Mergers & Acquisitions

Most of our transactions are private and subject to 3-5 year non-disclosure limitations. Following is a brief description on those that have been publicly released:

• KIA Agencies Acquisition. We represented a Dealership Group in the acquisition of 2 KIA Agencies in the Yucatan Peninsula. October 2021.
• Nissan Agency Sale. We represented a Mexican family in the sale of the Nissan Tochigi Agency. October 2021.
• Nissan Agencies Acquisition. We represented a Dealership Group in the acquisition of 2 Nissan Agencies in Mexico City. October 2021.
• KIA Agency Acquisition. We represented a Dealership Group in the acquisition of the KIA Cd Juarez Agency. August 2021.
• Fimeco’s Sale to Riverstone. We represented Fimeco, a Fintech specialized in providing lease-to-own credits to ride hailing platform drivers in its sale to the mobility platform of Riverstone Holdings, a global private equity fund. July 2021.
• Grupo Zapata’s Internal Buyout. We represented a family shareholder in the sale of 33% of Grupo Zapata, a leading company in Mexico and Central America in the manufacture of steel tinplate components and containers. July 2021.
• Finterra's Sale to Credijusto. We advised Finterra, a Mexican bank specialized in the agricultural business sector, in its sale to Credijusto, a fast-growing Fintech focused in loans to small and medium-sized businesses and consumers. June 2021.
• Acquisition of Calera Peñuela & Contadero. We represented Grupo Calidra, a leading lime & limestone producer and marketer in Latin America, in the acquisition of Peñuela & Contadero, an important regional player in the Gulf of Mexico. April 2021.
• Sale of Garcomex to Bia Brands. We represented Garcomex, a leading Mexican coffee and tea manufacturer, in its sale to Bia Brands, a conglomerate of food brands with presence in 11 countries in North, Central and South America, and the Caribbean. September 2020.
• Fimeco's Capital Injection. We presented Fimeco’s Business and Financial Plan to Investors and participated in the negotiation of its capital Injection to grow its electronic platform drive-to-own business from 100 car loans per month to 500 in 1 year. February 2020.
• Internal Buyout of Minority Stake in Kipling. We advised this 3,000 student K-12 School Group in the internal buyout of a large minority equity stake held by a PE Family Office. We performed a thorough Valuation of the 3 schools and their Real Estate. January 2019.
• Internal Buyout of Linzor’s stake in Devlyn. We represented the Devlyn Family in the acquisition of Linzor Capital’s 23% stake in Grupo Devlyn, thus regaining sole ownership of the largest optical retail chain in Latin America with more than 1,200 stores. August 2018.
• Traxion's Acquisition of Redpack. We represented Redpack, a leading Mexican door to door parcel company, in its sale to Traxion, the largest logistics and transportation company in Mexico (BMV: TRAXIONA). May 2018.
• Sale of Lafon Launay Cosmetics. We represented Lafon, a personal care product manufacturer and distributor of creams and hair care brands, in its sale process to a Private Equity Group. March 2018.
• Internal Buyout of IESCA. We advised the Group for an internal buyout among the 3 family members. It controls various Real Estate investments. Its main Assets are 3 shopping malls in the State of Mexico with 32,000m² of GLA. December 2017.
• Corporación Zapata’s Acquisition of Car Dealer. We executed the acquisition of the first Hyundai Dealership by Corporación Zapata, a leading Ford, Mercedes Benz, and Mazda car dealership Group. October 2017.
• Lego Store Business in Mexico. We represented Grupo Juguetron, a leading Mexican specialized toy retailer with over 100 stores, in winning the bidding process for the Lego Store Business in Mexico and advised in the financing process. August 2017.
• Sale of an Architectural Glass Finishing Plant. We represented Lindes, a leading Mexican architectural glass finisher, in its sale process to a regional Private Equity Firm, thus consolidating their portfolio in the construction industry. February 2016.
• Lala’s Acquisition of La Perfecta. We originated and executed the acquisition of this leading dairy products manufacturer and distributor in Nicaragua, helping our client consolidate its SOM in the region. January 2016.
• Sale of Corne’s Pharma SBU to Besins. We represented Laboratorios Corne in the takeback of its Mexican pharma products commercialization SBU by the French multinational Besins Healthcare. December 2015.
• Grupo Industrial Saltillo’s Acquisition of Funcosa. We originated and executed the acquisition of this leading plumbing distributor of connections for water and gas systems, helping Grupo Industrial Saltillo further consolidate its leading SOM. December 2014.
• JV between Devlyn and Colsa. We represented Devlyn, the largest optical retail chain in Mexico, in its merger with Colsa (owned by Linzor Capital), creating the largest optical retail chain in Latin America with more than 1,200 stores. October 2014.
• Cemix’s Acquisition of INDUCISA. We executed the acquisition of this leading Guatemalan regional adhesive and mortar player, consolidating our client’s leading SOM in this sector. August 2014.
• Sale of Etiquetas Rodak to Baumgarten Gráfica. We represented Mexico’s Etiquetas Rodak in its sale process to the Brazilian multinational Baumgarten Gráfica, Latin America’s leader in the packaging label industry. January 2014.
• Sale of Grupo Cinemas to Albavisión. We represented the shareholders of the leading movie theater chain in Nicaragua, in its sale to US based Albavisión, a leading media conglomerate in Latin America. January 2014.
• Investment in a Mexican Deep Land Oil Rig Company. We represented 2 Private Investment Groups in the valuation and acquisition of a Mexican Deep Land Oil Rig Company. January 2014.
• Lala's acquisition of Eskimo. We originated and executed the acquisition of this leading dairy products manufacturer and distributor in Nicaragua, helping our client enter the region. December 2013.
• Cemix’s Acquisition of TexRite. We executed the acquisition of this leading Texas regional grout and thinset player and consolidated our client’s SOM in southern US. November 2011.
• Cemix’s Acquisition of Mega Concretos. We executed the acquisition of this regional concrete player, and further consolidated our client’s SOM in this sector. November 2011.
• Cemix’s Acquisition of UltraKote. We executed the acquisition of this leading Arizona regional stucco player and opened the southern US market to our client. July 2011.
• Sale of Expogranos Mexicanos to Olam International. We represented the shareholders of Mercon Coffee, a global green coffee processor, in this sale by conducting an international search / bid process for the country’s third leading dry mill group. Olam International, a Singapore-based global leader in agricultural products trading, acquired this company. December 2010.
• Bronceadores Supremos - Playtex JV Dissolution. We were retained by the Mexican distributor partner of these sun care products to negotiate the takeback of the business from Energizer Corp. as a result of its acquisition of Playtex worldwide business. A successful, friendly handover was achieved with minimum disruption of business for both parties. July 2008.
• Fondika’s Strategic Equity JV with Allianz. We represented the shareholders of this rapidly growing, 2nd largest independent fund distributor with U$ 130 million in AUM in their strategic capital JV with Allianz. February 2008.
• Grupo Proeza’s Acquisition of 40% of Metalsa. We were retained as internal financial advisors for the minority equity acquisition of this leading North American automotive chassis manufacturer from Tower Automotive / Cerberus. December 2007.
• Southern Cross Fund Acquisition of Multi Medios Cinemas. We advised the fund on identifying candidates for their entry into Mexico and handled their introduction to the owner of the country’s 3rd largest cinema chain. 16 months later, this investment was resold at a significant profit to a local real estate group. October 2006.
• Sale of Hipotecaria Vanguardia to Banco del Bajío. We represented the shareholders of this rapidly growing mortgage institution with assets of U$ 100 million in its sale to Banco del Bajío, a middle size regional bank in Mexico. Transaction consideration of U$ 28 million. March 2005.
• Cemix’s Acquisition of Plastinak. We executed the acquisition of this leading regional rotomolded water tanks player and further consolidated our client’s SOM in this sector. July 2004.
• Sale of Super Lustre to Vantex. We represented the shareholder of this specialized importer and distributor of household cleaning products. Vantex, a JV between a local group and Corazzi (Italy), acquired the company to consolidate its shelf space presence in the modern trade channel. October 2002.
• Cemex’s Acquisitions of 2 Hydrated Lime Companies. We executed the separate acquisitions of 2 leading players in Mexico, completing these over a period of 6 months. By not disclosing the identity of our client, it was able to capture a significant SOM of this industry at favorable prices. November 2001 and May 2002.
• Sale of Grupo Industrial Phillips Lock Companies to Assa Abloy. We represented the shareholders of the country’s leading lock manufacturer in the sale process by conducting an international search / bid process for this U$ 70 million in sales group. Assa Abloy of Sweden was the acquirer, subject to a number of conditions set by the Federal Antitrust Commission for its approval. September 2001.
• Manufacturing Alliance among the Leading Metal Fabricators in Mexico and the US. We advised Consorcio Industrial in the search and negotiation process for a strategic alliance with a global partner. As a result of the alliance, St. Louis, Mo. - based Nooter Corp, the leading US large-scale, high-end metal fabricator, transferred all its manufacturing activity for the Americas to lower-cost Consorcio’s plant in Monterrey. August 2000.
• Sale of Salinas y Rocha Consumer Durable Retailing Chain to Elektra. The financial creditors of this nationwide 100-plus chain of stores with sales of U$ 200 million engaged Shankar Dadoo to conduct, as Chairman and CEO, the bidding and closing process for this sale. Elektra acquired the company for U$ 78 million. March 1999.
• Sale of Disston and Metromex Hand Tool Companies to Cooper Industries. The shareholders of these separate companies with combined sales of U$ 17 million engaged us to conduct the valuation and sale processes, as well as the search for the potential investors. Cooper Industries acquired these companies for U$ 20 million. December 1998.
• Metalsa’s Joint Venture with Tower Automotive in the Autoparts Industry. The shareholders of Metalsa, a leading North American chassis company based in Monterrey, with sales of U$ 160 million, requested our advice in their strategy and selection of an international financial advisor to guide them in the sale of 40% of its equity to a foreign technology partner. We introduced, facilitated the relationship, and acted as co-advisors to Violy, Byorum & Partners. Tower Automotive was selected and became Metalsa’s JV partner for Mexico and Latin America expansion. October 1997.
• Sale of a 500-room Resort Hotel Property. An international corporate client that held a security interest right to a U$ 25 million property retained us for the business valuation and introduction / negotiation with potential acquirers of this four-star hotel, as well as for its financial restructuring. November 1996.
• Marriott’s Bid for the Acquisition of Bancomer’s Westin Regina Hotels. We proposed to Bancomer the benefit of the sale of these 3 luxury resort properties (U$ 350 million original investment) and were retained as co-advisors to Marriott’s agent, JD Wolfensohn Inc, on its bid as well as due diligence and valuation activities. May 1995.
• TransUnion Joint Venture into the Datum Banking Credit Reporting Bureau. The Datum Bureau was jointly owned by Mexican private banking system members. Its then 10 million individuals' database of credit card, auto, and consumer loans was the largest in the country. Shankar Dadoo was retained as CEO to overhaul the operations and search for a foreign technological entity to modernize the data reporting process. TransUnion of the US acquired a 40% equity participation in the resulting JV. March 1995.
• Labatt’s Acquisition of an Equity Stake of Brewer Femsa Cerveza. A 22% equity stake was acquired for U$ 510 million by this Canadian brewer. We were retained as facilitators in the due diligence process by Labatt’s investment bank, JD Wolfensohn Inc. Our role consisted of streamlining and facilitating the information exchange process, as well as of assisting Labatt to focus on the key domestic elements of information needed to raise their comfort level on this transaction. October 1994.
• Corimon’s Acquisition of General Paint. This Venezuelan private petrochemical group was undertaking a Latin America acquisition strategy. We were requested by Morgan Stanley to act as country advisors to Corimon. We performed the identification and initial evaluation of different target Mexican companies, as well as facilitated the initial approach, negotiation, and due diligence process. With sales of U$ 15 million, General Paint was acquired from AKZO Group of Holland. August 1994.
• Sale of the Printing Business Unit of Bancomer. With U$ 25 million in sales, these companies manufacture business forms, checkbooks, credit card plastics, and other stationery products for in-house use, as well as for third parties. Shankar Dadoo streamlined these operations, and headed the sale process to a large local printing investor group. October 1993.