Smaller Deals Drive Brisk M&A Business

As predicted, LatAm M&A business remains brisk across a variety of countries and sectors. Deals worth a total $1.9bn are expected to close this week and smaller transactions dominate, including LT Triangulo, Banco Cacique, Arapinaca and Durman Esquivel, according to Dealogic. Societe Generale is buying Brazil’s Banco Cacique for $430m in cash, in a deal advised by Citi/UBS, while Spain’s Grupo Isolux is acquiring private utility LT Triangulo for $262m, using ABN as advisor. Meanwhile, Canada’s Aura Gold is buying the Arapinaca Copper and Gold Project in Brazil for $227m in stock, and Belgium’s Aliaxia is buying Costa Rican chemicals concern Durman Esquivel for $200m cash in a deal advised by ABN, according to Dealogic.