Topic: Cross-border M&A

GAP sells Old Navy in Mexico

Mexican retailer Grupo Axo has hired Creel, García-Cuéllar, Aiza y Enríquez, SC and SMPS Legal to acquire the local operations of clothing brand Old Navy from US counterpart GAP.

22 July 2022

US and Danish investors snap up Peruvian payment business

US investment fund Nuveen Global Impact Strategy and Denmark’s Maj Invest have enlisted Rodrigo, Elías & Medrano Abogados in Lima to buy a controlling stake in Maryland-based payment network GTV Globokasnet (GKN), a deal that hands them the Peruvian subsidiary Globokas.

20 July 2022

PPU in Chilean lithium project sale

Philippi Prietocarrizosa Ferrero DU & Uría (Chile) has helped mining group Minera Salar Blanco divest its stake in a local lithium project to Australia’s Lithium Power International (LPI).

20 July 2022

Brazilian environmental company combines with US SPAC

Brazilian environmental management company Ambipar has enlisted five Simpson Thacher & Bartlett LLP offices and Mattos Filho in São Paulo to combine its emergency response unit with a US special purpose acquisition company (SPAC), in a deal worth 168 million reais (US$31 million).

19 July 2022

Marval and Aranguren seal potato business buy

US food processing company Lamb Weston has enlisted Argentina’s Marval O'Farrell Mairal to increase its stake in local frozen potato products company Lamb Weston Alimentos Modernos through a US$42 million acquisition from Sociedad Comercial del Plata (SCP).

18 July 2022

US telecoms group buys Chilean towers for US$930 million

Two Simpson Thacher & Bartlett LLP offices, US firm Choate Hall & Stewart LLP, Chilean outfit Barros Silva Varela & Vigil and Greenberg Traurig SC in Mexico City have helped Phoenix Tower International buy 3,800 telecommunications towers in Chile from WOM for US$930 million.

13 July 2022

Several firms steer France-Mexico aerospace deals

Nader, Hayaux & Goebel has helped French aerospace manufacturer Figeac Aéro sell and acquire assets in Mexico through two separate transactions.

13 July 2022

Aeroméxico takes full ownership of loyalty scheme

Mexican airline Aeroméxico has hired the New York and London offices of Davis Polk & Wardwell LLP and Sainz Abogados in Mexico City to acquire the remaining stake in its loyalty programme from UK investment group Aimia for US$412 million.

12 July 2022

HIG Capital invests in Chilean cleaning products maker

US investment fund HIG Capital has enlisted Rebaza, Alcázar & De Las Casas in Lima to acquire a majority stake in Chilean cleaning product manufacturer Virutex Ilko.

08 July 2022

Brookfield buys car business from Localiza and Unidas

Canada’s Brookfield Asset Management has hired Cescon, Barrieu, Flesch & Barreto Advogados to acquire a rental car company from Brazilian industry giants Localiza and Unidas for 3.6 billion reais (US$715 million).

05 July 2022

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