BBVA's first cross-border advisory to a US based clientMay 30, 2012
BBVA Corporate Finance team in New York has acted as sole financial advisor to Colfax Corporation, world pre-eminent supplier of welding consumables and fluid handling products, in its acquisition of Soldex, a leading welding products manufacturer in Peru and Colombia.
Given the bank strong presence and knowledge of Latin American market, Colfax chose BBVA Coporate Finance as its sole financial advisor to acquire a 91% stake of Soldex. This is a landmark transaction for BBVA Compass, as it has coordinated with BBVA Corporate Finance in the first BBVA cross-border M&A advisory role to a US based client.
In addition, BBVA Corporate Finance reaffirms its cross-border M&A capabilities and reinforces BBVA's position as the LatAm House of Choice for clients looking to grow in the region.
The deal represents an important milestone for Colfax as it expands its footprint in Latin America. The acquisition positions Colfax's welding division as the clear leader in South America, with a pre-eminent position in every country market, and further increases its exposure to the energy and natural resources sectors.
BBVA Corporate Finance added value to Colfax by facilitating access to key decision makers of the target, providing a comprehensive perspective of key value drivers, offering insightful local market intelligence and assisting with the structuring and negotiations of the transaction.
It is the second largest M&A transaction in Peru in 2012 and one of the largest in the industrial sector in the Andean Region.