Mercado Termine de Buenos Aires / ROFEX
Mercado a Término de Buenos Aires S.A. (MATba) has completed a US$275 million merge with ROFEX S.A., creating the largest futures exchange in Argentina.
MATba is the leading agricultural futures and options exchange in Latin America. Founded in 1907, it was the first market to be established in the continent, rapidly becoming a reference worldwide for some of its contracts.
Founded in 1909, ROFEX is the main financial futures and derivatives exchange in Argentina.
MATba and Rofex started an integration process more than two years ago and with MATba shareholders’ approval during an extraordinary shareholders meeting held last December. Marcos Hermansonn, MATba Chairman and future MATba-Rofex Vice-chairman, thanked the shareholders for their decision “as this demonstrates once again the significant importance that they give to a transcendent and vital decision to generate a large futures market in the Argentine Republic.”
Andres Ponte, ROFEX Chairman and future MATba-Rofex Chairman, added: “This is great news in a difficult macroeconomic situation. We have managed to integrate two cultures in order to strengthen the Argentine capital market.”
Oaklins’ team in Argentina acted as the exclusive financial advisor in this transaction
“This partnership will enable us accelerate our global growth plans by investing in our people, technology, sales and marketing. I would like to thank the whole team at Cavendish for providing advice and guidance on this transformational transaction.”
“This new partnership is a very exciting opportunity for Tempcover to both consolidate its existing position and provide a platform for further growth into new verticals and markets. Many thanks to Ben and the Cavendish team who provided invaluable advice throughout the process and helped us achieve this great outcome for the Company.”
We were delighted with our decision to engage with Cavendish to advise us on our plans to bring inward investment into the group. Duncan, James Ellis and James Baker brought such complementary skills to our internal deal team. They calmly helped us navigate through all stages of the process, due diligence and through to completion. They were a pleasure to work with and I’d highly recommended them
“The Cavendish team led by Joe Stelzer and supported by Chirag Gohil did an outstanding job in identifying Begbies as a perfect home to drive our future growth. Cavendish negotiated an excellent deal and provided invaluable guidance to us through the process.”
I am delighted that we have secured a new loan facility an that our three existing funders continue to support the business during this challenging period, demonstrating their confidence in Morses Club and our growth and digital diversification strategy.
“The completion of the Nactis deal took years, from beginning to completion, for many reasons that were mostly out of our control. Oaklins’ team in Italy accompanied us in this process – from the initial contact to closing – with professionalism, patience and many proactive proposals. Without their cooperation, the deal would never have happened.”
“We chose Oaklins to assist us in this project because they are the most experienced corporate finance advisor in the horticulture sector and at the same time have a local and experienced team in Belgium. By operating as one team, they offered us the best of both worlds.”
“Oaklins was the right partner to professionally manage the process. They assembled an experienced team who carefully took into consideration the preferences of a family-owned business. At every step along the way, we enjoyed working together with Oaklins’ team in the Netherlands, who showed great persistence to make this transaction a success.”
“For us who founded the company and managed it during its 30 years of existence, Oaklins was the perfect partner for our sale. The team planned and executed our process, supported and guided us through the whole process. The combination of industry insight, professional craftsmanship and uncompromising dedication, made it a valuable contribution from an owner’s perspective.”
“For 30 years, the team has advised Arran Isle on strategic transactions. We selected them to manage the divestiture of our US operations not just because of this relationship, but also their sector knowledge, and critically, their value realization proposition. They were with us every step of the way and did a great job throughout, ultimately delivering a strong value on the time schedule set forth at the outset of the process. The team managed communication and negotiations with professionalism and vigour. The team’s industry knowledge, attention to detail and total immersion in every aspect of the transaction were truly impressive. We sincerely appreciate their efforts and the result they achieved for us.”
Recent Deals for Financial Services Sector
Sentenial Group & Nuapay
K3 Capital Group plc
Debt Advisory | plc
David Rubin & Partners
Begbies Traynor Group
Morses Club plc
Debt Advisory | plc