Pérez Correa González (PCG) Advises TMF Group on the Acquisition of Grupo KMC Campos y Campos, S.C. and Matas Lorenzo, S.C.

Mexico City, July 2024- Pérez Correa González has advised and represented TMF Group, a global provider of administrative services, in the negotiation and acquisition of the Mexican accounting firms Grupo KMC Campos y Campos, S.C. and Matas Lorenzo, S.C.

This strategic acquisition allows TMF Group to strengthen its position in the Mexican market, expanding its service portfolio and enhancing its ability to offer comprehensive administration and compliance solutions on a global scale. Grupo KMC Campos y Campos, S.C. and Matas Lorenzo, S.C., known for their excellence in administrative services, will complement and enhance TMF Group’s offering, benefiting a wide client base both in Mexico and internationally.

Pérez Correa González played a crucial role in this transaction, providing comprehensive and strategic advice throughout the negotiation process with each of the selling firms, resulting in a successful simultaneous closing. Our team of M&A experts, led by partner Luis Fernando González, Counsel Juan Carlos Izaza, and the associates Omar Sarabia, worked closely with TMF Group to ensure a successful transaction that complied with all local and international regulations.

“We are proud to have supported TMF Group in this important acquisition. This transaction not only strengthens TMF’s presence in Mexico but also highlights our ability to manage and advise on complex and strategic transactions,” commented Luis Fernando González Nieves, Founding Partner of PCG.

TMF Group is globally recognized for its ability to help companies operate internationally, providing services ranging from accounting and tax compliance to human resources administration and payroll. This recent acquisition will enable TMF Group to enhance its offering and deliver added value to its clients in Mexico and around the world.

Pérez Correa González (PCG) represented Swvl in its expansion with the acquisition of Urbvan, the mass transportation technology platform

The legal team that represented Swvl was led by Fernando Eraña, a partner in PCG’s Venture Capital practice, and by associates Carlos Ugalde and Eduardo Yrigoyen.

Mexico City, July 18, 2022.- Pérez Correa González (PCG) represented Swvl, a global provider of technology-enabled solutions for private transportation, in its expansion in our country, who announced a definitive agreement through which they acquired Urbvan Mobility Ltd.

Urbvan provides technology transportation services with a presence in Latin America. This expansion is intended to improve both the quality of life and safety standards of bus travel over vast geographic distances throughout the region.

Swvl and Urbvan are committed to providing affordable and efficient transportation options free from harassment and other unsafe conditions. According to Swvl, Urbvan already operates in 18 cities in Mexico. This acquisition contributes to Swvl’s mission of providing safer, faster, smarter, and more affordable public transportation for everyone in Latin America.

Swvl’s legal team was led by Fernando Eraña, a partner in PCG’s Venture Capital practice, and by associates Carlos Ugalde and Eduardo Yrigoyen. The transaction closed on July 11 of this year.

Pérez Correa González (PCG) advised Sportium during Northgate Capital’s investment process.

The law firm Pérez Correa González (PCG) represented and advised Sportium to enable Northgate Capital to invest capital into the Mexican company.

Mexico City, June 22, 2022.- Law firm Perez Correa Gonzalez (PCG) represented Sportium, a leading operator of family fitness and sports centers in Mexico City, during the legal process to bring about Northgate’s fifth investment from its second Growth Equity Fund in Mexico, which expects to benefit from the strong and sustained recovery in Mexico’s consumer and fitness sector.

Northgate Capital, the international private equity firm, announced an investment in Sportium, through which the Mexican company will strengthen its goal of remaining one of the leading sports and family fitness centers in Mexico City, thanks to its unique offering. According to recent data, the company has shown a sustained increase in user attendance, reaching more than 90% of pre-pandemic levels.

The firm will continue to advise Sportium in its legal and commercial operations in Mexico, as well as the negotiation and legal structure to enhance the brand and increase its presence within the fitness industry.

Pérez Correa González (PCG) advises Semtech Corporation on the sale of Semtech Corpus Christi Corporation to Micross.

The company announced that it completed the sale of its high reliability diode business to Micross Components, Inc. for USD $30 million in an all cash transaction.

Mexico City, May 3, 2022.- Perez Correa Gonzalez y Asociados (PCG) advised Semtech Corporation on the sale of its subsidiary Semtech Corpus Christi Corporation’s business in Mexico.

Semtech Corporation is a publicly traded company listed on the Nasdaq Stock Exchange (SMTC) and a leading global supplier of advanced algorithms and high-performance analog and mixed-signal semiconductors. Its subsidiary was acquired by Micross Components, Inc. (“Micross”), a provider of advanced microelectronics services and die and wafer components, to enhance the growth of that part of its business.

The Company announced that it completed the sale of its high reliability discrete diode production business to Micross for USD $30 million in an all-cash transaction.

Revenues for the last year in this business were approximately USD $14 million. It is worth mentioning that the more than 200 plant employees located in Reynosa, Tamaulipas will continue to work in this new stage of the company under Micross’ command.

“It was an honor to have Semtech Corporation’s trust and to work along its management team, led by its Vice President Charles B. Ammann, and O’Melveny & Myers’ exceptional legal team, led by Eric Zabinski and Alexandra Piarino, in the Mexican portion of this interesting and relevant transaction for this business sector,” said Omar Aguilar, partner at Perez Correa Gonzalez (PCG).

This transaction was also supported by KPMG Corporate Finance LLC and O’Melveny & Myers LLP.

Pérez Correa González (PCG) advises GEAR Alimentos and RUBE Alimentos in their assets selling process to Agrofibra

 The sale of mobile and real estate assets by GEAR Alimentos and RUBE Alimentos to Agrofibra had a value of $20 million dollars.

Mexico City, January 10, 2023.- The law firm Pérez Correa González (PCG), advised and represented GEAR Alimentos S.A de C.V. and RUBE Alimentos S.A de C.V. in the negotiation process for the sale of its assets to Agrofibra. The transaction successfully concluded on December 23, 2022and reached a total value of $20 million dollars.

The deal included the sale of assets, mobile and real estate, from both companies, which received a mix of cash and CBFIs issued by Agrofibra. This transaction expands Agrofibra’s properties rental portfolio in Mexico.

GEAR Alimentos and RUBE Alimentos are companies specialized in the production, packaging, and distribution of tomatoes for export to the US market. Agrofibra is the first agri-food Real Estate Investment Trust (FIBRA) in Mexico, it seeks to provide investors with value generation through the acquisition of real estate investment opportunities in the agri-food sector in locations with potential to provide high capital gains and profitability.

The legal team that represented GEAR Alimentos and RUBE Alimentos was led by Omar Aguilar and Fernando Pérez Correa partners at Pérez Correa González (PCG).

Pérez Correa González (PCG) advised Olarena Hospitality Group in the negotiations with Mextenis to hold Los Cabos Open Tennis Tournament at Cabo Sports Complex.

The legal team representing Olarena Hospitality Group was led by Omar Aguilar and Fernando Pérez, partners of the Firm.

Mexico City, August 8, 2022. – The law firm Pérez Correa González advised and represented Olarena Hospitality Group, one of the most prestigious luxury hotel chains worldwide and recognized in different tourist cities in several countries, in the negotiation with Mextenis to hold the Los Cabos Open Tennis Tournament (ATP 500) in the facilities of Cabo Sports Complex (“CSC”) located in the tourist corridor of Los Cabos. The venue offers, among many other amenities, an esplanade of approximately 10,000 m2 suitable for entertainment, cultural and concert events.

Olarena Hospitality Group is formed by a group of visionary investors, with a track record of more than 20 years in the hospitality industry, who have developed a successful business model, therefore, the purpose of this event was to promote this venue to be increasingly recognized as a sport, social and entertainment reference in Mexico.

Olarena Hospitality Group develops iconic properties of high value, which deliver extraordinary experiences and generate a feeling of home for our owners and guests to enjoy most of the heritage and time they share with their loved ones.

The participation of the Group’s ship flags, Solaz (The Luxury Collection) and Hacienda del Mar (Autograph Collection), will be crucial in the consolidation and expansion of the sports and entertainment project.

The legal team representing Olarena Hospitality Group was led by Omar Aguilar and Fernando Perez, partners of the Firm.

Pérez Correa González advised U.S. International Development Finance Corporation (DFC) in the Mexarrend (Tangelo) financing process.

Law firm Perez Correa Gonzalez (PCG) represented and advised DFC in the financing structuring for Tangelo in the benefit of Mexican SME´s.

Mexico City, July 22, 2022 – Law firm of Perez Correa Gonzalez (PCG) represented U.S. International Development Finance Corporation (DFC) in securing the first disbursement of USD$10.2 million to Tangelo under a USD$45 million credit facility, a technology company specializing in alternative lending. This financing will be used to benefit Mexican SME´s and their economic development. PCG also represented DFC in the negotiation and structuring of the credit facility, which was approved in October 2020.

DFC is the development bank of the United States. DFC partners with the private sector to provide financial solutions to address the most critical challenges that emerging markets face, investing in sectors including energy, healthcare, critical infrastructure, and technology. DFC’s investments adhere to high standards of environmental protection, human and employee rights.

Tangelo is a LATAM technology company specialized in alternative lending with more than 25 years of experience developing financial solutions for local SME’s. Tangelo resulted from the merger of Mexarrend, S.A.P.I. de C.V. with Zinobe In order to transform the access to credit in Latin America.

The PCG team was led by Fernando Eraña, partner of the Banking and Finance practice at PCG, and senior associate Carlos Ugalde.

Pérez Correa González (PCG) represented Landsteiner Scientific, S.A. of C.V. to obtain an important financing agreement.

The legal team was headed by Fernando Pérez Correa and Zulima González, partners in the firm’s bankruptcy practice.

 Mexico City, October, 2022.- The law firm Pérez Correa González represented Landsteiner Scientific, one of the largest and most important pharmaceutical companies in Mexico, to obtain financing, better known as DIP Financing, for up to $400,000,000.00 MXN within the commercial bankruptcy procedure to which said company is subject, these transactions were closed on August 18, 2022.

Landsteiner is a leading pharmaceutical company in the development, manufacture and marketing of medicines, biotechnology and other goods for the health sector.

The laboratory was declared bankrupt in March of this year, and its insolvency process is one of the most important at the moment in Mexico, since it has a great impact on the health industry, since it is one of the main providers of Medications of the Mexican Government.

The legal team was headed by Fernando Pérez Correa and Zulima González, partners in the firm’s bankruptcy practice.