Mexico’s Vinte is used to breaking ground, both literally and figuratively. Long a pioneer in combining social housing with sustainable design, the company vaulted into a new league in December 2024 when it acquired Javer, its top rival and Mexico’s largest homebuilder by volume.
The transaction made Vinte the country’s largest housing developer—and the third largest in Latin America—with the capacity to build more than 15,000 homes annually. But it was not only the scale that stood out. The MXN 4.29 billion ($230 million) deal broke new ground in Mexico’s housing sector by blending equity and debt in a structure designed to expand impact while avoiding excessive leverage.
“We had the opportunity to go down a different financing path, but we would have been too leveraged,” says Vinte CFO Domingo Valdés. “We ended up with $100 million in equity and $130 million in debt that made us the biggest housing developer without being overleveraged.”
The decision paid off. In less than eight months, the public acquisition of 99.95% of Javer’s shares closed, supported by a combination of international and local lenders, including IFC, Actinver, and BBVA. For IFC, it was a continuation of its long engagement with Vinte, which in 2020 became the first housing company worldwide to receive green financing under the IFC’s EDGE certification system.
The merger did more than consolidate two market leaders. It created a company positioned at the intersection of inclusive development, capital markets innovation, and environmental responsibility. Javer brought scale, producing more than 12,000 homes annually for Mexico’s middle-income segment. Vinte added its track record of over 3,000 homes per year, built in sustainable communities that integrate schools, clinics, roads, and water systems alongside green-certified housing.
Together, the new Vinte represents a sector-shaping force. By mid-2025, the company had delivered more than 4,300 EDGE-certified homes since the merger, benefiting nearly 80,000 people. Those homes saved an estimated 158,200 cubic meters of water and reduced CO₂ emissions by 171,000 tons.
The need for such impact could not be greater. Mexico faces a yawning housing gap. The National Housing Commission (Conavi) estimates the country must add 3.6 million homes by 2030, while tens of millions more live in inadequate or self-built dwellings. Housing production has dropped sharply in recent years, with social and affordable housing in particularly short supply.
Social Infrastructure Financing of the Year
Vinte’s Acquisition of Javer
US$215m Public Offer of Acquisition: 50% equity subscription, 50% long term debt
Acquiror: Vinte
Financial Advisor: BBVA
Lenders: Actinver, BBVA, IFC
Counsel to Vinte: Kuri Breña; Creel
Consultant: Deloitte
Pre & Post Merger Advisors: Goldco, Galera
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