Our Businesses in Mexico

Recent Transactions

Recent Advisory transactions include:

 

2010

Chrysler Financial – On June 2nd, 2010, Chrysler Financial Services Americas LLC sold the loan portfolio of Chrysler Financial Services de Mexico, S.A. to Grupo Financiero Inbursa S.A.B. The portfolio, consisted of retail and dealer auto loans. J.P. Morgan acted as exclusive financial advisor to Chrysler.

Ixe – On May 27th, 2010, Ixe Grupo Financiero S.A.B., a wholly owned subsidiary of Ixe GF subsidiaries, signed a 10 year commercial distribution agreement with Royal & SunAlliance Seguros (Mexico), the Mexican subsidiary of British Insurer RSA Insurance Group PLC. The agreement grants RSA the right to exclusively distribute RSA Mexico’s insurance products through Ixe’s network. J.P. Morgan acted as exclusive financial advisor to Ixe.

Liverpool – On April 12th, 2010, El Puerto de Liverpool S.A.B de C.V., Mexico’s largest department store operator, announced the closing of its acquisition of a 50% stake in Regal Forest Holding Co. Ltd. J.P. Morgan acted as exclusive financial advisor to Liverpool.

 

2009

Gas Natural – On December 24th, 2009, the Spanish integrated utility Gas Natural SDG, S.A. announced that it had reached an agreement with Mitsui & Co. Ltd and Tokyo Gas Co. Ltd to sell its Mexican power generation portfolio for US1.225 billion. The portfolio includes five natural gas fired combined cycle power plants with a total installed capacity of 2,233 MW and a 54 kilometer high-pressure natural gas pipeline. J.P. Morgan acted as financial advisor to Gas Natural.

Grupo Financiero Banorte – Grupo Financiero Banorte agreed to acquire the remaining 30% stake in INB Financial Corporation for US$147 million. J.P. Morgan acted as exclusive financial advisor to Grupo Financiero Banorte.

 

2008

Cemex – On November 7th, 2008, Cemex announced its US$218 million divestiture of its Canary Islands operations to Cimpor Inversiones, a Spanish investment holding company, subsidiary of Cimpor Cimentos de Portugal. J.P. Morgan acted as exclusive financial advisor to Cemex.

InterGen – On February 20th, 2008, InterGen announced that it had entered into a definitive agreement with TransAlta with respect to the purchase of TransAlta’s two Mexican power generation plants, Campeche and Chihuahua, for US$303.5 million. J.P. Morgan acted as exclusive financial advisor to InterGen.

ING – On February 12th, 2008, ING Insurance International B.V., a subsidiary of ING Groep N.V., announced that it had agreed to sell its Mexican insurance and bonding businesses for US$1.5bn to AXA, Mediterranean Holding, a subsidiary of AXA. J.P. Morgan acted as exclusive financial advisor to ING.

 

2007

One Equity Partners – One Equity Partners, the private equity arm of J.P. Morgan Chase, acquired Global Packaging Corporation N.V., supporting a management buyout of the company. J.P. Morgan acted as financial advisor to One Equity Partners, LLC.

EDF – On October 26th, 2007, EDF announced that it had entered into a definitive agreement with Gas Natural International SDG SA with respect to the sale of its Mexican power generation portfolio, EDF Mexico S.A., for US$1.448 billion. EDF Mexico owned and operated the second largest Independent Power Producer platform in Mexico through five natural gas-fired, combined cycle power plants located in the northeast region of the country, with total capacity of 2,233 MW and a 54km, high pressure natural gas pipeline. J.P. Morgan acted as exclusive financial advisor to EDF.

ING – On July 26th, 2007, ING Insurance International B.V., a subsidiary of ING Groep N.V., announced the acquisition of Banco Santander Central Hispano's pension fund operations in Mexico, Chile, Colombia and Uruguay for US$1.3 billion. J.P. Morgan acted as exclusive financial advisor to ING.

Grupo Porcelanite – On July 2th, 2007, Grupo Lamosa, S.A.B. de C.V. announced the acquisition of Porcelanite Holdings, S.A. de C.V., a leading ceramic tile producer in Mexico and Latin America, for US$800 million, including the assumption of debt. J.P. Morgan acted as exclusive financial advisor to Porcelanite.

Spira – On June 15th, 2007, Banco Invex, S.A., a subsidiary of Invex Grupo Financiero, announced the acquisition of the 50.0% of Spira de Mexico, S.A. de C.V. it did not already own. Spira was a leader in non-bank credit card issuance and operations specializing in low-income markets. J.P. Morgan acted as exclusive financial advisor to Spira.

Brysam – Brysam Global Partners, a private-equity firm, agreed to buy 28% of IXE Grupo Financiero SA. J.P. Morgan acted as exclusive financial advisor to Brysam.

ASUR – On March 30th, 2007, Fernando Chico Pardo delivered to the Board of Directors of Grupo Aeroportuario del Sureste, S.A.B. de C.V. (“ASUR”) an indicative proposal setting forth terms for the acquisition of 42.65% of ASUR’s capital stock in a tender offer. J.P. Morgan provided a Fairness Opinion to the Special Committee of ASUR’s Board.

Lamosa – Grupo Lamosa, S.A.B de C.V. sold to a US institutional real estate investor its controlling interest in shopping centers Galerias Valle Oriente and Plaza Cumbres, located in Monterrey, Mexico. J.P. Morgan acted as exclusive financial advisor to Lamosa.

St. Paul Travelers – The St. Paul Travelers Companies, Inc. sold its wholly-owned Mexican surety bond subsidiary, Afianzadora Insurgentes S.A. de C.V., to Estrainver S.A. de C.V., a group of Mexican investors. J.P. Morgan acted as exclusive financial advisor to St. Paul.

Awards

  • #1 Ranking Valor Economico of international bonds and loans for Brazilian clients (2013)
  • Best Investment Bank in Latin America (EuroMoney, 2012)
  • Best Investment Bank in Latin America (LatinFinance, 2012)
  • Best M&A House in Latin America (LatinFinance, 2012)
  • Latin America Equities House of the year (IFR, 2012)
  • Best Private Bank Services in Colombia (Euromoney, 2012)
  • Best Private Bank Services in Panama (Euromoney, 2012)
  • Best Private Bank Services in Paraguay (Euromoney, 2012)
  • Best Range of Advisory Services in Latin America (Euromoney, 2012)
  • Best Private Bank for Range of Investment Products in Ecuador (Euromoney, 2012)
  • Best Relationship Management in Peru (Euromoney, 2012)
  • Best Net-Worth-Specific services in Brazil (Euromoney, 2012)
  • Best Net-Worth-Specific services in Ecuador (Euromoney, 2012)
  • Best Net-Worth-Specific services in Peru (Euromoney, 2012)
  • Best Net-Worth-Specific services in Uruguay (Euromoney, 2012)
  • Best Research Team in Latin America (Institutional Investor, 2011)
  • Best Fixed Income Fund Manager for J. P. Morgan Asset Management (Exame Magazine, 2011)
  • Best Investment Bank in Latin America (Euromoney, 2011)
 
 

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