Madrid, May 8 (Notimex) .-  Mergers and acquisitions in Mexico figure a total of 87 so far in 2017, 4.84 percent more than the same period last year, in 34 of them the amount reaches 8 thousand 666 million dollars, 2.46 percent  less.

In its April report, the specialized firm Transactional Track Record indicated that only last month there were 31 operations, nine of which add up to 1 thousand 921 million dollars, 439.19 percent in the monetary amount over April 2016.

Of the operations in the first four months of the year, 18 are small transactions with amounts less than 100 million, 10 are medium-sized between 100 and 500 million and six are large with figures above 500 million dollars.

The financial and insurance sectors, with 15 operations, and real estate with 12, are the ones that registered the most transactions in 2017, followed by the health, hygiene and esthetics sector, with seven records; and Internet with six businesses.

The United States, Spain and Canada are also the countries that have made more acquisitions in Mexico this year, with 10, 7 and 4 operations, respectively.

During the year, Mexican companies have invested mainly in the United States and Colombia, with eight and four transactions, respectively.

In the case of the US market, in two of the operations the Mexican companies have registered an amount of 2 thousand 410 million dollars; three transactions are in progress and five have already materialized. 

In the same period of 2016, five transactions of Mexican companies in the United States had been announced.

Among the transactions highlighted in the year (with revealed amount) are the purchase of Florida East Coast Railway by Ferromex, valued at 2 thousand 100 million dollars; and the purchase of Pittsburgh Glass Works by the Mexican Vitro, valued at 310 million dollars.

According to the specialized firm, these figures "represent the great investor appetite of Mexican companies in the US market, being amounts that make the difference with the value traded in the same period of 2016”

In these first months of the year, Mexican transactions in the United States are tilted in subsectors such as the Internet and the investment of Deutsche Bank México, financial subsidiary of Deutsche Bank, in the startup AirTM.

In addition, the capitalization of the Mexican IGNIA Fund I, investment vehicle of venture capital firm IGNIA Partners, in the US startup Abra.

Meanwhile, US companies in 2017 have tilted on operations in subsectors such as chemicals and chemical materials, as well as the real estate sector.

The acquisition of Ultrachem, a chemical company based in Tlalnepantla, Mexico, by US-based Nexeo Solutions, based in Texas; and the operation of Finsa and Walton Street Capital, in which they launched the acquisition of the MIA industrial property portfolio located in Tijuana.

Source: Notimex - Mexico