Siuma Capital Latin America’s Post

Siuma Capital acted as exclusive financial advisor to Grupo Magna on its 100% acquisition of Zenex Auto. Zenex is a multi-brand automotive operator in Uruguay, servicing namesake brands such as Mazda, Kia and Fiat in the local market. Magna, headquartered in the Dominican Republic, is a leading conglomerate in the automotive space with presence in 11 countries and relationships with 8+ OEMs. This cross-border transaction showcases the dynamism of the automotive industry in the region and the ongoing interest of regional players to consolidate through venturing into new brands and geographies. The transaction also highlights the attractiveness of Uruguay from the lens of foreign investors. Congratulations to both Magna and Zenex for reaching this milestone. We would like to thank our client for their trust in the leadership of the Siuma Capital deal team (Samuel Urrutia Cantoral, Ricardo Urrutia, David Sultan) during every step of this process. Read full Press Release here: https://t.ly/z1voT

Carla Lopez

Valuation and Real Estate Consultant, Latin America, MAI. MRICS, LEED AP

3mo

Congratulations, Sammy!!! Great deal!

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