Deals of the year 2009: Latin America – Afores drive new private equity market

Wamex entered new territory with afores-friendly funding.

Global Awards
High grade High-yield
Equity M&A
Structured credit Restructuring
Regional Awards
Asia Latin America
CEE Middle East
Company: Wamex Private Equity Management
Size: $55 million
Placement agent: Credit Suisse

Innovation returned to the Mexican capital markets in 2009. Two deals successfully used Mexican equity-linked certificates (certificado de capital de desarollo, CKDs) to raise funds. These structured notes were exclusively designed for the Mexican market, targeting the regulated pension funds (afores). On November 5 local group Wamex Private Equity Management announced the first closing of $55 million for the Multinational Industrial Fund II.

Access intelligence that drives action

To unlock this research, enter your email to log in or enquire about access