Prime Polymer of a 50% stake in Brazil-based PAC NE, a subsidiary of Produmaster. The deal value was confidential.
Regarding venture capital investments, in May, there were some relevant deals recorded in the technology and internet subsectors, a trend set in the last few months. Highlights include Colombian venture capital firm Promotora, which acquired a minority stake in Colombia-based Helppeople Software, through an investment for an undisclosed amount.
On the other hand, and once again, the capital markets did not register significant transactions, although there are some relevant capital increases and public offerings in the pipeline, which predict a dynamic second semester.
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