In what has otherwise been characterized as a lagging global M&A sector, Mexico and the Caribbean have proven to be bright spots of growth. While globally M&A levels have hit a ten-year low within the first three quarters of 2023, recent data released by Refinitiv paints a different picture for these regions.
During the same time span, Mexico saw 127 deals announced, valued at an impressive $17.3 billion. This marks a significant 38% increase in value compared to the previous year, where 149 deals were closed with an aggregated value of $12.5 billion.
Simultaneously, activity related to Bermuda undeniably bolstered the Caribbean deal image, leading to a boost in overall deal value within the region. However, the details of this surge associated with Bermuda remain undisclosed.
The law firm Cleary Gottlieb Steen & Hamilton found itself propelled to the top of the rankings for M&A activity in Latin America during this period, accordingly. The company’s ascension in the ranks demonstrates the growing attention of global investors towards Latin America amidst geopolitical tensions in Europe and ongoing tensions between the U.S. and China.
The growth demonstrated by Mexico and the Caribbean within the context of an otherwise sluggish global M&A market illuminates the regions’ resilience and attractiveness for investment. Moreover, it marks them as noteworthy areas of interest for corporations and law firms involved in M&A and related legal fields.
To read more, you can find the original data on Law.com.