Mergers & Acquisitions in Latin America

Fact Sheet

Experience

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    • BTG Pactual in its acquisition of Greytown Advisors, a multifamily office located in Miami.
    • BTG Pactual in its minority investment, alongside other investors, in Pershing Square, a newly formed limited partnership that owns 100% of Pershing Square Capital Management, in a transaction valued at $1.05 billion.
    • Southern Cross Group in its sale of Esmax, a fuels and lubricants retailer, to Aramco, an integrated energy and chemicals company.
    • Ontario Teachers’ Pension Plan and Alberta Investment Management Corporation in the $1.5 billion sale of a 99.09% interest in Enel Transmisión Chile by their affiliate, Grupo Saesa.
    • H.I.G. Capital, a leading global alternative investment firm with over $45 billion of equity capital under management, in its acquisition of a majority stake in Grupo Ransa, a leading third party logistics operator in the Andean Region and Central America.
    • Naviera Ultranav in the combination of Ultragas ApS’s fleet business with Navigator Holdings. The combined entity will have an aggregate net asset value of approximately $1.3 billion.
    • International Paper in the sale of its Brazilian corrugated packaging business to Klabin.
    • Brookfield Business Partners and its institutional partners in their acquisition of Ouro Verde, a leading Brazilian fleet management company.
    • An affiliate of Globo in the merger of Zap, a subsidiary of Globo, with Viva Real, forming one of the leading digital real estate portal companies in Brazil.
    • Ambev S.A. in the acquisition of a 30% interest in Cervecería Nacional Dominicana (CND), the leading beer company in the Caribbean, and the restructuring of its joint venture with E. León Jimenes, in a transaction valued at $926.5 million.
    • Brookfield Business Partners and Brookfield Asset Management in their proposed acquisition for $768 million of a 70% controlling stake in the business of Odebrecht Ambiental, Brazil’s largest private water distribution, collection and treatment company.
    • GP Investments in a joint venture with a subsidiary of the Abu Dhabi Investment Authority (ADIA) to finance the acquisition, through a tender offer in Brazil, of a controlling stake in BR Properties, a Brazilian real estate company.
    • AXA in its agreement with SulAmérica to acquire 100% of its Large Industrial and Commercial risks insurance business in Brazil.
    • Assurant in its investment in Iké Asistencia, a services assistance business with operations in Mexico and other countries in Latin America.
    • Mitsui in its investment in VLI, a cargo logistics company.
    • Capital International and Acon Investments in their acquisition of Vetra Energia, S.L., an oil and gas exploration and development company operating primarily in Colombia.
    • Eutelsat in its $1.14 billion acquisition of Satélites Mexicanos.
    • A significant Japanese investor in its purchase of an interest in one of Brazil’s largest hydroelectric projects.icon-alt
    • The Principal Financial Group in its acquisition of AFP Cuprum S.A., a pension manager in Chile.
    • New York Life Insurance Company in the sale of its Mexico surety subsidiary, Fianzas Monterrey, to ACE Group, for about $285 million.
    • Mitsui in its joint venture with Codelco to acquire 29.5% of Anglo American Sur.
    • Ambev S.A. in its $1.24 billion acquisition of indirect control of Cerveceria Nacional Dominicana (CND) and its strategic alliance with E. León Jimenes to create the leading brewer in the Caribbean.
    • Pan-American Life Insurance in its acquisition of select businesses and assets from MetLife in the Caribbean, Panama and Costa Rica.
    • Prudential Financial in its sale of Afore XXI, a Mexican private pension manager, to Banorte.
    • Companhia Brasileira de Metalurgia e Mineração (CBMM) in the sale of a stake in CBMM to a consortium of five Chinese companies for $1.95 billion, and on a separate sale, to a consortium of Japanese and Korean companies, for the same value.
    • Capital Group in a significant minority investment in Constellation Overseas, the oil services subsidiary of the Queiroz Galvão Group.
    • Capital Group, PineBridge and the International Finance Corporation in the $442 million indirect sale of their 39% stake in Jumbo Retail Argentina to Cencosud.
    • Globo Comunicação e Participações in its $608.4 million sale of a strategic equity stake in SKY Brasil to DIRECTV.
    • BM&F Bovespa in its $620 million investment in and joint venture with CME Group to form Global Preferred Strategic Partners.
    • Carlyle in its acquisition of a majority interest in CVC Brasil Operadora e Agência de Viagens S.A., the largest tour operator in Latin America.
    • Capital Group in its investment in Grupo IBMEC Educacional.
    • Prudential Financial in its strategic partnership with GAP Asset Management of Brazil.
    • Rank Group in its purchase of Alcoa's packaging and consumer businesses, including its Brazilian assets.
    • AXA Group in its $1.5 billion acquisition of ING Seguros, the Mexican insurance subsidiary of ING Groep.
    • Arcos Dorados in the initial financing for the acquisition of approximately 1,600 McDonald's restaurants in Latin America and the subsequent refinancing of a $350 million bridge facility and in a $65 million letter of credit facility.
    • Verizon in the $572 million sale of its 28.5% stake held in Compañía Anónima Nacional Teléfonos de Venezuela.
    • Phelps Dodge in its two separate sales totaling $440 million of assets in Sociedad Minera Cerro Verde, located in Peru, to Compañia de Minas Buenaventura and Sumitomo Metal Mining and Sumitomo.
    • Unibanco in its formation of a $1.3 billion joint venture with American International Group (AIG) and subsequent purchase of AIG's joint venture interest.
    • Globo and Net Serviços de Comunicação (Net) in its $370 million sale of an interest in Net to Teléfonos de México (Telmex).
    • Rio Minas Energia Participações in its $320 million acquisition of an approximately 80% interest in Light S.A., the Brazilian electric utility, from Électricité de France.
    • Unibanco in its sale of BWU Comércio e Entretenimento, which owns the right to use the Blockbuster trademark in Brazil, to Lojas Americanas.
    • Capital Group in its purchase of and subsequent sale of a 13.8% interest in Abril S.A., Brazil’s largest publishing and printing company. The original transaction was the first sale of a significant interest in a Brazilian media group to a foreign investor.
    • Verizon in its $1.1 billion purchase of a 13.4% interest in MCI from eight entities affiliated with Latin America telecom magnate Carlos Slim Helu.
    • Capital Group and AIG Capital Partners, owners with Cencosud of Jumbo Argentina, in Jumbo Argentina’s $315 million acquisition with the International Finance Corporation of the Disco unit of Royal Ahold.
    • Prudential Financial in its $129 million purchase of substantially all of IXE Grupo Financiero's 50% interest in Afore XXI, a private pension manager in Mexico. The other 50% is owned by the Instituto Mexicano del Seguro Social, the Mexican government agency responsible for providing health and retirement benefits to Mexican workers.