M&A Deal Summary

Mill Point Capital Acquires Imbera and Torrey

On July 17, 2024, private equity firm Mill Point Capital acquired machinery company Imbera and Torrey from Fomento Económico Mexicano S.A.B. de C.V for 8.0B MXN

Acquisition Highlights
  • This is Mill Point Capital’s 1st transaction in the Machinery sector.
  • This is Mill Point Capital’s largest (disclosed) transaction.
  • This is Mill Point Capital’s 1st transaction in Mexico.

M&A Deal Summary
Date 2024-07-17
Target Imbera and Torrey
Sector Machinery
Buyer(s) Mill Point Capital
Sellers(s) Fomento Económico Mexicano S.A.B. de C.V
Deal Type Divestiture
Deal Value 8.0B MXN

Target

Imbera and Torrey

Mexico
Imbera and Torrey is a provider of refrigeration and foodservice equipment operations.

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Buyer(S) 1

Buyer

Mill Point Capital

Category Private Equity Firm
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Mill Point Capital is a private equity firm focused on buyouts of established middle-market companies with strong track records. The Firm will consider opportunities throughout North American and generally looks to invest $15 to $80 million in companies valued up to $250 million. Sectors of interest include industrial and business services. Mill Point Capital is based in New York City.

DEAL STATS #
Overall 27 of 28
Sector (Machinery) 1 of 1
Type (Divestiture) 6 of 7
Country (Mexico) 1 of 1
Year (2024) 3 of 4
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-14 iQor

Fort Lauderdale,, Florida, United States

iQor is a provider of business process outsourcing and product support services. iQor partners with many of the world's best-known brands to deliver solutions spanning the consumer value chain, from customer care and receivables management to product diagnostics and repair services. iQor was founded in 2007 and is based in Fort Lauderdale, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-30 Pioneer Custom Electrical Products

Santa Fe Springs , California, United States

PCEP is an electrical infrastructure business providing energy solutions that allow users to effectively and efficiently protect, control, transfer, monitor and manage their electrical energy usage and requirements. PCEP is based in Santa Fe Springs, California.

Buy $50M

Seller(S) 1

SELLER

Fomento Económico Mexicano S.A.B. de C.V

Monterrey, Mexico
Category Company
Founded 1890
Sector Beverages
Employees270
DESCRIPTION

Fomento Económico Mexicano, S.A.B. de C.V (FEMSA) is a company that participates in the beverage industry through Coca-Cola FEMSA, the largest franchise bottler of Coca-Cola products in the world by volume; and in the beer industry, through its ownership of the second largest equity stake in Heineken, one of the world's leading brewers with operations in over 70 countries. In the retail industry it participates through FEMSA Comercio, comprising a Retail Division operating various small-format store chains including OXXO, a Fuel Division, operating the OXXO GAS chain of retail service stations, and a Health Division, which includes drugstores and related operations. Additionally, through its Strategic Businesses unit, it provides logistics, point-of-sale refrigeration solutions and plastics solutions to FEMSA's business units and third-party clients.

DEAL STATS #
Overall 3 of 3
Sector (Machinery) 1 of 1
Type (Divestiture) 3 of 3
Country (Mexico) 3 of 3
Year (2024) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-28 Ok Market

Santiago, Chile

Ok Market is an operator of a small-format proximity store chain. Ok Market is based in Santiago, Chile.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-01 Delek US Retail

United States

Delek US Retail is an operator of retail business in US.

Buy $385M
Mergr

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