04 / 03/ 23
SMPS Legal in the top 10 firms for M&A transactions 2022 (by number of transactions)
MEXICO CITY, MEXICO, April 3rd, 2023 – According to Lexlatin, SMPS Legal is ranked among the TOP 10 law firms that advised on Merger and Acquisition (M&A) transactions in 2022, taking the 8th place with 5 public transactions during the year.
In connection with these 5 public transactions, it should be pointed out that at the end of 2022, SMPS Legal’s transactional team was involved in advising KIO Networks to increase its stake in a local Software as a Service (Saas) company called Mas Negocio. Monterrey-headquartered KIO operates 40 data centers specializing in cloud storage, cybersecurity and artificial intelligence. In addition to Mexico, it has offices in the Dominican Republic, Guatemala, Panama and Spain.
SMPS Legal advised Grupo Axo on different occasions, highlighting the acquisition of Komax Chile and its subsidiaries in Peru and Uruguay, a cross-border transaction that involved different challenges and represented an important expansion of the Mexican giant in Latin America. We also advised on Grupo Axo’s acquisition of the Old Navy brand sold by GAP in mid-2022.
In the entertainment industry, SMPS Legal represented Soccerly as seller of 100% of its digital assets to Playmaker Capital Inc, including JuanFutbol. The Mexican group brings its broad portfolio of highly popular social media profiles and digital channels, as well as leading sports-focused web properties, which will accelerate Playmaker’s growth in key Spanish-speaking markets in Mexico and the United States.
Regarding the pharmaceutical industry, it is worth mentioning that the SMPS Legal team advised Sanfer Farma in the majority purchase of Probiomed. The acquisition of Probiomed represented for the Mexican company its triumphant entry into the modernity of the pharmaceutical sector and a continuous development in the market throughout Latin America, as well as in other regions.