Fundraising

Mexico’s first independent oil exploration and production company, Sierra Oil & Gas, raises US $535 million from investors Riverstone Holdings, Encap and Infraestructura Institucional.

Mexican real estate investment trust Terrafina, distribution center and light manufacturing developer, says it raised around US $400 million through sale of new tradable certificates.

Mexican baker Bimbo says it postpones follow-on share offering of about 201 million “A” shares to await better market conditions; has until second week of December to reschedule.

Hasta la próxima!

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Fundraising

Mexichem says it placed a US $750 million 30 year bond rated BBB- by Standard & Poors; says will use proceeds of borrowing to refinance short term debt and fund acquisitions.

Private equity group Actis commits US $250 million to establishing a Mexican energy unit, Zuma Energía, targeting acquisition and construction of over 500MW of installed capacity.

Alta Growth Capital says it completes close of its Alta Growth Capital Mexico Fund II, with US $142 million in commitments from a broad group of Mexican and international investors.

Mexico’s Guadalajara-based Kueski online short-term micro-lender to Latin American borrowers raises US $1.3 million seed capital from Core Ventures Group and Crunch Fund.

US-based angel investors platform Gust, reportedly agrees alliance with Mexican ONE to facilitate business angel investment, based on existing base of 2000 Mexican entrepreneurs.

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Fundraising

Mexican oil service concern Grupo Diavaz studying capital 2015 capital markets debut in anticipation of new projects as energy reform progresses, Chairman reportedly says.

Mexico’s Grupo Bimbo, world’s largest baker, says it plans to sell new shares in Mexico and abroad, marking its first foreign listing. Funds will pay down existing acquisition credit line.

Grupo Hotelero Santa Fé, Mexican hotel management company, intends to raise around US $75 million through IPO. Funds expected to be used mainly to build new hotel capacity.

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