TTR In The Press
Business News Americas / BN Americas
December 2016, Raul Zorrilla
LatAm sees dealmaking growth soar
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The value of M&A, private equity and venture capital deals in Argentina, Brazil, Chile, Colombia, Mexico and Peru reached US$12.8bn last month, up 443% year-on-year.
For January-November, the deal value rose 26% to US$122.7bn, according to research firm TTRecord.
The largest transactions during November were the purchase of oil field BM-S-8 from the Brazilian state oil giant Petrobras by Statoil Brasil for US$2.5bn, and the US$2bn acquisition of part of the oil distribution network of Argentina's Grupo Indalo by Holland's Gunvor Group.
The number of transactions in November and January-November were 177 and 1,833, of which 68 and 815 disclosed price-tags.
Argentina continued to outperform the rest of the region with the deal value in the first 11 months soaring 579% to US$11.6bn, followed by an increase of 221% in Chile to US$22.4bn. With growth of 60% and 42%, Colombia (US$10.3bn) and Brazil (US$68.7bn) came in third and fourth.
The value of deals in Mexico and Peru fell by 13% and 17% to US$26.8bn and US$5.8bn, respectively.
Source: Business News Americas / BN Americas - Chile