Global economic uncertainty marked by war, inflation and supply-chain headaches have yet to hinder inbound interest in Mexican assets – particularly in the technology and internet segment, according to Transactional Track Record (TTR).

TTR recorded 36 foreign acquisitions in the technology and internet sub-sector between January and July, up 33% from the same period of 2021

Meanwhile, private equity and venture capital funds have been busy in Mexico, with the number of operations in the first seven months of 2022 rising 11% and disclosed deal value for those transactions climbing 111% year-on-year to US$3.42bn – US$1.53bn in private equity transactions and US$1.88bn from venture capital deals.

“The startup and venture capital ecosystem has grown at record rates in the last 12 months, allowing the birth and development of a large number of companies whose valuations continue to surprise,” TTR research and business analyst Marcela Chacón told BNamericas.

Source: Business News Americas / BN Americas - Chile