Topic: Cross-border M&A

Citi acquires Deutsche Bank’s Mexican licence as it eyes IPO

International firm White & Case LLP and Creel, García-Cuéllar, Aiza y Enríquez SC in Mexico City have helped Citigroup acquire Deutsche Bank’s Mexican banking licence, moving the US financier one step closer to launching an IPO for its local subsidiary Banamex.

11 August 2023

Galicia features in German-Taiwanese car JV

German automotive group ZF Friedrichshafen has hired Galicia Abogados to enter into a joint venture with Taiwanese electronics manufacturer Hon Hai Technology to develop car parts, including a production line that will involve all 16 of ZF’s factories in Mexico.

11 August 2023

Mexican firms steer tourism acquisition

Holland & Knight (Mexico) has helped a group of real estate developers acquire Promociones Turisticas, a holding company that controls a popular marina in the western state of Baja California Sur.

08 August 2023

Israeli fund divests stake in luxury São Paulo shopping centre

Brazilian firm Daló e Tognotti Advogados has helped local investor JHSF Capital acquire a stake in a São Paulo shopping centre from Israeli real estate group Gazit-Globe, paying 562 million reais (US$119 million).

08 August 2023

Saudi Arabian investors inject US$3.4 billion into Vale subsidiary

Five Cleary Gottlieb Steen & Hamilton LLP offices and Demarest Advogados in São Paulo have helped the base metals subsidiary of Brazilian mining giant Vale receive a US$3.4 billion investment from Saudi Arabia’s Manara Minerals and Californian investment fund Engine No. 1.

07 August 2023

US credit bureau Equifax snaps up Brazil’s Boa Vista

Four Hogan Lovells LLP offices and Machado Meyer Advogados in São Paulo have helped the Brazilian arm of US consumer credit reporting agency Equifax acquire local counterpart Boa Vista in a deal worth 3.1 billion reais (US$583 million).

04 August 2023

US confectioner buys Brazilian counterpart Dori

Willkie Farr & Gallagher LLP in New York and Mattos Filho in São Paulo have helped Ferrera Candy Company – the largest sugar confectioner in the US – acquire Dori Alimentos, one of Brazil’s leading manufacturers and distributors of sweets and snacks.

03 August 2023

Puerto Rico’s Evertec buys Brazilian fintech

Puerto Rican payment processor Evertec has hired Latham & Watkins LLP in New York and Washington, DC and Brazilian firm Mattos Filho acquire fintech business Sinqia.

01 August 2023

Colombia, Chile and Peru stock exchanges close in on merger

Estudio Echecopar member firm of Baker McKenzie International in Lima has helped Peruvian stock market BVL integrate with its Colombian and Chilean counterparts.

31 July 2023

TozziniFreire and Mattos Filho guide cross-border biotech M&A

French biotechnology company Olmix has enlisted TozziniFreire Advogados to acquire a majority stake in Brazilian counterpart Yes Sinergy, which specialises in producing natural additives.

28 July 2023

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