{
  "docId": "019dd923-5ca1-7489-b638-3a493d8ae58f",
  "docSlug": "9ec29b0dbb1eb472",
  "documentTitle": "Mergers and Acquisitions in LatAm: Evolution and prospects",
  "authorId": "LEK",
  "authorName": "L.E.K.",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 16,
  "pageCount": 32,
  "prevPage": 15,
  "nextPage": 17,
  "slideType": "client_example",
  "function": "illustrate_case",
  "density": "overcrowded",
  "nDataPoints": 8,
  "notes": "The slide uses a hub-and-spoke style layout to connect PE firms to their specific portfolio acquisitions.",
  "elementsJson": [
    "headline_text",
    "logo_grid",
    "bullet_list",
    "callout_box",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5ca1-7489-b638-3a493d8ae58f/16",
  "deckHref": "/decks/019dd923-5ca1-7489-b638-3a493d8ae58f",
  "deckJsonHref": "/decks/019dd923-5ca1-7489-b638-3a493d8ae58f.json",
  "deckAnchorHref": "/decks/019dd923-5ca1-7489-b638-3a493d8ae58f#slide-16",
  "components": [
    {
      "bbox": {
        "h": 0.06,
        "w": 0.45,
        "x": 0.385,
        "y": 0.9
      },
      "kind": "callout",
      "text": "Other relevant deals include: CVC Partners investment in Delly’s; Warburg Pincus R$ 150M new investment in portfolio company Superlógica",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8cadeb14-b355-45a1-ae80-f255f16a2900",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "callout",
      "text": "Headquartered in Abu Dhabi, it aims to invest ~R$5Bi in Brazil per year and was one of the most active in terms of acquisition volume in 2023",
      "attrs": null,
      "subkind": null,
      "toolName": "Visual emphasis",
      "toolSlug": "visual-emphasis",
      "confidence": null,
      "componentId": "019dd951-c7cb-728d-8e62-f151c4d2d093",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.24,
        "x": 0.715,
        "y": 0.39
      },
      "kind": "list",
      "text": "Acquisition of the Brazilian healthtech Bionexo for ~R$ 100M. This emerging company creates and oversees digital platforms for medical supply procurement",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1e33b1af-e11c-4224-9983-e376ca737363",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.24,
        "x": 0.715,
        "y": 0.55
      },
      "kind": "list",
      "text": "Acquisition of Opy Health through the sale from the IG4 Capital fund. Opy Health is focused on the acquisition of hospital assets, currently operating 3 hospitals",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "257fb9e1-6437-45f2-95bb-a444e11b65f8",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.24,
        "x": 0.715,
        "y": 0.215
      },
      "kind": "list",
      "text": "Bain Capital, a US-based Private Equity fund, has purchased the Brazilian steakhouse franchise Fogo de Chão for ~R$ 5Bi. The chain has ~50-70 locations in various countries",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "41901f07-375d-4727-a94a-64b4dfce99f1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.24,
        "x": 0.24,
        "y": 0.215
      },
      "kind": "list",
      "text": "Acquisition of control of the wholesale network Atakadão Atakarejo for ~R$ 700M. The target is the largest wholesaler in the state of Bahia and Pátria aims to become the largest supermarket group in Brazil",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "42718a34-05bb-4d88-b74b-e16c0ce9b084",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.24,
        "x": 0.24,
        "y": 0.715
      },
      "kind": "list",
      "text": "Attainment of the CLN concession, encompassing a toll highway along Bahia's northern shoreline, under an agreement extending to 2050. The deal was made with the Brazilian infrastructure company Invepar",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "4b176501-88f5-4bef-8557-e02ac93dfdab",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.24,
        "x": 0.24,
        "y": 0.55
      },
      "kind": "list",
      "text": "Acquisition of 51% of the shares of Bluefit valued at ~R$ 464M. Competing directly with Smart Fit, Bluefit operates a budget-friendly gym chain with about 133 sites in Brazil",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "7b0427f3-fe2c-4afe-8748-7a8f6341f4ce",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.24,
        "x": 0.715,
        "y": 0.715
      },
      "kind": "list",
      "text": "Securing a 33% stake in Eucatex at the cost of ~R$ 260 million, known for its production and distribution of ceiling and insulation products",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "96550622-b75b-484c-b928-ea129c847169",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.24,
        "x": 0.24,
        "y": 0.39
      },
      "kind": "list",
      "text": "Acquisition of Credit Suisse's real estate fund division for ~R$ 650M. Under the arrangement with UBS, Pátria assumes control of 8 property funds, encompassing around 900,000 investors",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "bfeb8ac1-945f-4e70-bf6d-e4459ee85f2f",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Transaction value: R$ 5Bi",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd951-c7cb-728d-8e62-f7eeebb2def1",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.3,
        "x": 0.03,
        "y": 0.91
      },
      "kind": "source-note",
      "text": "Source: Capital IQ, EMIS, Valor Econômico, L.E.K. research and analysis",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "8959032e-9365-49bc-be97-a7f870473e98",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.08,
        "w": 0.94,
        "x": 0.03,
        "y": 0.06
      },
      "kind": "title",
      "text": "Even with fewer deals in 2023, Private Equity funds carried out transactions of substantial worth in multiple industries such as technology, infrastructure, and consumer products",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "2fa95414-57fc-4446-9a29-ed9ba71cab31",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.03,
        "w": 0.25,
        "x": 0.03,
        "y": 0.17
      },
      "kind": "title",
      "text": "Examples of PE investments in 2023:",
      "attrs": null,
      "subkind": "subtitle",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "e0b4915d-994e-4f1f-aed9-270c14bfd467",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [
    {
      "metricRaw": "Transaction value",
      "numberRaw": "R$ 5Bi",
      "numberKind": "money",
      "actionTitle": "Even with fewer deals in 2023, Private Equity funds carried out transactions of substantial worth in multiple industries such as technology, infrastructure, and consumer products",
      "calloutText": "Headquartered in Abu Dhabi, it aims to invest ~R$5Bi in Brazil per year and was one of the most active in terms of acquisition volume in 2023",
      "numberScale": null,
      "numberValue": 5,
      "metricFamily": "market_size",
      "numberCurrency": "$"
    }
  ],
  "tools": [],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 16,
      "from": 11,
      "beatId": "8de859db-bf11-4e85-9a9c-c8435dd19ff2",
      "arcName": "Monroe's Motivated Sequence",
      "arcSlug": "monroes-sequence",
      "beatName": "Satisfaction",
      "beatSlug": "monroes-sequence-satisfaction",
      "evidence": "The document provides satisfaction by presenting data and examples of M&A activity",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Turn",
      "parentBeatSlug": "turn"
    }
  ],
  "loops": [
    {
      "to": 16,
      "from": 11,
      "name": "Zoom In",
      "slug": "06-zoom-in",
      "bestFor": "Technical deep-dives, case studies, detailed analysis",
      "matchId": "b392d2cf-6d7c-4b79-9f2d-7233d3871e7c",
      "evidence": "The document provides examples of M&A transactions in Brazil",
      "position": 1,
      "objective": "What are the key sectors driving M&A activity in Brazil?",
      "structure": "The Big Picture -> Key Area of Focus -> Specific Detail -> Implication",
      "confidence": 0.7,
      "description": "Start broad, then progressively focus on specific details that prove your point"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}