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
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 Cavendish Team have been instrumental in delivering me a buyer which is a perfect fit for my business. This is a wonderful milestone in our history and I am delighted.
Cavendish were without doubt the best choice of advisors for JBW and me personally. Together with their Japanese partners, they brought huge value to the process.
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