M&A deals continue to grow from last year, with 741 deals announced in the year through June 22, beating 2010s figure of 707 deals for the corresponding period, according to Dealogic. Total dollar volume is only half as much, though, with announced deals coming to only $66.7 billion, down from $126.4 billion last year.
Activity in Colombia picked up over the last few months as domestic entities looked to expand abroad and for-eign companies sought opportunities in a country that can now boast three investment-grade ratings.
Colombias Cementos Argos went shopping for concrete and cement assets in the Southeastern US as it looked to vertically integrate its US operations. The $760 million deal for the Lafarge assets represents an implied EV/Ebitda valuation of 5.1x-6.3x, in-line with other deals in the sector. It...
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