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.
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.