As of August, 234 transactions have been recorded in the country for US$ 11.919 billion.

The M&A market in Mexico has recorded a total of 234 mergers and acquisitions, between announced and closed, for an aggregate amount of US$ 11,919 million, as of August 2024, according to the monthly report by TTR Data.

These figures represent a 7% decrease in the number of transactions and a 5% increase in their value, compared to the same period in 2023.

In August, 28 transactions were recorded, both announced and closed, for an aggregate amount of US$ 2.203 billion.

In terms of sectors, the Software Specific Industry and Real Estate sectors have been the most active this year, with 44 and 31 transactions, respectively.

CROSS-BORDER SCOPE

As regards the cross-border market, up to the eighth month of 2024, Mexican companies have mainly invested in Spain and the United States, with 14 and 12 transactions, respectively. In terms of value, Spain stands out, with US$ 1,384 million.

On the other hand, the United States is the country that has invested the most in making acquisitions in Mexico, with 50 deals with a cumulative value of US$ 1,454 million.

PRIVATE EQUITY, VENTURE CAPITAL AND ASSET ACQUISITIONS

As of August 2024, a total of 30 Private Equity transactions have been recorded for US$ 1,089 million, which implies an increase of 7% in the number of transactions and 390% in their value, in year-on-year terms.

As of August 2024, a total of 62 Venture Capital transactions have been recorded for US$888 million, which implies a 10% decrease in the number of transactions and a 49% increase in their value, compared to the same period of the previous year.

In the Asset Acquisitions segment, up to August, 53 transactions have been recorded for US$ 1,999 million, which represents an increase of 13% in the number of transactions and 14% in their value, compared to August 2023.

FEATURED TRANSACTION

For August 2024, TTR Data has selected as a notable transaction the one related to Fibra Prologis, a real estate management entity based in Mexico City, which has acquired 77.14% of Terrafina through a Public Acquisition Offer (OPA) for approximately US$ 1,533 million. With the transaction, Fibra Prologis becomes the most important industrial real estate entity in Mexico.

The transaction was advised by Creel, García-Cuéllar, Aiza y Enríquez and Cleary Gottlieb Steen & Hamilton; and by Goldman Sachs, financial advisors. Additionally, Cuatrecasas México and Skadden, Arps, Slate, Meagher & Flom acted as legal advisors to Goldman Sachs.

FINANCIAL AND LEGAL ADVISORS RANKING

The report publishes the 2024 financial and legal advisory rankings in M&A, Private Equity, Venture Capital and Capital Markets, which report on the activity of the leading firms by number of transactions and by amount.

The TTR Data ranking of financial advisors, by number of transactions, is led by Banco Santander, with 5 deals , followed by 414 Capital – RióN and Deloitte México, with 4 transactions. In terms of value, Goldman Sachs leads, with US$ 1,598 million.

In terms of the ranking of legal advisors, Creel, García-Cuéllar, Aiza and Enríquez lead the ranking by number of transactions and by amount, with 25 deals and US$ 2,673 million.