Deals from FinancePlus Latin America

Deals from FinancePlus Latin America

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Road Cargo Company Serving Uruguay, Argentina, Chile

A Uruguyan road cargo company with several decades of history as a contract basis carrier for subsidiaries of multinationals and larger regional companies is available for acquisition. The Company has a fleet of 60 trucks (Scania, Mercedes, Volvo), no debt, and USD 12m in annual sales with an EBITDA margin in the range of 15 to 20%. The owner is a motivated seller due to health issues and lack of succession.

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Expansion of a Gold Ore Processing Plant in Peru

A group of professional miners and managers have purchased a $30M gold ore processing plant and 1.25M tons of poorly processed ore estimated to contain 111,000 ounces of gold (43-101 verified) at a cost of $4.75M. The group is seeking financial partners to invest another $3M to help expand and modernize the plant. The initial goal would be to return investor cash through cash flow. The group is interested to have an IPO for the company within a year to achieve a value increase of 3x to 5x. The group is seeking Investors willing to invest a minimum of $25K up to $3M.

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Intuit Buys ZeroPaper, Its First Acquisition In Brazil

intuit-zeropaper Accounting software giant Intuit is looking to raise its game in international and emerging markets, and it’s doing so in part by way of acquisition: the U.S. company has bought ZeroPaper, a startup out of Brazil that offers cloud-based accounting services to small businesses, specifically money management solutions. Terms of the deal have not been disclosed. ZeroPaper says in a blog… Read More

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Rio de Janeiro

Attractive valuations seen helping Brazil M&A recovery this year

SAO PAULO, Jan 5 (Reuters) – Mergers and acquisitions in Brazil should gain steam in coming months as a slumping currency and lower asset prices prompted foreign companies and investment funds to spend $33.1 billion on takeovers in Latin America’s largest economy last quarter.

A stagnant economy and a 12.5 percent tumble in Brazil’s currency last year drove down asset prices and narrowed the gap between asking prices and bids, bankers said. That helped spur some robust dealmaking activity on complex deals like spinoffs, de-listings and debt restructurings, a trend that bankers expect again in 2015.

Last year, companies announced $77.07 billion worth of corporate takeovers in Brazil, the largest amount since 2011, a Thomson Reuters report on M&A activity showed on Monday. Some 553 deals were announced last year, down from 633 in 2013.

Credit Suisse Group AG and Itaú BBA, Itaú Unibanco Holding SA’s wholesale and investment banking unit, topped last year’s rankings in terms of value and number of deals, respectively.

Strategic buyers such as SBM Offshore NV raised their exposure to Brazil with a few acquisitions. Private-equity firms such as Advent International Corp also went on the prowl, snapping up targets in sectors from technology to education and consumer goods.

“It was a tough year but the resilience we saw on the M&A front in recent months showed how mature Brazil has become as a destination for M&A,” said Fabio Mourão, Credit Suisse’s investment banking head for Brazil. “Even though 2015 looks challenging, we are excited about the deal flow.”

The fourth quarter’s 63 percent jump in quarterly M&A announcements, as measured against the third quarter, came as President Dilma Rousseff was narrowly re-elected on Oct. 26. Investors remain skeptical over Rousseff’s ability to reverse a four years of economic sluggishness and revive confidence.

While some bankers expect Rousseff to implement more business-friendly policies, others fear that her penchant for intervening in the economy could further hamper investment and capital markets activity.

PRICE GAP

The retraction in valuations after years of exuberance will allow buyout and sovereign wealth funds to snap up takeover targets for less, said Ricardo Lacerda, chief executive officer of BR Partners Banco do Investimento SA.

The retraction in valuations should also allow industrial and services companies to make more competitive bids, “which is pretty good for our M&A market,” Lacerda added.

Sectors that are likely to see robust M&A activity include telecommunications, where consolidation is underway, and sugar and ethanol, where years of low prices as well as rampant debt-taking could lead to some mergers, bankers said.

A graft scandal involving state-run oil company Petróleo Brasileiro SA and contractors could also lead to some debt restructurings, asset sales and combinations, they added.

Fees for M&A advisory work, however, are unlikely to recover significantly from last year’s tumble, bankers said. Itaú BBA’s Jean-Marc Etlin said last month that Brazil’s share of the region’s total fee pool – which includes M&A as well as stock and bond sales – slipped to a record-low 34 percent last year.

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Brazilian Mineral Water Producer Available for Purchase

The Company is a Brazilian Mineral Water enterprise with an ISO9001 certification. Brazil has only seven businesses in this segment. The Company is a family business; the owners plan to sell the assets due to a lack of heirs to lead the Company in the future.

Key Points:
• The Mineral Water market in Brazil is growing 7.6 % YOY world wide on average. *Source ABINAM.
• Brazil is the fourth largest producer world wide. *Source ABINAM.
• There is a consumption growth rate of 10% in the past few years.*
• “The brazilian mineral water is one the cheapest in the world yet” – there are expectations of price increases in the next few years, due to sales growth.*
• The Company has one of the largest fountains in the country.
• It has the quality certification ISO 9001.
• The Company has two separate production lines: one for food service (large bottles), the other for consumers (smaller bottles).
• The production lines work at around 30% of capacity.
• Production lines are fully prepared for future expansion, due to the strong growth of the consumption in Brazil, mainly because the growth of purchasing power of the lower classes with an interest in consumption.

The Company was established in the late 70s. It has a team of employees and representatives including experienced and highly qualified business staff. The business is very lucrative, with zero debt.

The Company’s shareholders have a market expertise, with excellent personal and professional reputation. And a vast relationship network in the segment.

For further information contact:
Friedland Global Capital
Claudio Hebling
[email protected]
+55 19 993777482

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Brazilian Water Treatment Company on Offer

This water and wastewater treatment business is located in Rio de Janeiro with a branch in São Paulo. The Company was founded in 1990. The Company’s main services are water chemical treatment for cooling systems, boilers and drinking water. In addition, the Company’s laboratory also sells water and wastewater tests services, including sample collection for environmental and drinking water markets. They have legal authorization for these tests, which is rare.

The Company has about 300 contract basis customers as well as others without contracts that buy on a regular basis. Customers are large and medium industries, shopping malls, hotels, commercial and residential buildings and government. A three story facility is also to be included in the sale. The facilities of thee Company’s more than 300 customers offer a very strong commercial growth potential through new business opportunities that could be explored.

Contact the Company Owners directly:
[email protected]
+55-21-98513-1719

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Delivery Hero Buys Brazil’s Subdelivery As It Beefs Up In Asia And LatAm

Delivery Hero, the startup that is now valued at over $1 billion and is raising a lot of cash to compete heavily against the likes of Just-Eat and FoodPanda in the food delivery market outside the U.S., is adding another acquisition to its list as it focuses on growth in Latin America and Asia. It has acquired Subdelivery, an online delivery service based in Brazil. Subdelivery’s biggest claim to fame is that it holds the exclusive contract to deliver food for the sandwich chain Subway.

We are asking Delivery Hero for the terms of this deal and if it plans to use more of its $657 million warchest for further acquisitions, or to expand into further categories of delivery. (We’ll update as we learn more.) Rocket Internet, for example, has been looking to leverage its own delivery network for more than just restaurant food, with its most recent move being the launch of ShopWings, an Instacart-style service that offers a list of groceries from across different stores that can be purchased online and aggregated into a single delivery.
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Vistaprint Buys $25 Million Minority Stake In São Paulo-Based Printi

TechCrunch October 6, 2014
Global printing heavyweight Vistaprint has acquired a $25 million minority stake in Brazilian web-printing startup Printi. The purchase marks Vistaprint’s entry into Latin America, after assuming market leadership in the U.S., Europe and Asia.

Vistaprint bought out all of Printi’s investors’ stake and a portion of the founders’ stake in the company, but the founders still maintain a majority stake of the company and control the board. “They wanted to acquire us 100 percent but we wanted to make it closer to what a VC deal would look like,” said co-founder and co-CEO Mate Pencz tells me on a call from Recife. “We’re staying on board and staying completely independent.”

Vistaprint’s CEO Robert Kearne and VP of Portfolio Management Jeremie Profeta will join Pencz and his co-founder and co-CEO Florian Hagenbuch on the board. “Our investment is an important strategic step and we look forward to growing aggressively in Brazil,” said Profeta.

The investment comes at precisely the time Printi is outgrowing its model of outsourcing fulfillment to large printing factories, and the founders decided to vertically integrate production and construct their own printing factory in São Paulo.Read More

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LatAm’s Navent Takes In Another $20M For Its Regional Online Classifieds Empire

TechCrunch
Navent, a Latin American real estate and jobs classifieds company which last raised funding back in November 2012, has closed a $20 million Series C round of funding from global technology private equity firm Riverwood Capital. Navent’s focus is online real estate and jobs classifieds.

As with its last tranche of financing, Navent said the new funding will be used to accelerating growth of its key regional properties — including its flagship jobs site Bumeran, along with Brazil’s Imovelweb, Mexico’s Inmuebles24, Peru’s AdondeVivir and Ecuador’s Plusvalia.

It’s also eyeing up expansion into additional “new and untapped” markets in LatAm. Its current regional footprint covers eight markets: Brazil, Mexico, Argentina, Chile, Peru, Venezuela, Panama and Ecuador.
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Singapore’s GIC takes 18.5 pct stake in Brazil education firm April

SINGAPORE, Aug 15 (Reuters) – Singapore sovereign wealth fund GIC said on Friday it has acquired an 18.5 percent stake in Brazilian education services company Abril Educacao SA.

GIC did not say how much it paid for the stake in Abril, a leading player in Brazil’s primary and secondary education market. Based on Abril’s latest closing share price, the stake is worth about $265 million. Funds managed by Brazilian buyout firm Tarpon Investimentos in June also took a significant stake in Abril.

GIC has recently stepped up investments in Latin America, recently buying a stake in Brazilian online sports goods retailer Netshoes. It also opened an office in Brazil earlier this year.

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