Serficor IMAP Partner Gabriel Millan comments on the Mexican market in the latest TTR Special Report, April 2020.
TTR’s Transactional Impact Monitor is a Special Report combining local knowledge and market visibility from top dealmakers developed to address extraordinary situations affecting the macroeconomic stability and M&A outlook in core markets.
Gabriel Millan, Serficor IMAP comments:
“There will be businesspersons, not this year, but in 2021 or 2022, who will look to sell their companies. They’ve recognized they aren’t invincible.”
The former shareholders will continue to be closely associated with the group and remain minority shareholders and support the management team in the role of an advisory board as well as consultants.
GJM (JMT:LS) is one of Portugal’s largest multinational groups (c. EUR 8.9 billion market cap) that operates in food distribution and specialized retail.
IMAP closed 193 M&A transactions valued at over $7.0 billion in 2020, down from the 7 year high of 235 deals closed in 2019.