The private bank of 10 years ago is not the private bank of today. In truth, the private bank of two years ago is not the private bank of today. […]
Category: M&A
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In Their Image
The investment banking giant created by the merger of Chase and JP Morgan wants to serve every market sector in Latin America. It got off to a flying start, but it is likely to find the going much tougher for the rest of the year.
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A Bad Case of Indigestion
Foreign banks have not had an easy time digesting their Brazilian acquisitions. The record-shattering price Spain’s BSCH paid for Banespa will make its integration the most challenging regional purchase yet.
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Bringing Order to Latin Corporations
Hostile bids, strategic realignments and pressures on profits are all elements of Latin American M&A. The region is vulnerable to speculative attacks, but local firms are strengthening their core businesses and putting up defenses.
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Cemex Strengthens the Mix
Mexico’s cement giant crosses the border to grab a prize US acquisition, boosting its cash flow and diversifying into a developed market. But the debt-financed purchase prompted S&P to put Cemex on credit watch.
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Rebuilt Bancolombia Ready to Do Battle
In 1997, as president of Banco Industrial de Colombia (BIC), Jorge Londoño created Colombia’s biggest bank through a merger of his institution and the newly privatized Banco de Colombia. The […]
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Wiese-Sudameris Inches Its Way Back
It’s been a year since Eugenio Bertini took over the merged Banco Wiese-Sudameris, and he still has 90 days to go before his year-end deadline to complete the main objectives […]
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M & A League Tables
Mergers and acquisitions are booming in Latin America, particularly in Brazil, and the lucrative advisory work that goes into them continues to be a quasi-monopoly of Wall Street’s elite investment […]
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The Importance of True Diligence
Researching potential partners or acquisition targets often stops at the corporate level. But investors in Latin America should dig deeper to find out about subsidiaries, executives and tax liabilities.
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A Bolivarian Blessing for a Revolutionary Businessman
After getting red-carpet treatment in Caracas, a swashbuckling US capitalist helps his company gains control of Venezuela’s public utility. Still, AES’s acquisition involved plenty of stealth and discretion.