Garrett Black May 05, 2014
The sun is less shy, the breezes are warmer and the air is filled with the scent of freshly poured tequila, margaritas and mezcal. Today is Cinco de Mayo, an occasion to celebrate a Mexican holiday, if only mainly in America. American popular culture has largely co-opted Cinco de Mayo (which is a national holiday in Mexico, albeit one mostly celebrated by only one Mexican state), probably because any excuse to party is a good excuse. However, not everyone parties on Cinco de Mayo; after all, since it’s not a federal holiday, everyone still has to work, including those at PE and VC firms. To honor the occasion, we thought it’d be intriguing to dive into the PitchBook Platform to see what exactly PE and VC firms have been up to on past Cinco de Mayos, as well as what’s happened in PE and VC in Mexico recently.
Since 2007, PE firms have cut 23 deals on the fifth of May in a wide variety of industries, while a 24th deal, although not strictly PE, is one of the more notable deals on the list:
What about VC investors? They completed 59 financings of an even wider variety of companies since 2007 on Cinco de Mayo, the most notable of which include:
So as we can see, quite a few PE and VC firms celebrate Cinco de Mayo in their own style, cutting deals and financing companies for all they’re worth. As for what they are up to in Mexico, quite a bit has been going on. PE-wise, Blackstone’s Fisterra Energy invested $650 million in Ventika, a wind-farm project in northern Mexico, while Partners Group bought Grupo Fermaca, a provider of gas infrastructure assets, for $750 million back in February. VC-wise, online design store Trendyta and Carmudi, which operates an online marketplace for buying and selling used vehicles, both obtained funding recently. For more, check out the datagraphic below:
Featured image courtesy of Wikimedia user Thelmadatter