Energy will drive mergers and acquisitions in Mexico this year, experts say.
BY JOACHIM BAMRUD
Despite challenges such as the recent peso volatility, Mexico is expected to see another good M&A year, largely driven by energy deals, experts say.
“We continue to see a lot of interest from foreign investors in Mexico and think there will be a steady flow of cross-border M&A activity in 2016,” says Antonio Del Pino, Co-chair of the Latin America Practice at Latham & Watkins.
Despite factors such as the oil price drop, the Mexican peso depreciation and China’s economic slowdown, there is optimism among dealmakers as the structural reforms enacted in Mexico are taking effect and have had a positive impact on investment in the country, says Luis Rubio, a partner in the Mexico City office of Jones Day.
“There is still a good appetite for Mexico so we feel very positive notwithstanding low oil prices,” says Daniel del Rio, head of the Corporate and Mergers and Acquisitions areas at Mexican law firm Basham.
Mexico last year saw a 37.5 percent jump in the value of announced M&As to ...
Keywords: Basham, energy, KKR, Jones Day, Latham & Watkins, Mexico, Pemex, telecom
More M&A Coverage
More Energy Coverage
More Legal Coverage
Index of Law Firm Coverage