As bond markets remained out of reach for many Latin American issuers for much of 2023, the belief was that the loan market would offer compelling solutions, allowing companies the option to refinance with better rates down the line. Yet even so, syndicated loan volumes remained subdued as companies without an urgent need to refinance […]
Category: 2023 Deals of the Year Awards
Posted in2023 Deals of the Year Awards
Cross-Border M&A Deal of the Year
France’s VINCI Airports, the world’s largest private airport operator, solidified its position in Latin America and the Caribbean in the past year, taking a controlling share in the operation of 13 airports in Mexico. In December 2022, VINCI Airports closed a transaction to acquire a 29.99% stake from investment firm Fintech in the Grupo Aeroportuario […]
Posted in2023 Deals of the Year Awards
Equity House of the Year & Investment Bank of the Year
2023 was a barren year for IPOs, but follow-on and block trade deals still managed to keep equity markets going, especially in Brazil. No institution made was able to take better advantage of the opportunities available than BofA Securities. The firm, which wins Equity House of the Year, took leadership positions in several of the […]
Posted in2023 Deals of the Year Awards
Domestic M&A Deal of the Year
It’s not often that the acquisition of a minority stake in a blue-chip company stands out as worthy of recognition. But the deal in which Brazilian biofuels company Cosan bought a 4.9% stake in compatriot mining giant Vale was anything but run of the mill. The transaction, which closed at the end of 2022, was […]
Posted in2023 Deals of the Year Awards
Bond House of the Year & M&A House of the Year
As expectations gather pace of a market recovery in 2024, J.P. Morgan is one firm that’s well-placed to take advantage of resurgent opportunities in Latin America. The US bank, which wins Bond House and M&A House of the Year, skilfully navigated a lackluster marketplace in 2023 at a time of exceptionally thin dealflow as issuers […]
Posted in2023 Deals of the Year Awards
Loan of the Year
The tie-up of energy markets in North America took a big step forward with a project by a subsidiary of Canada’s TC Energy and Mexico’s Federal Electricity Commission (CFE) to build a new offshore gas pipeline to meet surging demand. The 445-mile Southern Gateway Pipeline, which will be built by TC Energy subsidiary Transportadora de […]
Posted in2023 Deals of the Year Awards
Sustainable Corporate Issuer of the Year
Mexican multinational food company Grupo Bimbo strengthened an already robust sustainability framework over the course of last year with a range of exemplary financings which aim to hasten its decarbonization goals. The company updated its Sustainable Financing Framework in April 2023, strengthening key performance indicators (KPIs) and financial products. It was also adept in securing […]
Posted in2023 Deals of the Year Awards
Corporate Issuer of the Year & Corporate High-Yield Bond of the Year
Global cement company Cemex continues to reprofile its debt as it strives to align its finances with its sustainability framework – all while continuing to target an investment-grade rating via a de-leveraging strategy to reduce its capital markets debt. The Mexican firm, which wins the award for Corporate Issuer of the Year, came to market […]
Posted in2023 Deals of the Year Awards
Investment Bank of the Year: Colombia & Investment Bank of the Year: Peru
Being an investment banker in the Andes was no cakewalk in 2023. Even then, J.P.Morgan managed to leverage its relationships to take part in some of the most noteworthy of the few deals that came out of the region last year. The bank topped the debt capital market and M&A league tables in Colombia, according […]