Report TTR LATAM 1Q 2019 PDF

LATIN AMERICA
QUARTERLY REPORT
1Q
2019
DEAL OF THE QUARTER

Alicorp acquires 100% of TASA
TTR - Transactional Track Record www.TTRecord.com Quarterly Report Latin America - 01Q 2019
INDEX
INDEX
OVERVIEW EQUITY CAPITAL MARKETS ***

(M&A*, PRIVATE EQUITY, VENTURE CAPITAL AND ASSET ACQUISITIONS) ** · IPOs
OVERVIEW
· Total Transaction Volume and Aggregate Value · Follow-On
· Deal Volume in Latin America
· Transactions by Size
PRIVATE
EQUITY · Leading Subsectors LARGEST TRANSACTIONS OF THE QUARTER
· Cross-border deals
· Mergers & Acquisitions
· Private Equity
VENTURE
· Venture Capital
CAPITAL
PRIVATE EQUITY **
· Total Transaction Volume and Aggregate Value
ASSET
ACQUISITION
· Leading Firms and Subsectors DEAL OF THE QUARTER
Alicorp acquires 100% of TASA
EQUITY CAPITAL
VENTURE CAPITAL **
MARKETS
· Total Transaction Volume and Aggregate Value TTR RADAR
· Leading Firms and Subsectors
LARGEST
· Forward-looking Intelligence:
TRANSACTIONS - Aggregated Intelligence
ASSET ACQUISITION - Proprietary Intelligence
DEAL OF
THE QUARTER
· Total Transaction Volume and Aggregate Value
· Leading Subsectors RANKING YEAR TO DATE
TTR RADAR · Financial Advisors
· Legal Advisors
· Dealmakers
RANKINGS
* Includes acquisition / sales of assets. Does not include Joint Venture.

** Includes announced and completed transactions in which at least one Latin America-based is involved.
*** Includes completed transactions acted by Latin American companies in or abroad.
OVERVIEW (M&A, PRIVATE EQUITY, VENTURE CAPITAL AND ASSET ACQUISITIONS)
TOTAL TRANSACTION VOLUME AND AGGREGATE VALUE

INDEX
YEAR TO DATE DEAL FLOW SINCE 2017
OVERVIEW Number of transactions: 446 -18.01% 60k
Total value (USDm)

Completed: 308 (69%) 30,383.23
40k 22,428.17
17,295.43
Total aggregate value (USDm): 17,295 -43.08%
PRIVATE 20k
EQUITY
Disclosed value: 173 (39%)
0k
750
Number of transactions
614 630
Number of Transactions By Type 544 557 559 569
VENTURE
512 530
CAPITAL
500 446
94
250
ASSET
ACQUISITION
0
71
91
10
10
10
10
10
10
10
0
0
2
2Q
2Q
Q1
Q2
Q4
Q1
Q2
Q3
Q4
3
1
EQUITY CAPITAL
MARKETS
60
272
LARGEST Last Four Years (Jan-Dec) Last Four Years (Jan-Dec)
TRANSACTIONS
20 89,020 -25% 126,938 26%

2018 2016
2,229 -2% 2,065 1%
DEAL OF
THE QUARTER
118,341 -7% 100,521 -32%
2017 2015
2,286 11% 2,044 3%
M&A Private Equity
TTR RADAR - Total: 272 | 11,735 USDm - Total: 20 | 1,961 USDm
- Ongoing: 98 | 8,723 USDm - Ongoing: 6 | 904 USDm
- Completed: 174 | 3,012 USDm - Completed: 14 | 1,057 USDm % All the percentages represent a variation relative to the same period the previous year.
RANKINGS
Venture Capital Asset Acquisition Total aggregate value (USDm) Number of transactions
- Total: 60 | 281 USDm - Total: 94 | 3,319 USDm
- Ongoing: 6 | 3 USDm - Ongoing: 28 | 1,490 USDm
- Completed: 54 | 279 USDm - Completed: 66 | 1,829 USDm

DEAL VOLUME IN LATIN AMERICA
INDEX
Top 6 M&A Markets In Latin America
Year to date
150
OVERVIEW
PRIVATE
EQUITY
58
VENTURE
CAPITAL 30
Domestic 25
16 18 17 15 18 17 18
Inbound acquisitions * 14
9 9 11 9 8
Outbound acquisitions ** 7 4 5 6 6 7 5 6 5 6
1 2 2
Sale of foreign subsidiaries ***
ASSET Divestment - Foreign-owned stake ****
ACQUISITION Argentina Brazil Chile Colombia Mexico Peru
TOP DEALS - 01Q 2019 (USDm)
EQUITY CAPITAL VALUE

TARGET COUNTRY SUBSECTOR BUYER COUNTRY SELLER COUNTRY
MARKETS (USDm)
United
Nextel Brasil Brazil Telecoms América Móvil Mexico NII Holdings, AI Brazil Holdings States, 905.00
Netherlands
LARGEST
TRANSACTIONS ContourGlobal
Cogeneración de Energía Limpia de Cosoleacaque, Cogeneración de Altamira Mexico Electric Luxembourg Alpek Mexico 801.00
Terra 3
Enel Green Power Nova Olinda b Solar, Enel Green Power Cristalandia i Eolica, Enel Green Power
CGN Energy
Cristalandia Ii Eolica, Enel Green Power Nova Olinda c Solar, Enel Green Power Nova Olinda Norte
DEAL OF Brazil Electric International China Enel Green Power Brasil Participacoes Brazil 776.72
THE QUARTER Solar, Enel Green Power Nova Olinda Sul Solar, Enel Green Power Nova Lapa Solar, Enel Green Power
Holdings
Bom Jesus Da Lapa Solar
Banco Macro, Banco Patagonia, Banco
Consultancy, Santander Río, Banco Comafi, ICBC Argentina,
AI ZENITH 725.00
TTR RADAR Prisma Medios de Pago Argentina Audit and Netherlands BBVA Banco Francés, Banco Itaú Argentina, Argentina
(Netherlands) (Approx.)
Engineering HSBC Bank Argentina, Grupo Banco Provincia,
Banco Galicia
RANKINGS Sub-concessão Malha Ferroviária Tocantins - São Paulo Brazil Railroads Rumo Brazil Governo do Brasil Brazil 684.73
* Foreign companies acquiring companies in specified country. Since December 2018 this analysis includes acquisitions made by local subsidiaries.
** Companies based in specified country making acquisitions abroad. Since December 2018 this analysis includes acquisitions made by foreign subsidiaries.
*** Company from specific country selling interest in targets abroad. Since December 2018 this analysis includes sales made by foreign subsidiaries.
**** Foreign companies selling interest in companies based in specific country. Since December 2018 this analysis includes sales made by local subsidiaries.
LAST 12 MONTHS (LTM) QUARTERLY SNAPSHOT

INDEX
2Q2018 3Q2018 4Q2018 1Q2019
OVERVIEW
Number of 557 2.39% Number of 559 0.36% Number of 569 1.79% Number of 446 -21.62%
transactions: transactions: transactions: transactions:
Total aggregate 22,028 -27.50% Total aggregate 16,631 -24.50% Total aggregate 19,977 20.12% Total aggregate 17,295 -13.43%
value (USDm): value (USDm): value (USDm): value (USDm):
PRIVATE
EQUITY
Number of Transactions By Type Number of Transactions By Type Number of Transactions By Type Number of Transactions By Type
95 85 104
94
VENTURE
CAPITAL
78
ASSET 89 81
ACQUISITION 60
332
336 272
41 355
37 52 20
EQUITY CAPITAL
MARKETS
M&A M&A M&A M&A
LARGEST
- Total: 336 | 15,533 USDm - Total: 355 | 8,865 USDm - Total: 332 | 14,538 USDm - Total: 272 | 11,735 USDm
TRANSACTIONS - Ongoing: 58 | 1,773 USDm - Ongoing: 75 | 990 USDm - Ongoing: 73 | 7,700 USDm - Ongoing: 98 | 8,723 USDm
- Completed: 278 | 13,760 USDm - Completed: 280 | 7,875 USDm - Completed: 259 | 6,838 USDm - Completed: 174 | 3,012 USDm
Venture Capital Venture Capital Venture Capital Venture Capital

DEAL OF
- Total: 89 | 819 USDm - Total: 78 | 525 USDm - Total: 81 | 730 USDm - Total: 60 | 281 USDm
THE QUARTER
- Ongoing: 3 | 85 USDm - Ongoing: 3 | 1 USDm - Ongoing: 9 | 67 USDm - Ongoing: 6 | 3 USDm
- Completed: 86 | 733 USDm - Completed: 75 | 524 USDm - Completed: 72 | 663 USDm - Completed: 54 | 279 USDm
TTR RADAR Private Equity Private Equity Private Equity Private Equity
RANKINGS
Asset Acquisition Asset Acquisition Asset Acquisition Asset Acquisition

- Ongoing: 16 | 238 USDm - Ongoing: 13 | 794 USDm - Ongoing: 31 | 1,887 USDm - Ongoing: 28 | 1,490 USDm
1Q HISTORICAL REVIEW
INDEX
1Q2016 1Q2017 1Q2018 1Q2019
OVERVIEW
Number of 460 -6.31% Number of 512 11.30% Number of 544 6.25% Number of 446 -18.01%
transactions: transactions: transactions: transactions:
Total aggregate 18,827 -11.60% Total aggregate 22,428 19.13% Total aggregate 30,383 35.47% Total aggregate 17,295 -43.08%
value (USDm): value (USDm): value (USDm): value (USDm):
PRIVATE
EQUITY
Number of Transactions By Type Number of Transactions By Type Number of Transactions By Type Number of Transactions By Type
70 86 88
94
VENTURE
CAPITAL
46
74 88
ASSET
ACQUISITION 60
51 314 330 272
293
39 40 20
EQUITY CAPITAL
MARKETS
M&A M&A M&A M&A
LARGEST
TRANSACTIONS - Ongoing: 17 | 555 USDm - Ongoing: 24 | 505 USDm - Ongoing: 53 | 2,515 USDm - Ongoing: 98 | 8,723 USDm
Venture Capital Venture Capital Venture Capital Venture Capital

DEAL OF
- Total: 46 | 159 USDm - Total: 74 | 175 USDm - Total: 88 | 608 USDm - Total: 60 | 281 USDm
THE QUARTER
- Completed: 46 | 159 USDm - Completed: 73 | 175 USDm - Completed: 84 | 585 USDm - Completed: 54 | 279 USDm
TTR RADAR Private Equity Private Equity Private Equity Private Equity
- Total: 51 | 3,458 USDm - Total: 39 | 557 USDm - Total: 40 | 2,645 USDm - Total: 20 | 1,961 USDm
- Completed: 48 | 3,367 USDm - Completed: 39 | 557 USDm - Completed: 35 | 2,645 USDm - Completed: 14 | 1,057 USDm
RANKINGS
Asset Acquisition Asset Acquisition Asset Acquisition Asset Acquisition

- Ongoing: 24 | 1,327 USDm - Ongoing: 20 | 856 USDm - Ongoing: 14 | 405 USDm - Ongoing: 28 | 1,490 USDm
- Completed: 46 | 527 USDm - Completed: 66 | 2,520 USDm - Completed: 74 | 8,196 USDm - Completed: 66 | 1,829 USDm

DEAL VOLUME, AGGREGATE VALUE AND GEOGRAPHY
INDEX ARGENTINA BRAZIL
Year to date Last four years Year to date Last four years
7
81 [206] (86) 790 [1,208] (514)
OVERVIEW 11
2018 123 USDm 6,193.90 81
64
413 USDm 50,981.73
90 [220] (103) 710 [1,191] (544)

2017 128 USDm 9,951.61 474 USDm 60,753.60
PRIVATE 90 [205] (103) 575 [1,043] (413)
EQUITY 23 2016 114 169
150
466
USDm 17,571.37 USDm 55,008.31
27
48 [149] (57) 553 [1,076] (433)
[34] -42%
2015 101 [233] -20% 521
USDm 2,814.31 USDm 42,962.43
VENTURE
CAPITAL
(12) USDm 1,284 -10% (93) USDm 7,762 -59%
CHILE COLOMBIA
85 [246] (125) 15 48 [176] (57)

ASSET
ACQUISITION 18
2018 159 USDm 9,737.27 127 USDm 3,541.84
25 95 [264] (117) 61 [181] (73)
2017 165 USDm 19,187.53 28 27
119 USDm 5,216.81
32
EQUITY CAPITAL 78 49
[217] (117) [170] (85)
MARKETS 39 2016 139 119
USDm 13,283.48 USDm 22,660.66
40
62 [195] (96) 58 [173] (99)
[57] 43%
2015 133 [55] 15% 113
LARGEST USDm 11,936.25 USDm 7,404.48
TRANSACTIONS (28) USDm 2,128 162% (15) USDm 972 -29%
MEXICO PERU
4 6
DEAL OF 105 [348] (146) 50 [160] (77)
18
THE QUARTER
20
2018 239 USDm 14,461.56 110 USDm 7,666.32
110 [313] (150) 58 [152] (75)

2017 201 USDm 28,467.89 93 USDm 4,936.92
TTR RADAR
118 [303] (152) 59 [153] (66)

41 2016 184 93
40 USDm 30,681.59 USDm 5,779.99
RANKINGS 21 24
137 [302] (155) 48 [132] (56)
[61] -38%
2015 164 [28] -33% 84
USDm 37,109.31 USDm 7,518.03
(27) USDm 3,543 -28% (11) USDm 806 -73%
% All the percentages represent a variation relative to the same period the previous year.
Domestic Cross-border Completed Ongoing [ ] Number of transactions ( ) Number of transactions with disclosed value USDm Total aggregate value

INDEX
Total value (USDm)

Completed: 23 (68%)
Total aggregate value (USDm): 1,284 -9.54% 2.5k 1,283.62
PRIVATE
EQUITY
1,418.92
0k 866.38
75
63 61
VENTURE
Number of Transactions By Type 56 59
49 52
CAPITAL
50 43 43
34
7
25
ASSET
ACQUISITION
0
71
9
1
1
0
0
2Q
2Q
2Q
2Q
2Q
2Q
2Q
2Q
2Q
1
1
EQUITY CAPITAL 17
MARKETS

TRANSACTIONS
6,194 -38% 17,571 524%

4
2018 2016
206 -6% 205 38%
DEAL OF
THE QUARTER
9,952 -43% 2,814 -54%
2017 2015
220 7% 149 -27%
M&A Private Equity
TTR RADAR - Total: 17 | 53 USDm - Total: 4 | 1,080 USDm
- Ongoing: 6 | 36 USDm - Ongoing: 1 | 355 USDm
- Completed: 11 | 17 USDm - Completed: 3 | 725 USDm % All the percentages represent a variation relative to the same period the previous year.
RANKINGS
- Total: 6 | 71 USDm - Total: 7 | 80 USDm
- Completed: 6 | 71 USDm - Completed: 3 | 60 USDm

INDEX
OVERVIEW Number of transactions: 233 -20.48% 20k 15,998.52

18,736.09
Total value (USDm)

Completed: 169 (73%)
Total aggregate value (USDm): 7,762 -58.57% 10k
PRIVATE
EQUITY 7,762.00
0k
400
337 330
Number of Transactions By Type 295 315 305
VENTURE 293
CAPITAL 267 257
233
41 200
ASSET
ACQUISITION
0
81
9
10
10
1
0
0
2
2Q
2Q
2Q
2Q
2Q
2Q
2Q
Q1
Q2
1
EQUITY CAPITAL
MARKETS 37
145 Last Four Years (Jan-Dec) Last Four Years (Jan-Dec)

LARGEST
TRANSACTIONS
10
50,982 -16% 55,008 28%
2018 2016
1,208 1% 1,043 -3%
DEAL OF
THE QUARTER
60,754 10% 42,962 -36%
2017 2015
1,191 14% 1,076 11%
M&A Private Equity
TTR RADAR - Total: 145 | 4,843 USDm - Total: 10 | 762 USDm
- Completed: 100 | 1,154 USDm - Completed: 6 | 213 USDm % All the percentages represent a variation relative to the same period the previous year.
RANKINGS
- Total: 37 | 153 USDm - Total: 41 | 2,004 USDm
- Completed: 34 | 151 USDm - Completed: 29 | 1,470 USDm

INDEX
OVERVIEW Number of transactions: 57 42.50% 10k
Total value (USDm)

Completed: 39 (68%)
Total aggregate value (USDm): 2,128 161.80% 5k
PRIVATE
EQUITY
0k 2,128.25
1,146.53
812.93
100
Number of Transactions By Type
VENTURE
68 72 70 70
CAPITAL 64 66
60 57
50 40
14
ASSET
ACQUISITION
0
81
9
10
10
1
0
0
2
2Q
2Q
2Q
2Q
2Q
2Q
2Q
Q1
Q2
1
EQUITY CAPITAL
MARKETS
LARGEST 36 Last Four Years (Jan-Dec) Last Four Years (Jan-Dec)

TRANSACTIONS
3
9,737 -49% 13,283 11%

2018 2016
246 -7% 217 11%
DEAL OF
THE QUARTER
19,188 44% 11,936 -59%
2017 2015
264 22% 195 1%
M&A Private Equity
RANKINGS

INDEX
OVERVIEW Number of transactions: 55 14.58% 4k
Total value (USDm)

Completed: 27 (49%)
1,365.08
Total aggregate value (USDm): 972 -28.81% 2k 971.74
PRIVATE
EQUITY
0k
183.48
75
VENTURE Number of Transactions By Type 55 55
48 49 48 51
CAPITAL
50 41
36
9 29
25
ASSET
ACQUISITION
0
4
71
9
10
10
10
10
10
10
10
1
0
0
2Q
2Q
Q2
Q3
Q4
Q1
Q2
Q3
Q4
1
1
EQUITY CAPITAL
MARKETS 2

TRANSACTIONS
40
3,542 -32% 22,661 206%
2018 2016
176 -3% 170 -2%
DEAL OF
THE QUARTER
5,217 -77% 7,404 11%
2017 2015
181 6% 173 7%
M&A Private Equity
TTR RADAR - Total: 40 | 387 USDm - Total: 2 | 0 USDm
RANKINGS

INDEX
Total value (USDm)

Completed: 41 (67%)
Total aggregate value (USDm): 3,543 -27.82% 10k
PRIVATE
EQUITY
0k 3,890.01 4,908.91
3,543.04
150
VENTURE Number of Transactions By Type
98 93
CAPITAL
100 87 88 82 75
73
65 61
50
ASSET 19
ACQUISITION
0
26
81
9
10
10
1
0
0
2
2Q
2Q
2Q
2Q
2Q
2Q
2Q
Q1
Q2
1
EQUITY CAPITAL
MARKETS

TRANSACTIONS
14,462 -49% 30,682 -17%

14 2
2018 2016
348 11% 303 0%
DEAL OF
THE QUARTER
28,468 -7% 37,109 10%
2017 2015
313 3% 302 -12%
M&A Private Equity
RANKINGS

INDEX
Total value (USDm)

Completed: 24 (86%)
Total aggregate value (USDm): 806 -72.93% 2.5k 1,127.18 2,976.78
PRIVATE
EQUITY
0k
805.70
60
VENTURE
Number of Transactions By Type
39 41 42 40 39 39
CAPITAL
40 36 36
28
20
ASSET
9
ACQUISITION
0
71
9
1
10
0
0
2Q
2Q
2Q
2Q
2Q
2Q
2Q
2Q
Q1 2
1
4
EQUITY CAPITAL
MARKETS
16

TRANSACTIONS
2
7,666 55% 5,780 -23%
1 2018 2016
160 5% 153 16%
DEAL OF
THE QUARTER
4,937 -15% 7,518 -36%
2017 2015
152 -1% 132 -1%
M&A Private Equity
RANKINGS
LEADING SUBSECTORS *
INDEX
Subsectors with most deals (M&A) **
Change relative to the Change relative to the

OVERVIEW Number of transactions Year to date Number of transactions Year to date
same period in 2018 same period in 2018
Argentina Brazil
PRIVATE Food 7 250% Technology 55 -15%

EQUITY
Oil and Gas 5 0% Financial and Insurance 25 -24%

Agriculture, Agribusiness,
4 0% Internet 18 6%
Farming and Fishing
VENTURE
Transport, Aviation and
CAPITAL Food and Beverage 4 100% 17 -6%
Logistics
Chile Colombia
ASSET
ACQUISITION
Real Estate 11 450% Financial and Insurance 8 33%

Pharmaceutical, Parapharmaceutical
Financial and Insurance 7 -30% 7 600%
and Cosmetics
EQUITY CAPITAL
Agriculture, Agribusiness, Agriculture, Agribusiness,
MARKETS 6 500% 7 600%
Farming and Fishing Farming and Fishing
Distribution and Retail 6 50% Technology 7 600%
LARGEST
TRANSACTIONS
Mexico Peru
Agriculture, Agribusiness,
DEAL OF
Internet 13 86% Farming and Fishing
7 133%
THE QUARTER
Technology 9 13% Distribution and Retail 4 33%
Financial and Insurance 8 -64% Financial and Insurance 4 100%

TTR RADAR
Real Estate 7 -22% 3 -40%
Logistics
RANKINGS
* TTR considers the most active subsectors to be those that had the highest number of registered transactions. Should there be a tie between subsectors, the subsector that registered the higher value will dominate.
** The transaction may appear in more than one subsector, given that the same entity may operate in multiple subsectors.
OUTBOUND ACQUISITIONS *
INDEX
This quarter
OVERVIEW
14
10
PRIVATE 2
EQUITY
VENTURE
CAPITAL
ASSET
ACQUISITION
* Latin America-based companies acquiring targets abroad.
EQUITY CAPITAL
MARKETS
INBOUND ACQUISITIONS **
This quarter
LARGEST
TRANSACTIONS
69
DEAL OF 52
THE QUARTER 15
TTR RADAR
RANKINGS
** Foreign companies acquiring Latin America-based companies.


Argentina
INDEX
9 CROSS-BORDER DEALS *
Year to date
9 Inbound acquisitions ** Outbound acquisitions ***
OVERVIEW Ranking per Country **** Ranking per Country ****
BIDDER COUNTRY No. Total value (USDm) TARGET COUNTRY No. Total value (USDm)
United States 5 725.00 Brazil 3 26.49
PRIVATE
Netherlands 1 725.00 Uruguay 3 ND - Not-disclosed
EQUITY
Luxembourg 1 45.00 Chile 1 30.00
Brazil 1 20.00 Colombia 1 14.30
Chile 1 ND - Not-disclosed Peru 1 ND - Not-disclosed
VENTURE
CAPITAL France 1 ND - Not-disclosed
Japan 1 ND - Not-disclosed
ASSET Brazil
ACQUISITION
Year to date
EQUITY CAPITAL Ranking per Country **** Ranking per Country ****
MARKETS
United States 23 811.09 United States 10 550.40
LARGEST
TRANSACTIONS Spain 7 498.79 Portugal 3 95.83
Japan 4 615.61 Argentina 1 20.00
Chile 3 125.80 Colombia 1 14.30
DEAL OF Argentina 3 26.49 Costa Rica 1 ND - Not-disclosed
THE QUARTER
Canada 3 1.86
Mexico 2 912.13
China 2 776.72
TTR RADAR
Norway 2 115.00
Israel 2 34.83
RANKINGS * Any M&A transaction that involves a buyer, seller or target based outside of Latin America.
** Foreign companies acquiring Latin America-based targets. Since December 2018 this analysis includes acquisitions made by local subsidiaries of foreign entities.
*** Latin America-based companies acquiring targets abroad. Since December 2018 this analysis includes acquisitions made by foreign subsidiaries of Latin America-based entities.
**** The same deal may appear under multiple subsectors and countries based on a companies operations and the number of parties involved in a given transaction.

Chile
INDEX 11 CROSS-BORDER DEALS *

Year to date
Ranking per Country **** Ranking per Country ****
OVERVIEW
United States 5 35.00 Brazil 3 125.80
Spain 3 86.37 Peru 2 1.20
PRIVATE
EQUITY Canada 2 33.00 Uruguay 2 ND - Not-disclosed
United Kingdom 2 30.00 Ecuador 1 ND - Not-disclosed
United Arab Emirates 1 502.00 Mexico 1 ND - Not-disclosed
Cayman Islands 1 66.50 Colombia 1 ND - Not-disclosed
VENTURE
CAPITAL Argentina 1 30.00 Argentina 1 ND - Not-disclosed
Peru 1 19.00
Sweden 1 2.86
ASSET Norway 1 ND - Not-disclosed
ACQUISITION
Colombia
EQUITY CAPITAL 7 CROSS-BORDER DEALS *

MARKETS Year to date
Inbound acquisitions ** Outbound acquisitions ***
30
LARGEST BIDDER COUNTRY No. Total value (USDm) TARGET COUNTRY No. Total value (USDm)
TRANSACTIONS
United States 10 88.70 Peru 5 4.50
Canada 10 52.46 Spain 1 104.00
Spain 2 ND - Not-disclosed Mexico 1 ND - Not-disclosed
DEAL OF
THE QUARTER Peru 2 ND - Not-disclosed
Ireland 1 101.72
United Kingdom 1 19.00
TTR RADAR
Mexico 1 14.30
Argentina 1 14.30
Brazil 1 14.30
RANKINGS
Barbados 1 14.00
* Any M&A transaction that involves a buyer, seller or target based outside of Latin America.

Mexico
INDEX
Year to date
OVERVIEW Ranking per Country **** Ranking per Country ****
PRIVATE
United Kingdom 2 808.40 Spain 3 0.01
EQUITY
Luxembourg 2 801.00 Brazil 2 912.13
Switzerland 2 3.20 Peru 2 4.50
Italy 1 146.50 Poland 1 348.37
VENTURE
CAPITAL Netherlands 1 55.00 Guatemala 1 332.99
United Arab Emirates 1 55.00 El Salvador 1 314.81
Spain 1 3.50 United Kingdom 1 40.00
ASSET Peru 1 3.50 South Korea 1 15.00
ACQUISITION
France 1 3.20 Colombia 1 14.30
Peru
EQUITY CAPITAL
MARKETS 5 CROSS-BORDER DEALS *
Year to date
LARGEST
TRANSACTIONS
Colombia 5 4.50 Colombia 2 ND - Not-disclosed
DEAL OF United Kingdom 2 19.50 Chile 1 19.00
THE QUARTER
Mexico 2 4.50 Mexico 1 3.50
Chile 2 1.20
TTR RADAR
Hong Kong 1 225.00
Spain 1 7.50
Guatemala 1 ND - Not-disclosed
RANKINGS
Argentina 1 ND - Not-disclosed
* Any M&A transaction that involves a buyer, seller or target based outside of Latin America.
CROSS-BORDER DEALS
INDEX Year to date
Buyer Seller
OVERVIEW
Targets Targets
AR BR CL CO MX PE Other AR BR CL CO MX PE Other
PRIVATE
EQUITY
* *
AR 3 1 1 - 1 3 AR - 1 - - 2 3
VENTURE
CAPITAL
BR 1 - 1 - - 2 BR 2 - - - - 1
ASSET
ACQUISITION CL 1 3 1 1 2 3 CL - 1 - - - -
CO - - - 1 5 - CO - - - - 1 -
EQUITY CAPITAL
MARKETS
MX - 2 1 1 2 2 MX - - - - 1 1
LARGEST
TRANSACTIONS
PE - - 1 2 1 - PE - - 1 - - 1
DEAL OF
THE QUARTER
* Other 9 57 17 28 19 7 * Other 3 22 5 9 8 4
TTR RADAR
* Other - Transactions in Latin America where the parties are from other Latin American countries.
RANKINGS
PRIVATE EQUITY

INDEX
YEAR TO DATE LAST FOUR YEARS (JAN-DEC)
OVERVIEW Number of transactions: 20 -50.00% Total Total

Completed: 14 (70%)
9,847 -22% 11,041 27%
Total aggregate value (USDm): 1,961 -25.87% 2018 2016
PRIVATE
170 -7% 181 12%
EQUITY
12,685 15% 8,665 -35%
2017 2015
182 1% 161 -8%
VENTURE
Scope
CAPITAL
Domestic Domestic
5 297 -22% 1,695 27%

ASSET 2018 2016
ACQUISITION 62 -7% 59 12%
1,551 15% 567 -35%

2017 2015
61 1% 53 -8%
EQUITY CAPITAL
MARKETS
Cross-border Cross-border
LARGEST 9,550 -22% 9,346 27%

TRANSACTIONS 2018 2016
108 -7% 122 12%
15
11,133 15% 8,098 -35%
2017 2015
DEAL OF 121 1% 108 -8%
THE QUARTER
Domestic Cross-border

TTR RADAR - Total: 5 | 145 USDm - Total: 15 | 1,816 USDm
Total aggregate value (USDm) Number of transactions
RANKINGS
PRIVATE EQUITY - Investment

INDEX
LEADING FIRMS AND SUBSECTORS *
Year to date
OVERVIEW Change relative to the Private Equity Country Nº Value (USDm)
same period in 2018
1 HIG Capital United States 2 -
Logistics
3 200% 2 Advent International United States 1 725.00
PRIVATE
EQUITY 3 Farallon Capital Management United States 1 442.04
Agriculture, 3 Mubadala United Arab Emirates 1 442.04
Agribusiness, Farming 3 50%
and Fishing 4 Carlyle United States 1 184.73
VENTURE
5 Alothon Group Brazil 1 26.56
CAPITAL
Consultancy, Audit and 6 Morcote Estonia 1 2.12
2 0%
Engineering
6 Telor Austria 1 2.12
ASSET 7 Acumen Latam Capital Partners Colombia 1 -
ACQUISITION
Food 2 0% 7 Altor Norway 1 -
7 Bain Capital United States 1 -
EQUITY CAPITAL 7 Brookfield Business Partners Canada 1 -

MARKETS
7 Kinza Capital Chile 1 -
7 L Catterton United States 1 -
LARGEST 7 Victoria Capital Partners Argentina Argentina 1 -

TRANSACTIONS
2018 2017 2016 2015

DEAL OF
THE QUARTER
Distribution Distribution Financial and Financial and
22 20 24 19
and Retail and Retail Insurance Insurance
TTR RADAR
Financial and Distribution
Healthcare, … 22 19 22 Healthcare, … 15
Insurance and Retail
RANKINGS
Financial and Distribution
15 Healthcare, … 18 Technology 18 15
Insurance and Retail
Transport, Transport,
Food 9 Electric 14 Aviation and 12 Aviation and 8
Logistics Logistics
PRIVATE EQUITY - Divestment (Exits)

INDEX
Year to date
Change relative to the
same period in 2018
OVERVIEW
Media, Multimedia and
Editorial
1 -
Private Equity Country Nº Value (USDm)
1 DLJ South American Partners United States 1 354.88
PRIVATE
2 HMC - Harvard Management Company United States 1 107.00
EQUITY Forestry 1 -
3 Capital Advisors Equity Investments Chile 1 90.00
4 Nexxus Capital Mexico 1 28.30
VENTURE Real Estate 1 0% 5 Actis Brasil Brazil 1 -

CAPITAL
5 ALTA Growth Capital Mexico 1 -
5 Tiger Global Management United States 1 -

Education 1 0%
ASSET
ACQUISITION
EQUITY CAPITAL
MARKETS
2018 2017 2016 2015
LARGEST
TRANSACTIONS Transport,
Distribution Financial and Financial and
9 3 6 Aviation and 6
and Retail Insurance Insurance
Logistics
Consultancy,
DEAL OF Financial and Financial and
THE QUARTER 6 Audit and 2 Technology 4 4
Insurance Insurance
Engineering
Construction
Distribution
Technology 4 (Materials and 2 Real Estate 4 4
TTR RADAR and Retail
Machinery)
Transport,
Aviation and 4 Waste Mana… 2 Internet 4 Healthcare, … 3
RANKINGS Logistics
VENTURE CAPITAL

INDEX
OVERVIEW Number of transactions: 60 -31.82% Total Total

Completed: 54 (90%)
2,681 84% 685 34%
Total aggregate value (USDm): 281 -53.71% 2018 2016
PRIVATE
336 15% 233 18%
EQUITY
1,461 113% 509 -20%
2017 2015
291 25% 198 -18%
VENTURE Scope
CAPITAL Domestic Domestic
216 84% 104 34%

ASSET 2018 2016
ACQUISITION
184 15% 135 18%
335 113% 111 -20%

2017 2015
26 171 25% 113 -18%
EQUITY CAPITAL
MARKETS
Cross-border Cross-border
34
LARGEST 2,465 84% 581 34%

152 15% 98 18%
1,126 113% 398 -20%

2017 2015
DEAL OF 120 25% 85 -18%
THE QUARTER
RANKINGS
VENTURE CAPITAL - Investment

INDEX
Year to date
same period in 2018
OVERVIEW
Technology 30 -14% Venture Capital Country Nº Value (USDm)
1 IGNIA Partners Mexico 4 50.63
2 monashees Brazil 3 90.30

PRIVATE
EQUITY Internet 17 -29% 3 Kaszek Ventures Argentina 3 56.49
4 Mountain Nazca México Mexico 3 14.90
5 SuperJobs Ventures Brazil 3 -

VENTURE Financial and Insurance 11 -35%
CAPITAL 6 NXTP Labs Argentina 2 14.75
7 Accion Venture Lab United States 2 3.00
Distribution and Retail 6 50% 8 Redpoint e.Ventures Brazil 2 1.42

ASSET
ACQUISITION
EQUITY CAPITAL
MARKETS
2018 2017 2016 2015
LARGEST
TRANSACTIONS
Technology 136 Technology 109 Internet 113 Internet 108
DEAL OF
THE QUARTER Internet 90 Internet 94 Technology 99 Technology 62

Consultancy,
Financial and Financial and Marketing and
70 51 Audit and 23 19
TTR RADAR Insurance Insurance Advertising
Engineering
Distribution Distribution Financial and Distribution

33 35 21 16
RANKINGS
and Retail and Retail Insurance and Retail
VENTURE CAPITAL - Divestment (Exits)

INDEX
Year to date
same period in 2018
OVERVIEW
PRIVATE
EQUITY
Venture Capital Country Nº Value (USDm)
Technology 2 -
1 Alaya Capital Partners Argentina 1 -
VENTURE
CAPITAL
ASSET
ACQUISITION
EQUITY CAPITAL
MARKETS
2018 2017 2016 2015
LARGEST
TRANSACTIONS
Internet 6 Technology 3 Internet 8 Internet 6
Media,
DEAL OF Distribution Marketing and
THE QUARTER 3 Multimedia 3 Technology 3 4
and Retail Advertising
and Editorial
Media,
Financial and Marketing and Financial and
2 2 1 Multimedia 2
TTR RADAR Insurance Advertising Insurance
and Editorial
Consultancy,
Food and
1 Education 1 Audit and 1 Technology 1
Beverage
RANKINGS Engineering
ASSET ACQUISITION

INDEX
OVERVIEW Number of transactions: 94 6.82% Total Total

Completed: 66 (70%)
19,026 -30% 36,652 45%
Total aggregate value (USDm): 3,319 -61.42% 2018 2016
PRIVATE
372 -23% 378 -7%
EQUITY
27,095 -26% 25,197 -4%
2017 2015
480 27% 408 7%
VENTURE Scope
CAPITAL
Domestic Domestic
6,281 -30% 8,583 45%

ASSET 2018 2016
ACQUISITION 217 -23% 207 -7%
6,979 -26% 9,406 -4%

2017 2015
42 253 27% 228 7%
EQUITY CAPITAL
MARKETS
52 Cross-border Cross-border
LARGEST 12,745 -30% 28,069 45%

155 -23% 171 -7%
20,116 -26% 15,791 -4%

2017 2015
DEAL OF 227 27% 180 7%
THE QUARTER

TTR RADAR - Total: 52 | 2,009 USDm - Total: 42 | 1,309 USDm
- Completed: 42 | 1,101 USDm - Completed: 24 | 727 USDm
RANKINGS
ASSET ACQUISITION
LEADING SUBSECTORS *
INDEX
Year to date
same period in 2018
OVERVIEW
Real Estate 24 -4%
PRIVATE
EQUITY Oil and Gas 9 -31%
VENTURE Financial and Insurance 7 40%

CAPITAL
Glass, Ceramic, Paper,

Plastics, Wood and 5 150%
ASSET
ACQUISITION
Timber
EQUITY CAPITAL
MARKETS
2018 2017 2016 2015
LARGEST
TRANSACTIONS
Real Estate 144 Real Estate 190 Real Estate 131 Real Estate 167
DEAL OF
THE QUARTER Oil and Gas 47 Oil and Gas 76 Food 27 Oil and Gas 36

Financial and Financial and

22 Mining 26 25 Mining 32
TTR RADAR Insurance Insurance
Tourism,
Distribution Financial and
20 Hotels and 20 Oil and Gas 24 27
and Retail Insurance
RANKINGS Restaurants
EQUITY CAPITAL MARKETS

IPOs * FOLLOW-ON *
INDEX
Year to date Year to date
OVERVIEW Number of transactions Total Value (USDm) Number of transactions

Total Value (USDm)
510
70
PRIVATE 1
EQUITY
6

7
VENTURE
CAPITAL
2
193
ASSET
ACQUISITION
3,596
Completed Pipeline
EQUITY CAPITAL
MARKETS
Last Four Years (Jan-Dec) Last Four Years (Jan-Dec)
LARGEST 8,648 -15% 7,760 -26%

TRANSACTIONS
2018 2018
18 -25% 28 -22%
10,184 496% 10,532 24%

DEAL OF
THE QUARTER
2017
2017
24 60% 36 -14%
1,707 -39% 8,464 13%

TTR RADAR 2016 2016
15 88% 42 83%
2,816 -39% 7,523 -65%

RANKINGS 2015 2015
8 -33% 23 -57%
* Includes completed transactions acted by Latin American companies in Latin America or abroad.
LARGEST TRANSACTIONS OF THE QUARTER
INDEX
MERGERS & ACQUISITIONS
Value
Target Country Subsector Buyer Seller
(USDm)
OVERVIEW Banco Macro, Banco Patagonia, Banco Santander Río, Banco Comafi, ICBC
Consultancy, Audit 725.00
Prisma Medios de Pago Argentina AI ZENITH (Netherlands) Argentina, BBVA Banco Francés, Banco Itaú Argentina, HSBC Bank
and Engineering (Approx.)
Argentina, Grupo Banco Provincia, Banco Galicia
Media, Multimedia
Grupo Santillana Spain Prisa DLJ South American Partners 354.88
and Editorial
PRIVATE
EQUITY Conjunto de plantas y marcas de
Argentina Food Adecoagro SanCor Argentina 45.00
lácteos
Campo Austral Argentina Food Piamontesa BRF 35.50
VENTURE Point72 Ventures, Quona Capital, Quadrant Capital Advisors, Kaszek

CAPITAL Consultancy, Audit
Contabilizei Brazil Ventures, e.Bricks Ventures, Endeavor Catalyst, Curitiba Angels, FinTech - 20.19
and Engineering
Colletive
ASSET
ACQUISITION PRIVATE EQUITY
Value
(USDm)
Banco Patagonia, BBVA Banco Francés, Banco Comafi, Banco Macro, HSBC
EQUITY CAPITAL Consultancy, Audit 725.00
Prisma Medios de Pago Argentina AI ZENITH (Netherlands) (Advent International) Bank Argentina, Banco Galicia, Grupo Banco Provincia, Banco Itaú
MARKETS and Engineering (Approx.)
Argentina, Banco Santander Río, ICBC Argentina
Media, Multimedia
Grupo Santillana Spain Prisa DLJ South American Partners 354.88
and Editorial
LARGEST
TRANSACTIONS
VENTURE CAPITAL
Value
DEAL OF (USDm)
THE QUARTER
NotCo Chile Food Kaszek Ventures, IndieBio, Bezos Expeditions, The Craftory 30.00
Kaszek Ventures, Quadrant Capital Advisors, Endeavor Catalyst, Curitiba

Consultancy, Audit
TTR RADAR Contabilizei Brazil Angels, Quona Capital, Point72 Ventures, e.Bricks Ventures, FinTech 20.19
and Engineering
Colletive
monashees, International Finance Corporation (IFC), Jaguar Ventures, NXTP
Liftit Colombia Internet 14.30
Labs, Mercado Libre Fund
RANKINGS
Financial and
Warren Brazil Kaszek Ventures, Ribbit Capital 6.29
Insurance
Quadminds Technologies, Argentina, 0.45

Technology Wayra, NXTP Labs, Private Shareholders Argentina I
Quadminds Technologies Europe Spain (Approx.)
INDEX
Value
(USDm)
OVERVIEW
Nextel Brasil Brazil Telecoms América Móvil NII Holdings, AI Brazil Holdings 905.00
Enel Green Power Nova Olinda b Solar, Enel

Green Power Cristalandia i Eolica, Enel
Green Power Cristalandia Ii Eolica, Enel
PRIVATE
Green Power Nova Olinda c Solar, Enel
EQUITY Brazil Electric CGN Energy International Holdings Enel Green Power Brasil Participacoes 776.72
Green Power Nova Olinda Norte Solar, Enel
Green Power Nova Olinda Sul Solar, Enel
Green Power Nova Lapa Solar, Enel Green
Power Bom Jesus Da Lapa Solar
VENTURE
Sub-concessão Malha Ferroviária Tocantins -
CAPITAL Brazil Railroads Rumo Governo do Brasil 684.73
São Paulo
Transport,
Supervia - Concessionaria De Transporte
Brazil Aviation and Guarana Urban Mobility Odebrecht Mobilidade 615.50
Ferroviario
ASSET Logistics
ACQUISITION United
Pasadena Refining System, PRSI Trading Oil and Gas Chevron Petrobras America 562.00
States
EQUITY CAPITAL
MARKETS
PRIVATE EQUITY
Value
LARGEST (USDm)
TRANSACTIONS
Transport,
Concessionaria Rota das Bandeiras Brazil Aviation and SCP 1355 FIP Odebrecht Rodovias 442.04
Logistics
Tourism,
DEAL OF 184.73
THE QUARTER
Madero Brazil Hotels and Madrid FIP
(Approx.)
Restaurants
Pradaria Agroflorestal Brazil Forestry Timber VII SPE Global Forest Investments, Performance Forest 107.00
TTR RADAR
26.56
Eletron Energy Brazil Electric Alothon Group Private Shareholders Brazil I
(Approx.)
Casafy Brazil Internet Telor, Morcote 2.12

RANKINGS
INDEX VENTURE CAPITAL

Value
(USDm)
Private Shareholders I, monashees, Valor Capital Group, Thrive Capital, QED

OVERVIEW Loft Brazil Real Estate 70.00
Investors, Canary, Fifth Wall
Contabilizei Brazil Consultancy, Kaszek Ventures, Quadrant Capital Advisors, Endeavor Catalyst, Curitiba 20.19
Audit and Angels, Quona Capital, Point72 Ventures, e.Bricks Ventures, FinTech
Engineering Colletive
PRIVATE
EQUITY
Mosyle Brazil Technology Elephant, Peak Ventures 16.00

VENTURE
CAPITAL DogHero Brazil Internet IGNIA Partners, Rover 7.13
ASSET
ACQUISITION
EQUITY CAPITAL
MARKETS
LARGEST
TRANSACTIONS
DEAL OF
THE QUARTER
TTR RADAR
RANKINGS

INDEX
Value
(USDm)

Pulogsa - Puertos y Logística Chile DP World Grupo Matte 502.00
OVERVIEW Logistics
Grupo Agrosuper Chile Food Promotora Doñihue, Agrocomercial El Paso - 403.20
Solairedirect Generación
Chile Solar Engie Energía Chile Solairedirect Chile, Engie Solar 324.66
PRIVATE Andacollo
EQUITY
ACCR - Arauco Centros 115.00
Chile Real Estate Ameris Rentas Comerciales I Fondo de Inversión Parque Arauco
Comerciales Regionales (Approx.)
Concessão de Aeroportos -
Brazil Airports Zurich Airport Latin América ANAC 114.41
Bloco Sudeste
VENTURE
CAPITAL
PRIVATE EQUITY
Value
(USDm)
ASSET
ACQUISITION
El Bosque 90 Chile Real Estate MetLife Chile Seguros de Vida Capital Advisors Equity Investments 90.00
VENTURE CAPITAL
EQUITY CAPITAL
MARKETS Value
(USDm)
NotCo Chile Food Kaszek Ventures, IndieBio, Bezos Expeditions, The Craftory 30.00
LARGEST
TRANSACTIONS
Destácame Chile Internet Mountain Nazca, Accion Venture Lab, Fen Ventures 3.00

Karün Chile Private Shareholders Chile I, Blue 2.86
Plastics, Wood and Timber
DEAL OF
THE QUARTER
Purple Dental Chile Technology Private Shareholders Chile I, GaneshaLab, ChileGlobal Ventures 1.00
TTR RADAR
IPO
ISSUER VALUE
ISSUER SUBSECTOR STOCK MARKET EXCHANGE
COUNTRY (USDm)
RANKINGS Inmobiliaria Manquehue Chile Real Estate 69.83

INDEX

Value
(USDm)
OVERVIEW
Negocio de distribución y
comercialización de energía Colombia Electric EPSA - Empresa de Energía del Pacífico Compañía Energética del Tolima (Enertolima) 532.01
eléctrica
Gran Tierra Energy Colombia, Southeast Investment Corporation, Gran
PRIVATE Vetra Southeast Spain Oil and Gas Vetra 104.00
Tierra Resources
EQUITY
Smurfit Kappa Cartón de 101.72
Colombia Plastics, Wood and Smurfit Kappa Private Shareholders Colombia I
Colombia (Approx.)
Timber
VENTURE 60.40
GNB Sudameris Colombia Financial and Insurance Glenoaks Investments Banco Sabadell
CAPITAL (Approx.)
Steel, Metallurgy and

Vidrio Andino Colombia Tecnoglass Saint-Gobain 45.00
Industrial Production
ASSET
ACQUISITION
VENTURE CAPITAL
Value
EQUITY CAPITAL Target Country Subsector Buyer Seller
(USDm)
MARKETS
LARGEST Merqueo.com Colombia Distribution and Retail Endeavor, Portland Private Equity (Portland Holdings) 14.00
TRANSACTIONS
Dila Capital, HOWZAT Partners, Mountain Nazca México (Mountain Nazca),
Flikn Peru Internet 4.50
Acumen Latam Capital Partners, Rethink Education
Tourism, Hotels and

DEAL OF Ayenda Rooms Colombia SoftBank 1.20
THE QUARTER
Restaurants
TTR RADAR
RANKINGS
INDEX
Value
(USDm)
OVERVIEW
Nextel Brasil Brazil Telecoms América Móvil NII Holdings, AI Brazil Holdings 905.00
Cogeneración de Energía Limpia de

Cosoleacaque, Cogeneración de Mexico Electric ContourGlobal Terra 3 Alpek 801.00
Altamira
PRIVATE
EQUITY Tourism, Hotels
AmRest Poland FCapital Dutch Gosha Holdings 348.37
and Restaurants
Telefónica Guatemala Guatemala Telecoms América Móvil Telefónica Centroamérica Inversiones 332.99
VENTURE
CAPITAL Telefónica El Salvador El Salvador Telecoms América Móvil Telefónica Centroamérica Inversiones 314.81
ASSET PRIVATE EQUITY

ACQUISITION
Value
(USDm)
28.30
Harmon Hall Mexico Education Talisis Nexxus Capital III (Nexxus Capital)
EQUITY CAPITAL (Approx.)
MARKETS
VENTURE CAPITAL
LARGEST Value
TRANSACTIONS Target Country Subsector Buyer Seller
(USDm)
United Financial and

CashDash UK IGNIA Partners, General Catalyst Partners, Target Global, Stripe 40.00
Kingdom Insurance
DEAL OF Korea Development Bank, AVPAFII (Angel Ventures México), Premier
THE QUARTER
South
B2LinK Technology Partners, POSCO Capital, Delta Investment, Cape Investment & Securities, 15.00
Korea
Kolmar Korea Holdings
TTR RADAR
Financial and Omidyar Network, Mountain Nazca México (Mountain Nazca), Greyhound
Albo Mexico 7.40
Insurance Capital
RANKINGS DogHero Brazil Internet IGNIA Partners, Rover 7.13

INDEX

Value
(USDm)
OVERVIEW
TASA - Tecnología Peru, Consultancy, Audit and Engineering,
Alicorp Inversiones Private Shareholders Peru I 490.00
Aplicada, Atlantis Uruguay Chemical and Chemical Materials
Terminales
Peru Transport, Aviation and Logistics COSCO SHIPPING Ports Volcán Compañía Minera 225.00
PRIVATE Portuarios Chancay
EQUITY
Unidad de negocios 19.00
Chile Financial and Insurance Krealo Multicaja
digitales (Approx.)
United Agriculture, Agribusiness, Farming and

Vital Landscaping ADA Investments Private Shareholders United States I 18.00
States Fishing
VENTURE
CAPITAL
Lote 108 Peru Oil and Gas Perinti Pluspetrol 15.00
ASSET
ACQUISITION
VENTURE CAPITAL
Value
(USDm)
EQUITY CAPITAL
MARKETS Dila Capital, HOWZAT Partners, Mountain Nazca México (Mountain Nazca),
Flikn Peru Internet 4.50
Acumen Latam Capital Partners, Rethink Education
Bonsai Venture Capital, IGNIA Partners, Antai Venture Builder, Sabadell
Trendier Mexico Internet Venture Capital, Pedralbes Partners, Private Shareholders Mexico I, Ataria 3.50
LARGEST Ventures
TRANSACTIONS
DEAL OF
THE QUARTER
TTR RADAR
RANKINGS
DEAL OF THE QUARTER
INDEX
First Quarter Second Quarter Third Quarter Fourth Quarter
Target: TASA - Tecnología Aplicada, Atlantis Target: Target: Target:

Buyer: Alicorp Inversiones Buyer: Buyer: Buyer:
OVERVIEW Value: USD 490.00m Value: Value: Value:
TASA - Tecnología Aplicada, Atlantis

PRIVATE Full Transaction Details
EQUITY Alicorp acquires 100% of TASA
Parties FINANCIAL DATA
Target: TASA - Tecnología Aplicada Total Value Payment
VENTURE
Description: Empresa dedicada a la prestación de servicios de consultoría tecnológica.
CAPITAL
Target: Atlantis USD 490.00m (Cash) USD 490.00m
Description: Empresa dedicada a la producción y venta de productos de limpieza.
ASSET Buyer % Seller %

ACQUISITION
Alicorp Inversiones 100.00% Private Shareholders Peru I 100.00%
Ultimate Owner (Buyer)
EQUITY CAPITAL Alicorp

MARKETS
Advisors / Due Diligence

Parties Financial Advisory People
LARGEST
TRANSACTIONS TASA - Tecnología
BTG Pactual Perú José Blanco (CEO - Chief Executive Officer), Cristhian Escalante (Executive Director), Javier Canchano (Director)
Aplicada
Alicorp McKinsey & Company Javier A. Valenzuela (Manager), Max Ramberg (Associate), Alessandra Valle (Analyst)
DEAL OF Alicorp PwC Perú Nicolás Oberrath (Partner), César Castillo (Director)
THE QUARTER
Parties Legal Advisory People
TASA - Tecnología Philippi, Prietocarrizosa, Ferrero DU Rafael Boisset Tizón (Partner), Milagros Pastor (Senior Associate), Raúl Vizcarra (Senior Associate), Alexa Adriazola (Associate), Noelia Mariátegui (Associate), Antonio
Aplicada & Uría Perú Guarniz Izquierdo (Partner), Víctor Bravo (Associate)
TTR RADAR
TASA - Tecnología
Posadas, Posadas & Vecino Tomás Gurméndez Márquez (Partner), Valentina Rostan (Associate), Victoria Garabato (Associate)
Aplicada
Alicorp Miranda & Amado Abogados Luis Miranda (Partner), Mariano Peró (Associate)
RANKINGS Alicorp Ferrere
Parties Public Relations People

Gonzalo Carranza (Partner), Luis Miguel Peña (Partner), Samantha Geigner (Partner), Sandra Ortiz (Partner), Daniel Sánchez (Associate), Elena Palacín (Associate), Thalía
Alicorp Llorente & Cuenca Perú
Gutiérrez (Associate)
TTR RADAR
FORWARD-LOOKING INTELLIGENCE
INDEX
Opportunities by Intelligence Type and Volume - 1Q 2019
OVERVIEW
Advisory Appointment Asset Sales / Acquisitions
Takeover
Succession Planning Auction
Strategic Management Change Business Expansion

PRIVATE
EQUITY
400
Roadshow Capital Raise
Identify early stage M&A
opportunities with TTR
Regulatory / Compliance 300 Changes in Control
VENTURE Radar, delivering
CAPITAL actionable proprietary and
Public Tender / Concession Companies for Sale aggregated intelligence.
200
ASSET
ACQUISITION
Public Takeover Offer Companies looking for Investor..
100 TTR RADAR
Aggregated Intelligence
Project Finance / Infrastructu.. Companies Looking to Buy
EQUITY CAPITAL 0 Nubox to enter Peru
MARKETS
Privatization Corporate Governance Change
LARGEST
TRANSACTIONS TTR RADAR
Private Equity Exit De-listing
Proprietary Intelligence
Sapore sets sights on

DEAL OF Private Equity / Venture Capit.. Distressed / Restructuring
THE QUARTER
new acquisition
opportunities, regional
pre-IPO Family-owned / Closely held
expansion and IPO
TTR RADAR
Partnerships & Alliances Follow-on Issuance
New Mandate Opportunity High Growth

RANKINGS
Merger Infrastructure
Market Exit Market Entry Joint Venture
INDEX
OVERVIEW
RANKING
PRIVATE
EQUITY
YEAR TO DATE
VENTURE
CAPITAL
ASSET
ACQUISITION
EQUITY CAPITAL
MARKETS
LARGEST
TRANSACTIONS
DEAL OF
THE QUARTER
Financial Advisors
TTR RADAR
RANKINGS
Legal Advisors
Dealmakers
RANKING YEAR TO DATE
M&A, PRIVATE EQUITY, VENTURE CAPITAL AND ASSET ACQUISITIONS

INDEX
Financial Advisors
OVERVIEW By total value of transactions
Variation Buy-Side Sell-Side

Ranking 2019 Financial Advisor Total value (USDm) Number of transactions Ranking 2018
Total value (%) (USDm) (USDm)
1 BBVA 725.00 2 * * Exclusive Content Exclusive Content
PRIVATE
2 Banco Itaú BBA 390.38 3 * * Exclusive Content Exclusive Content
EQUITY
3 Mediobanca 354.88 1 * * Exclusive Content Exclusive Content
By nº of transactions
VENTURE Variation nº
CAPITAL Ranking 2019 Financial Advisor Number of transactions Total value (USDm) Ranking 2018 Buy-Side Sell-Side
Of transactions
1 Banco Itaú BBA 3 390.38 * * Exclusive Content Exclusive Content
2 BBVA 2 725.00 * * Exclusive Content Exclusive Content
ASSET 3 Mediobanca 1 354.88 * * Exclusive Content Exclusive Content
ACQUISITION
4 Goldenhill Advisors Argentina 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
This ranking was generated with transactions announced in 2019 Year-to-Date. The Rankings do not include joint ventures. At least one party in the transaction must be from the country analyzed.
EQUITY CAPITAL In case of a draw, the adopted criteria will be the following: for a draw of the number of transactions, the total deal value prevails; for a draw of the deal value, the number of transactions prevails. When a draw of
MARKETS both deal number and deal value occurs, the original position will be maintained and the deals will be arranged alphabetically.
In transactions where the same advisor represents both Buy-side and Sell-side, the deal is credited only once as Buy-side. Sell-side includes advisory mandates for targets and sellers.
* Not registered in 2018
All transactions and financial data are available at www.TTRecord.com.
LARGEST
TRANSACTIONS
DEAL OF
THE QUARTER
TTR RADAR
RANKINGS

INDEX
Legal Advisors

Ranking 2019 Legal Advisor Total value (USDm) Number of transactions Ranking 2018
1 Baker McKenzie Argentina 725.00 1 9 16,682.31 Exclusive Content Exclusive Content
PRIVATE
1 Estudio Beccar Varela 725.00 1 3 141.67 Exclusive Content Exclusive Content
EQUITY
2 Marval O'Farrell & Mairal 97.50 6 1 -87.12 Exclusive Content Exclusive Content
3 Pérez Alati Grondona Benites & Arntsen 52.50 5 2 -90.10 Exclusive Content Exclusive Content
4 Exclusive Content 45.00 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
VENTURE
CAPITAL
Variation nº
Ranking 2019 Legal Advisor Number of transactions Total value (USDm) Ranking 2018 Buy-Side Sell-Side
Of transactions
ASSET 1 Marval O'Farrell & Mairal 6 97.50 2 1 Exclusive Content Exclusive Content
ACQUISITION
2 Pérez Alati Grondona Benites & Arntsen 5 52.50 3 0 Exclusive Content Exclusive Content
3 Baker McKenzie Argentina 1 725.00 11 0 Exclusive Content Exclusive Content
3 Estudio Beccar Varela 1 725.00 7 0 Exclusive Content Exclusive Content
EQUITY CAPITAL
4 Nicholson y Cano Abogados 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
MARKETS
5 Brons & Salas Abogados 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
5 Curtis, Mallet-Prevost, Colt & Mosle Argentina 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
5 Estudio Garrido Abogados 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
LARGEST
TRANSACTIONS 5 EY Law Argentina 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
5 Oría, Colombres y Saravia Abogados 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
5 Tanoira Cassagne Abogados 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
DEAL OF
THE QUARTER
In case of a draw, the adopted criteria will be the following: for a draw of the number of transactions, the total deal value prevails; for a draw of the deal value, the number of transactions prevails. When a draw of
both deal number and deal value occurs, the original position will be maintained and the deals will be arranged alphabetically.
TTR RADAR
RANKINGS

INDEX
Dealmakers - Legal Advisors

TTR's Dealmaker Rankings are comprised exclusively of partner-level advisors active in each given market.
OVERVIEW By total value of transactions By nº of transactions
Ranking Total value Number of Ranking Variation Ranking Number of Total value Ranking Variation nº
Dealmakers - Legal Advisor Dealmakers - Legal Advisor
2019 (USDm) transactions 2018 Total value (%) 2019 transactions (USDm) 2018 Of transactions
Esteban Pablo Rópolo (Baker McKenzie Diego S. Krischcautzky (Marval O'Farrell
1 725,00 1 7 16.682,31 1 2 45,00 3 1
PRIVATE Argentina) & Mairal)
EQUITY
Gabriel Gómez Giglio (Baker McKenzie Santiago Daireaux (Pérez Alati Grondona Exclusive Exclusive Exclusive
1 725,00 1 7 16.682,31 2 2
Argentina) Benites & Arntsen) Content Content Content
Gustavo Boruchowicz (Baker McKenzie Pablo Artagaveytia (Marval O'Farrell & Exclusive Exclusive Exclusive
1 725,00 1 7 16.682,31 3 2
Argentina) Mairal) Content Content Content
VENTURE
CAPITAL María Vanina Caniza (Baker McKenzie Esteban Pablo Rópolo (Baker McKenzie
1 725,00 1 7 16.682,31 4 1 725,00 8 0
Argentina) Argentina)
1 Agustín Waisman (Estudio Beccar Varela) 725,00 1 2 141,67 Gabriel Gómez Giglio (Baker McKenzie
4 1 725,00 8 0
Argentina)
José Miguel Puccinelli (Estudio Beccar
ASSET 1 725,00 1 2 141,67
Varela) Gustavo Boruchowicz (Baker McKenzie
ACQUISITION 4 1 725,00 8 0
María Benson (Estudio Beccar Varela) Argentina)
1 725,00 1 2 141,67
María Shakespear (Estudio Beccar Varela) María Vanina Caniza (Baker McKenzie
1 725,00 1 2 141,67 4 1 725,00 8 0
Argentina)
Roberto Horacio Crouzel (Estudio Beccar
EQUITY CAPITAL 1 725,00 1 2 141,67 4 Agustín Waisman (Estudio Beccar Varela) 1 725,00 4 0
Varela)
MARKETS José Miguel Puccinelli (Estudio Beccar
Santiago Montezanti (Estudio Beccar 4 1 725,00 4 0
1 725,00 1 2 141,67 Varela)
Varela)
4 María Benson (Estudio Beccar Varela) 1 725,00 4 0
Diego S. Krischcautzky (Marval O'Farrell
2 45,00 2 1 -89,00 María Shakespear (Estudio Beccar Varela)
LARGEST & Mairal) 4 1 725,00 4 0
TRANSACTIONS
Pablo Viñals Blake (Marval O'Farrell & Roberto Horacio Crouzel (Estudio Beccar
3 45,00 1 1 -89,00 4 1 725,00 4 0
Mairal) Varela)
Luis Rodolfo Bullrich (Nicholson y Cano Santiago Montezanti (Estudio Beccar
3 45,00 1 5 36,36 4 1 725,00 4 0
DEAL OF
Abogados) Varela)
THE QUARTER María Fraguas (Nicholson y Cano Pablo Viñals Blake (Marval O'Farrell &
3 45,00 1 5 36,36 5 1 45,00 3 0
Abogados) Mairal)
Mariana Guzian (Nicholson y Cano Luis Rodolfo Bullrich (Nicholson y Cano
3 45,00 1 5 36,36 5 1 45,00 6 0
Abogados) Abogados)
TTR RADAR
Santiago María Juan Antonio Nicholson María Fraguas (Nicholson y Cano
3 45,00 1 5 36,36 5 1 45,00 6 0
(Nicholson y Cano Abogados) Abogados)
Exclusive Exclusive Exclusive Mariana Guzian (Nicholson y Cano

4 Exclusive Content 35,50 5 1 45,00 6 0
RANKINGS Content Content Content Abogados)
Santiago María Juan Antonio Nicholson
5 1 45,00 6 0
(Nicholson y Cano Abogados)
INDEX
By total value of transactions By nº of transactions
OVERVIEW 2019 (USDm) transactions 2018 Total value (%) 2019 transactions (USDm) 2018 Of transactions
Exclusive Exclusive Exclusive Gabriel G. Matarasso (Marval O'Farrell & Exclusive Exclusive Exclusive
5 Exclusive Content 35,50 6 1
Content Content Content Mairal) Content Content Content
Exclusive Exclusive Exclusive Guillermo Burman (Marval O'Farrell & Exclusive Exclusive Exclusive
5 Exclusive Content 35,50 6 1
Content Content Content Mairal) Content Content Content
PRIVATE
EQUITY Exclusive Content Exclusive Exclusive Exclusive 7 Roberto E. Silva (Marval O'Farrell & Mairal) 1 Exclusive Exclusive Exclusive
6 17,00
Content Content Content Content Content Content
6 Exclusive Content 17,00 Exclusive Exclusive Exclusive Guillermo E. Quiñoa (Pérez Alati Exclusive Exclusive Exclusive
7 1
Content Content Content Grondona Benites & Arntsen) Content Content Content
VENTURE Exclusive Exclusive Exclusive Vanina Veiga (Pérez Alati Grondona Exclusive Exclusive Exclusive
CAPITAL 6 Exclusive Content 17,00 7 1
Content Content Content Benites & Arntsen) Content Content Content
Javier A. Fernández Verstegen (Brons & Exclusive Exclusive Exclusive
8 1
Salas Abogados) Content Content Content
ASSET Juan Felipe Arlia Goyeneche (Brons & Exclusive Exclusive Exclusive
8 1
ACQUISITION Salas Abogados) Content Content Content
Jose Galimberti (Curtis, Mallet-Prevost, Exclusive Exclusive Exclusive
8 1
Colt & Mosle Argentina) Content Content Content
Luis Maria Ayarragaray (Curtis, Mallet- Exclusive Exclusive Exclusive
8 1
EQUITY CAPITAL Prevost, Colt & Mosle Argentina) Content Content Content
MARKETS
Manuel Martin Lanusse (Curtis, Mallet- Exclusive Exclusive Exclusive
8 1
Prevost, Colt & Mosle Argentina) Content Content Content
Gustavo E. Garrido (Estudio Garrido Exclusive Exclusive Exclusive
8 1
LARGEST Abogados) Content Content Content
TRANSACTIONS
María Marta Cancio (Estudio Garrido Exclusive Exclusive Exclusive
8 1
Abogados) Content Content Content
DEAL OF
THE QUARTER
In case of a draw, the adopted criteria will be the following: for a draw of the number of transactions, the total deal value prevails; for a draw of the deal value, the number of transactions prevails. When a draw of both deal number and
TTR RADAR deal value occurs, the original position will be maintained and the deals will be arranged alphabetically.
RANKINGS

M&A, PRIVATE EQUITY AND VENTURE CAPITAL
Financial Advisors
INDEX
By total value of transactions
OVERVIEW
1 Rothschild (Global) 1,681.72 2 * * Exclusive Content Exclusive Content
2 Banco Itaú BBA 1,126.67 5 1 -89.68 Exclusive Content Exclusive Content
PRIVATE
EQUITY 3 Greenhill & Co. 905.00 1 21 * Exclusive Content Exclusive Content
VENTURE 6 Exclusive Content 400.00 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
CAPITAL 7 Exclusive Content 184.73 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
ASSET 10 Exclusive Content 45.00 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
ACQUISITION
Variation nº
Ranking 2019 Financial Advisor Number of transactions Total value (USDm) Ranking 2018 Buy-Side Sell-Side
Of transactions
EQUITY CAPITAL
MARKETS 1 Banco Itaú BBA 5 1,126.67 1 -4 Exclusive Content Exclusive Content
2 Banco BTG Pactual 5 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
3 IGC Partners 5 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
LARGEST 4 JK Capital 4 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
TRANSACTIONS
5 Cypress Associates 3 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
6 Ivory Business Management, Advisory and Consultancy 3 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
7 Rothschild (Global) 2 1,681.72 * * Exclusive Content Exclusive Content
DEAL OF
THE QUARTER 8 Centria Partners 2 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
8 Deloitte Brasil 2 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
8 LKC Capital 2 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
TTR RADAR 8 PConsultores 2 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
9 Greenhill & Co. 1 905.00 21 0 Exclusive Content Exclusive Content
10 BNP Paribas (Global) 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
RANKINGS This ranking was generated with transactions announced in 2019 Year-to-Date. The Rankings do not include acquisitions/sales of assets and joint ventures. At least one party in the transaction must be from the
country analyzed.
In transactions where the same advisor represents both Buy-side and Sell-side, the deal is credited only once as Buy-side. Sell-side includes advisory mandates for targets and sellers. * Not registered in 2018

INDEX
Legal Advisors

1 Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados 2,450.87 10 1 -76.65 Exclusive Content Exclusive Content
PRIVATE
2 Demarest Advogados 1,175.93 10 12 627.78 Exclusive Content Exclusive Content
EQUITY
3 BMA – Barbosa Müssnich Aragão 905.00 5 5 7.82 Exclusive Content Exclusive Content
VENTURE
CAPITAL
ASSET
ACQUISITION 10 Exclusive Content 122.92 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
Variation nº
EQUITY CAPITAL Ranking 2019 Legal Advisor Number of transactions Total value (USDm) Ranking 2018 Buy-Side Sell-Side
Of transactions
MARKETS
1 Pinheiro Neto Advogados 12 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
2 Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados 10 2,450.87 1 -8 Exclusive Content Exclusive Content
3 Demarest Advogados 10 1,175.93 3 -5 Exclusive Content Exclusive Content
LARGEST
TRANSACTIONS 4 Veirano Advogados 9 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
5 Machado, Meyer, Sendacz e Opice Advogados 6 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
6 BMA – Barbosa Müssnich Aragão 5 905.00 4 -6 Exclusive Content Exclusive Content
DEAL OF 7 Cescon, Barrieu Flesch & Barreto Advogados 5 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
THE QUARTER
8 TozziniFreire Advogados 5 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
9 Pinheiro Guimarães 4 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
10 FreitasLeite Advogados 4 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
TTR RADAR
10 Lefosse Advogados 4 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
This ranking was generated with transactions announced in 2019 Year-to-Date. The Rankings do not include acquisitions/sales of assets and joint ventures. At least one party in the transaction must be from the
RANKINGS country analyzed.

INDEX
Dealmakers - Financial Advisor

OVERVIEW
Dealmakers - Financial Advisor Dealmakers - Financial Advisor
1 Pedro Kassab (Banco Fator) 61.62 1 * * Luiz Estevam (Ivory Business Management, Exclusive Exclusive Exclusive
1 3
Advisory and Consultancy) Content Content Content
João Caetano Magalhães
PRIVATE 2 45.00 1 * *
(Redirection Assessoria Empresarial) Mauro Fistarol (Ivory Business Management, Exclusive Exclusive Exclusive
EQUITY 1 3
Advisory and Consultancy) Content Content Content
Vinícius de Oliveira (Redirection
2 45.00 1 * *
Assessoria Empresarial) 2 Pedro Kassab (Banco Fator) 1 61.62 * *
3 Carlos Parizotto (Cypress Associates) 12.79 1 * * João Caetano Magalhães (Redirection
3 1 45.00 * *
Assessoria Empresarial)
VENTURE Marcos Hiran Silva (Cypress
3 12.79 1 * *
CAPITAL Associates) Vinícius de Oliveira (Redirection Assessoria
3 1 45.00 * *
Empresarial)
Exclusive Exclusive Exclusive
4 Exclusive Content 11.39
Content Content Content 4 Carlos Parizotto (Cypress Associates) 1 12.79 * *
4 Marcos Hiran Silva (Cypress Associates) 1 12.79 * *
ASSET
ACQUISITION Thiago Antich Monteiro Barros (Cypress Exclusive Exclusive Exclusive
5 1
Associates) Content Content Content
6 Marcelo Coppla (Cypress Associates) 1
Content Content Content
EQUITY CAPITAL
Reinaldo Grasson De Oliveira (Deloitte Exclusive Exclusive Exclusive
MARKETS 6 1
Brasil) Content Content Content
Gustavo Carmona Sanches (EY Brasil (Ernst Exclusive Exclusive Exclusive
6 1
& Young)) Content Content Content
LARGEST Exclusive Exclusive Exclusive
TRANSACTIONS 6 Paulo Bento (Insights Investimentos) 1
6 Saulo Sturaro (JK Capital) 1
DEAL OF Exclusive Exclusive Exclusive

6 Leandro Mantesso (Magma) 1
THE QUARTER Content Content Content
6 Ricardo Guntovitch (RG5 Solutions) 1
TTR RADAR Felipe Bittencourt (Vinci Partners Exclusive Exclusive Exclusive

6 1
Assessoria Financeira) Content Content Content
This ranking was generated with transactions announced in 2019 Year-to-Date. The Rankings do not include acquisitions/sales of assets and joint ventures. At least one party in the transaction must be from the country analyzed.
RANKINGS
deal value occurs, the original position will be maintained and the deals will be arranged alphabetically.

INDEX

Total Total
Ranking Number of Ranking Variation Ranking Number of Ranking Variation nº
Dealmakers - Legal Advisor value Dealmakers - Legal Advisor value
2019 transactions 2018 Total value (%) 2019 transactions 2018 Of transactions
(BRLm) (BRLm)
PRIVATE Lauro Celidonio Gomes dos Reis Neto (Mattos Lauro Celidonio Gomes dos Reis Neto (Mattos
1 5.758,80 4 1 -84,72 1 4 5.758,80 5 0
EQUITY Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados) Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados)
2 Thiago Barbosa Sandim (Demarest Advogados) 3.955,19 2 25 715,51 Marcela Waksman Ejnisman (TozziniFreire Exclusive Exclusive Exclusive
2 4
Moacir Zilbovicius (Mattos Filho, Veiga Filho, Advogados) Content Content Content
3 3.579,11 2 1 -90,51
Marrey Jr. e Quiroga Advogados) Elie J. Sherique (Machado, Meyer, Sendacz e Exclusive Exclusive Exclusive
VENTURE 3 3
Opice Advogados) Content Content Content
CAPITAL Exclusive Exclusive Exclusive
4 Exclusive Content 3.453,61
Content Content Content Daniel Vianna de Azevedo Barros (Halembeck Exclusive Exclusive Exclusive
4 3
Barros Advogados Associados) Content Content Content
Exclusive Content Exclusive Exclusive Exclusive
4 3.453,61
Content Content Content Luís Guilherme Bonazza Teixeira (Halembeck Exclusive Exclusive Exclusive
4 3
ASSET Barros Advogados Associados) Content Content Content
ACQUISITION 4 3.453,61
Content Content Content Marcelo de França Fernandes da Silva Exclusive Exclusive Exclusive
4 3
(Halembeck Barros Advogados Associados) Content Content Content
4 3.453,61
Content Content Content Rodrigo Azevedo Junqueira (Lefosse Exclusive Exclusive Exclusive
4 3
Advogados) Content Content Content
EQUITY CAPITAL Exclusive Content Exclusive Exclusive Exclusive
4 3.453,61
MARKETS Content Content Content 5 Thiago Barbosa Sandim (Demarest Advogados) 2 3.955,19 8 -2
Exclusive Content Exclusive Exclusive Exclusive Moacir Zilbovicius (Mattos Filho, Veiga Filho,
4 3.453,61 6 2 3.579,11 5 -2
Content Content Content Marrey Jr. e Quiroga Advogados)
Exclusive Content Exclusive Exclusive Exclusive Bruno Dario Werneck (Mattos Filho, Veiga Filho, Exclusive Exclusive Exclusive
LARGEST 4 3.453,61 7 2
TRANSACTIONS Content Content Content Marrey Jr. e Quiroga Advogados) Content Content Content
Exclusive Content Exclusive Exclusive Exclusive Renata Fonseca Zuccolo (Mattos Filho, Veiga Exclusive Exclusive Exclusive
4 3.453,61 8 2
Content Content Content Filho, Marrey Jr. e Quiroga Advogados) Content Content Content
Exclusive Content Exclusive Exclusive Exclusive Luiz Mascaro (Machado, Meyer, Sendacz e Opice Exclusive Exclusive Exclusive
DEAL OF 4 3.453,61 9 2
Content Content Content Advogados) Content Content Content
THE QUARTER
Exclusive Content Exclusive Exclusive Exclusive Maria Eugênia Novis (Machado, Meyer, Sendacz Exclusive Exclusive Exclusive
5 2.305,19 9 2
Content Content Content e Opice Advogados) Content Content Content
Exclusive Content Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive

6 2.305,19 9 Henry Sztutman (Pinheiro Neto Advogados) 2
TTR RADAR Content Content Content Content Content Content
Exclusive Content Exclusive Exclusive Exclusive André Vertullo Bernini (Pinheiro Neto Exclusive Exclusive Exclusive
6 2.305,19 10 2
Content Content Content Advogados) Content Content Content

RANKINGS 6 2.305,19

6 2.305,19

6 2.305,19
By total value of transactions

INDEX
Ranking Total value Number of Ranking Variation

2019 (BRLm) transactions 2018 Total value (%)

OVERVIEW 7 Exclusive Content 1.650,00
7 Exclusive Content 1.650,00 Exclusive Exclusive Exclusive

PRIVATE 7 1.650,00
EQUITY
VENTURE Content Content Content
CAPITAL
ASSET
ACQUISITION Exclusive Exclusive Exclusive
EQUITY CAPITAL Exclusive Exclusive Exclusive
MARKETS 10 Exclusive Content 1.546,16
LARGEST
TRANSACTIONS
This ranking was generated with transactions announced in 2019 Year-to-Date. The Rankings do not include acquisitions/sales of assets and joint ventures. At least one party in the transaction must be from the country analyzed.
DEAL OF
THE QUARTER
TTR RADAR
RANKINGS

INDEX
Financial Advisors

1 Ameris Capital 115.00 1 * * Exclusive Content Exclusive Content
PRIVATE
2 Banco BTG Pactual 114.41 1 1 4.77 Exclusive Content Exclusive Content
EQUITY
3 Redirection Assessoria Empresarial 45.00 1 * * Exclusive Content Exclusive Content
VENTURE By nº of transactions
CAPITAL
Variation nº
Of transactions
1 Ameris Capital 1 115.00 * * Exclusive Content Exclusive Content
ASSET 2 Banco BTG Pactual 1 114.41 2 0 Exclusive Content Exclusive Content
ACQUISITION
3 Redirection Assessoria Empresarial 1 45.00 * * Exclusive Content Exclusive Content
4 Cypress Associates 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
5 BBVA 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
EQUITY CAPITAL
5 J.P. Morgan Chase International Holdings 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
MARKETS
5 The Bank of Nova Scotia (Scotiabank) 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
LARGEST
TRANSACTIONS
DEAL OF
THE QUARTER
TTR RADAR
RANKINGS

INDEX
Legal Advisors

1 Barros & Errázuriz Abogados 617.00 2 7 593.26 Exclusive Content Exclusive Content
PRIVATE
2 Claro y Cía. Abogados 519.00 3 6 375.27 Exclusive Content Exclusive Content
EQUITY
3 Garrigues Chile 205.00 2 * * Exclusive Content Exclusive Content
VENTURE
CAPITAL
ASSET
ACQUISITION
Variation nº
Of transactions
EQUITY CAPITAL
1 Carey 4 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
MARKETS
2 Claro y Cía. Abogados 3 519.00 5 1 Exclusive Content Exclusive Content
3 Barros & Errázuriz Abogados 2 617.00 6 0 Exclusive Content Exclusive Content
4 Garrigues Chile 2 205.00 * * Exclusive Content Exclusive Content
LARGEST
TRANSACTIONS 5 DLA Piper Chile 2 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
6 CMS Carey & Allende 2 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
7 Prieto y Cía Abogados 2 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
DEAL OF 8 Alster Legal 2 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
THE QUARTER
9 Boza & Muirhead Abogados 2 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
9 Silva Ibáñez Abogados 2 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
10 Fontaine & Cia 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
TTR RADAR
RANKINGS both deal number and deal value occurs, the original position will be maintained and the deals will be arranged alphabetically.

INDEX

OVERVIEW
Dealmakers - Financial Advisor Dealmakers - Financial Advisor
João Caetano Magalhães (Redirection João Caetano Magalhães (Redirection
1 45.00 1 * * 1 1 45.00 * *
Assessoria Empresarial) Assessoria Empresarial)
PRIVATE Vinícius de Oliveira (Redirection Vinícius de Oliveira (Redirection
EQUITY 1 45.00 1 * * 1 1 45.00 * *
Assessoria Empresarial) Assessoria Empresarial)
Thiago Antich Monteiro Barros Thiago Antich Monteiro Barros
2 11.39 1 * * 2 1 11.39 * *
(Cypress Associates) (Cypress Associates)
VENTURE
CAPITAL This ranking was generated with transactions announced in 2019 Year-to-Date. The Rankings do not include joint ventures. At least one party in the transaction must be from the country analyzed.
ASSET All transactions and financial data are available at www.TTRecord.com.
ACQUISITION
EQUITY CAPITAL
MARKETS
LARGEST
TRANSACTIONS
DEAL OF
THE QUARTER
TTR RADAR
RANKINGS
INDEX M&A, PRIVATE EQUITY, VENTURE CAPITAL AND ASSET ACQUISITIONS

OVERVIEW
PRIVATE José Tomás Errázuriz (Barros & 1 Alejandra Risso (Carey) 2 90,00 2 0
1 502,00 1 5 464,04
EQUITY Errázuriz Abogados) Ramón Valdivieso (CMS Carey &
2 Allende) 2
Pablo Guerrero (Barros & Errázuriz Content Content Content
1 502,00 1 5 464,04
Abogados)
3 Andrés Jara Baader (Alster Legal) 2
José Luis Ambrosy (Claro y Cía. Content Content Content
VENTURE 1 502,00 1 4 359,71
Abogados)
CAPITAL Cristián Muirhead (Boza & Exclusive Exclusive Exclusive
4 2
José María Eyzaguirre B. (Claro y Muirhead Abogados) Content Content Content
1 502,00 1 4 359,71
Cía. Abogados)
Max Boza (Boza & Muirhead Exclusive Exclusive Exclusive
4 2
Bernardo Simian (Barros & Abogados) Content Content Content
2 115,00 1 5 29,21
ASSET Errázuriz Abogados)
Luis Fernando Silva (Silva Ibáñez Exclusive Exclusive Exclusive
ACQUISITION 4 2
Carola Trucco (Barros & Errázuriz Abogados) Content Content Content
2 115,00 1 5 29,21
Abogados)
José Tomás Errázuriz (Barros &
5 1 502,00 6 0
Luis Alberto Letelier (Barros & Errázuriz Abogados)
2 115,00 1 5 29,21
Errázuriz Abogados)
Pablo Guerrero (Barros & Errázuriz
EQUITY CAPITAL 5 1 502,00 6 0
MARKETS Patricio Solórzano (Barros & Abogados)
2 115,00 1 5 29,21
Errázuriz Abogados)
José Luis Ambrosy (Claro y Cía.
5 1 502,00 5 0
Luis Felipe Merino Risopatrón Abogados)
2 115,00 1 * *
(Garrigues Chile)
José María Eyzaguirre B. (Claro y
LARGEST 5 1 502,00 5 0
3 Alejandra Risso (Carey) 90,00 2 2 -44,95 Cía. Abogados)
TRANSACTIONS
Exclusive Exclusive Bernardo Simian (Barros &
4 Exclusive Content 90,00 Exclusive Content 6 1 115,00 6 0
Content Content Errázuriz Abogados)
Exclusive Exclusive Carola Trucco (Barros & Errázuriz

DEAL OF 4 Exclusive Content 90,00 Exclusive Content 6 1 115,00 6 0
Content Content Abogados)
THE QUARTER
Exclusive Exclusive Luis Alberto Letelier (Barros &
Content Content Errázuriz Abogados)
Exclusive Exclusive Patricio Solórzano (Barros &

TTR RADAR Content Content Errázuriz Abogados)
Exclusive Exclusive Luis Felipe Merino Risopatrón

4 Exclusive Content 90,00 Exclusive Content 6 1 115,00 * *
Content Content (Garrigues Chile)
RANKINGS
Exclusive Exclusive Exclusive Exclusive Exclusive
5 Exclusive Content 32,86 Exclusive Content
Content Content
Exclusive Exclusive
6 Exclusive Content 30,00 Exclusive Content
Content Content
INDEX By total value of transactions By nº of transactions
OVERVIEW Exclusive Exclusive Exclusive Exclusive Exclusive

7 17,00 Exclusive Content 7 Cristián Figueroa (Carey) 1
Exclusive Content Content Content Content Content Content
Exclusive Exclusive Exclusive Exclusive Exclusive

8 Exclusive Content 3,00 Exclusive Content 7 Pablo Iacobelli (Carey) 1
Content Content Content Content Content
9 Exclusive Content 3,00 Exclusive Content Exclusive Exclusive Exclusive Exclusive Exclusive
PRIVATE 7 Patricia Silberman (Carey) 1
EQUITY Content Content
Juan Eduardo Troncoso Exclusive Exclusive Exclusive
7 1
(Fontaine & Cia) Content Content Content
7 Jose Miguel Rioseco (Garrigues 1 Exclusive Exclusive Exclusive
VENTURE Chile) Content Content Content
CAPITAL
Matías Somarriva (CMS Carey & Exclusive Exclusive Exclusive
8 1
Allende) Content Content Content
Felipe Larraín (Claro y Cía. Exclusive Exclusive Exclusive

9 1
ASSET
ACQUISITION Exclusive Exclusive Exclusive
10 Matías Zegers (DLA Piper Chile) 1
EQUITY CAPITAL
MARKETS
LARGEST In case of a draw, the adopted criteria will be the following: for a draw of the number of transactions, the total deal value prevails; for a draw of the deal value, the number of transactions prevails. When a draw of both deal number and
TRANSACTIONS deal value occurs, the original position will be maintained and the deals will be arranged alphabetically.
DEAL OF
THE QUARTER
TTR RADAR
RANKINGS

INDEX
Financial Advisors

1 Grupo Bancolombia 532.01 1 * * Exclusive Content Exclusive Content
PRIVATE
EQUITY
Variation nº
Of transactions
VENTURE 1 Credicorp 2 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
CAPITAL
2 Grupo Bancolombia 1 532.01 * * Exclusive Content Exclusive Content
3 APOYO Finanzas Corporativas 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
3 SBI - Banca de Inversión 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
ASSET
ACQUISITION
EQUITY CAPITAL * Not registered in 2018
MARKETS All transactions and financial data are available at www.TTRecord.com.
LARGEST
TRANSACTIONS
DEAL OF
THE QUARTER
TTR RADAR
RANKINGS

INDEX
Legal Advisors

1 Philippi, Prietocarrizosa Ferrero DU & Uría 577.01 6 2 84.70 Exclusive Content Exclusive Content
PRIVATE
2 DLA Piper Martinez Beltrán 532.01 5 10 * Exclusive Content Exclusive Content
EQUITY
3 Dentons Cárdenas & Cárdenas 108.60 5 * * Exclusive Content Exclusive Content
VENTURE
CAPITAL
Variation nº
Of transactions
ASSET 1 Philippi, Prietocarrizosa Ferrero DU & Uría 6 577.01 2 2 Exclusive Content Exclusive Content
ACQUISITION
2 DLA Piper Martinez Beltrán 5 532.01 7 3 Exclusive Content Exclusive Content
3 Dentons Cárdenas & Cárdenas 5 108.60 * * Exclusive Content Exclusive Content
4 Posse Herrera Ruiz 3 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
EQUITY CAPITAL
5 Brigard & Urrutia Abogados 2 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
MARKETS
6 Garrigues Colombia 2 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
7 Contexto Legal Abogados 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
7 Holland & Knight Colombia 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
LARGEST
TRANSACTIONS
DEAL OF In transactions where the same advisor represents both Buy-side and Sell-side, the deal is credited only once as Buy-side. Sell-side includes advisory mandates for targets and sellers.
THE QUARTER
TTR RADAR
RANKINGS

INDEX

OVERVIEW
Ranking Dealmakers - Financial Total value Number of Ranking Variation Ranking Number of Total value Ranking Variation nº
2019 Advisor (USDm) transactions 2018 Total value (%) 2019 transactions (USDm) 2018 Of transactions
Eduardo Campos (APOYO Finanzas Exclusive Exclusive Exclusive
1 1
Corporativas) Content Content Content
PRIVATE Alejandro Gómez (SBI - Banca de Exclusive Exclusive Exclusive
EQUITY 1 1
Inversión) Content Content Content
VENTURE In case of a draw, the adopted criteria will be the following: for a draw of the number of transactions, the total deal value prevails; for a draw of the deal value, the number of transactions prevails. When a draw of both deal number and
CAPITAL deal value occurs, the original position will be maintained and the deals will be arranged alphabetically.
ASSET
ACQUISITION
EQUITY CAPITAL
MARKETS
LARGEST
TRANSACTIONS
DEAL OF
THE QUARTER
TTR RADAR
RANKINGS

INDEX

Juan Manuel de la Rosa (DLA Piper Hernán Rodríguez (Dentons Cárdenas &
PRIVATE 1 532,01 2 11 * 1 5 108,60 * *
Martinez Beltrán) Cárdenas)
EQUITY
Camilo Martínez Beltrán (DLA Piper Felipe Quintero (DLA Piper Martinez Exclusive Exclusive Exclusive
2 532,01 1 11 * 2 3
Martinez Beltrán) Beltrán) Content Content Content
Carolina Rozo Gutiérrez (Philippi, Juan Manuel de la Rosa (DLA Piper
2 532,01 1 2 77,34 3 2 532,01 11 1
VENTURE Prietocarrizosa Ferrero DU & Uría) Martinez Beltrán)
CAPITAL Claudia Barrero Lozano (Philippi, Exclusive Exclusive Exclusive
2 532,01 1 2 77,34 4 Álvaro José Rodríguez (Posse Herrera Ruiz) 2
Prietocarrizosa Ferrero DU & Uría) Content Content Content
Sandra Manrique (Philippi, Exclusive Exclusive Exclusive
2 532,01 1 2 77,34 4 Juan David Velasco (Posse Herrera Ruiz) 2
ASSET
ACQUISITION Hernán Rodríguez (Dentons Cárdenas & Darío Laguado Giraldo (Brigard & Urrutia Exclusive Exclusive Exclusive
3 108,60 5 * * 5 2
Cárdenas) Abogados) Content Content Content
Exclusive Exclusive Exclusive Exclusive Exclusive Exclusive
4 Exclusive Content 45,00 6 Andrés Ordóñez Rizo (Garrigues Colombia) 2
EQUITY CAPITAL Exclusive Exclusive Exclusive Camilo Martínez Beltrán (DLA Piper
4 Exclusive Content 45,00 7 1 532,01 11 0
MARKETS Content Content Content Martinez Beltrán)
Exclusive Exclusive Exclusive Carolina Rozo Gutiérrez (Philippi,
5 Exclusive Content 45,00 7 1 532,01 2 -1
Content Content Content Prietocarrizosa Ferrero DU & Uría)
LARGEST Exclusive Exclusive Exclusive Claudia Barrero Lozano (Philippi,

TRANSACTIONS Content Content Content Prietocarrizosa Ferrero DU & Uría)
Exclusive Exclusive Exclusive Sandra Manrique (Philippi, Prietocarrizosa
Content Content Content Ferrero DU & Uría)
Exclusive Exclusive Exclusive Hernando Padilla Gómez (Philippi, Exclusive Exclusive Exclusive
DEAL OF 5 Exclusive Content 45,00 8 1
THE QUARTER Content Content Content Prietocarrizosa Ferrero DU & Uría) Content Content Content
6 Exclusive Content 18,55 8 Andrés Montoya (Posse Herrera Ruiz) 1
TTR RADAR 7 Exclusive Content 14,00 8 Jaime Cubillos (Posse Herrera Ruiz) 1
Juan David David Barbosa (Posse Herrera Exclusive Exclusive Exclusive
8 1
Ruiz) Content Content Content
RANKINGS Exclusive Exclusive Exclusive

9 José Alejandro Torres (Posse Herrera Ruiz) 1
Danilo Romero Raad (Holland & Knight Exclusive Exclusive Exclusive
10 1
Colombia) Content Content Content
Felipe Cuberos de las Casas (Philippi, Exclusive Exclusive Exclusive
10 1
Nicolás Tirado Tirado (Philippi, Exclusive Exclusive Exclusive
10 1

INDEX
Financial Advisors

1 Greenhill & Co. 905.00 1 * * Exclusive Content Exclusive Content
PRIVATE
1 Rothschild 905.00 1 3 201.67 Exclusive Content Exclusive Content
EQUITY
2 Citigroup 647.81 2 * * Exclusive Content Exclusive Content
2 Banco Santander 647.81 2 * * Exclusive Content Exclusive Content
3 HSBC 146.50 1 1 -87.78 Exclusive Content Exclusive Content
VENTURE
CAPITAL
ASSET
ACQUISITION Variation nº
Of transactions
1 Citigroup 2 647.81 * * Exclusive Content Exclusive Content
1 Banco Santander 2 647.81 * * Exclusive Content Exclusive Content
EQUITY CAPITAL
2 Greenhill & Co. 1 905.00 * * Exclusive Content Exclusive Content
MARKETS
2 Rothschild 1 905.00 5 0 Exclusive Content Exclusive Content
3 HSBC 1 146.50 4 0 Exclusive Content Exclusive Content
4 414 Capital 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
LARGEST
TRANSACTIONS 4 IBIS Capital 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
5 Alantra 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
DEAL OF 5 Kaya Impacto 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
THE QUARTER
TTR RADAR both deal number and deal value occurs, the original position will be maintained and the deals will be arranged alphabetically.
RANKINGS

INDEX
Legal Advisors

1 Galicia Abogados 801.00 2 7 746.19 Exclusive Content Exclusive Content
PRIVATE
1 Mijares, Angoitia, Cortés y Fuentes 801.00 2 8 1,999.05 Exclusive Content Exclusive Content
EQUITY
2 Santamarina y Steta Abogados 146.50 1 13 * Exclusive Content Exclusive Content
3 Creel, García-Cuéllar, Aiza y Enríquez 62.00 2 2 -90.55 Exclusive Content Exclusive Content
VENTURE
CAPITAL
ASSET
ACQUISITION Variation nº
Of transactions
1 Galicia Abogados 2 801.00 3 -2 Exclusive Content Exclusive Content
1 Mijares, Angoitia, Cortés y Fuentes 2 801.00 6 -1 Exclusive Content Exclusive Content
EQUITY CAPITAL
2 Creel, García-Cuéllar, Aiza y Enríquez 2 62.00 1 -17 Exclusive Content Exclusive Content
MARKETS
3 Greenberg Traurig México 2 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
4 Chávez Vargas Minutti 2 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
5 Santamarina y Steta Abogados 1 146.50 8 -1 Exclusive Content Exclusive Content
LARGEST
TRANSACTIONS 6 Kuri Breña, Sánchez Ugarte y Aznar 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
6 Mayer Brown México 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
7 Creel Abogados 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
DEAL OF 7 Nader Hayaux & Goebel Abogados 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
THE QUARTER
7 Todd & Asociados 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
TTR RADAR In case of a draw, the adopted criteria will be the following: for a draw of the number of transactions, the total deal value prevails; for a draw of the deal value, the number of transactions prevails. When a draw of
RANKINGS All transactions and financial data are available at www.TTRecord.com.

INDEX

OVERVIEW
Eduardo Campos (APOYO Finanzas Exclusive Exclusive Exclusive
1 1
Corporativas) Content Content Content
PRIVATE Exclusive Exclusive Exclusive
EQUITY 1 Antoine Cocle (Kaya Impacto) 1
VENTURE In case of a draw, the adopted criteria will be the following: for a draw of the number of transactions, the total deal value prevails; for a draw of the deal value, the number of transactions prevails. When a draw of both deal number and
CAPITAL deal value occurs, the original position will be maintained and the deals will be arranged alphabetically.
ASSET
ACQUISITION
EQUITY CAPITAL
MARKETS
LARGEST
TRANSACTIONS
DEAL OF
THE QUARTER
TTR RADAR
RANKINGS

INDEX

OVERVIEW
1 Nadia González (Galicia Abogados) 801.00 2 8 968.00 1 Nadia González (Galicia Abogados) 2 801.00 6 0
PRIVATE Carlos de María y Campos (Galicia Arturo Pérez-Estrada (Greenberg Exclusive Exclusive Exclusive
EQUITY 2 801.00 1 8 968.00 2 2
Abogados) Traurig México) Content Content Content
Guillermo Pérez Santiago (Galicia Exclusive Exclusive Exclusive
2 801.00 1 8 968.00 3 Brian Minutti (Chávez Vargas Minutti) 2
2 Hector Kuri (Galicia Abogados) 801.00 1 8 968.00 Carlos de María y Campos (Galicia
VENTURE 4 1 801.00 6 -1
Abogados)
CAPITAL 2 Mariana Herrero (Galicia Abogados) 801.00 1 8 968.00
Guillermo Pérez Santiago (Galicia
Carlos del Río Santiso (Creel, García- 4 1 801.00 6 -1
3 62.00 1 2 -82.17 Abogados)
Cuéllar, Aiza y Enríquez)
4 Hector Kuri (Galicia Abogados) 1 801.00 6 -1
Exclusive Exclusive
ASSET 4 Exclusive Content 47.13 Exclusive Content
Content Content 4 Mariana Herrero (Galicia Abogados) 1 801.00 6 -1
ACQUISITION
Exclusive Exclusive Carlos del Río Santiso (Creel, García-
5 Exclusive Content 40.00 Exclusive Content 5 1 62.00 1 -4
Content Content Cuéllar, Aiza y Enríquez)
Exclusive Exclusive Ephraim Schmeidler (Greenberg Traurig Exclusive Exclusive Exclusive
6 Exclusive Content 6.85 Exclusive Content 6 1
EQUITY CAPITAL Content Content México) Content Content Content
MARKETS
Exclusive Exclusive Guillermo Garay Espinosa (Kuri Breña, Exclusive Exclusive Exclusive
6 Exclusive Content 6.85 Exclusive Content 7 1
Content Content Sánchez Ugarte y Aznar) Content Content Content
Raúl Fernández Briseño (Mayer Brown Exclusive Exclusive Exclusive
7 1
México) Content Content Content
LARGEST
TRANSACTIONS José Antonio Chávez (Chávez Vargas Exclusive Exclusive Exclusive
8 1
Minutti) Content Content Content
8 Manuel Galicia (Galicia Abogados) 1
DEAL OF
THE QUARTER Pablo Mijares (Mijares, Angoitia, Cortés y Exclusive Exclusive Exclusive
8 1
Fuentes) Content Content Content
Adalberto Valadez (Nader Hayaux & Exclusive Exclusive Exclusive
8 1
Goebel Abogados) Content Content Content
TTR RADAR
Javier Arreola (Nader Hayaux & Goebel Exclusive Exclusive Exclusive
8 1
8 Fernando Todd Dip (Todd & Asociados) 1
RANKINGS Content Content Content

INDEX
Financial Advisors

1 Banco BTG Pactual 490.00 1 4 79.49 Exclusive Content Exclusive Content
PRIVATE
1 McKinsey & Company 490.00 1 * * Exclusive Content Exclusive Content
EQUITY
2 Lazard 225.00 1 6 95.37 Exclusive Content Exclusive Content
VENTURE Variation nº
CAPITAL Ranking 2019 Financial Advisor Number of transactions Total value (USDm) Ranking 2018 Buy-Side Sell-Side
Of transactions
1 Summa Asesores Financieros 3 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
ASSET 2 Credicorp 2 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
ACQUISITION
3 Banco BTG Pactual 1 490.00 3 -1 Exclusive Content Exclusive Content
3 McKinsey & Company 1 490.00 * * Exclusive Content Exclusive Content
4 Lazard 1 225.00 6 0 Exclusive Content Exclusive Content
EQUITY CAPITAL
5 Goldenhill Advisors Argentina 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
MARKETS
5 SBI - Banca de Inversión 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
LARGEST
TRANSACTIONS
DEAL OF
THE QUARTER
TTR RADAR
RANKINGS

INDEX
Legal Advisors

1 Philippi, Prietocarrizosa, Ferrero DU & Uría Perú 715.00 2 9 472.00 Exclusive Content Exclusive Content
PRIVATE 2 Miranda & Amado Abogados 491.20 3 6 26.54 Exclusive Content Exclusive Content
EQUITY
3 García Sayán Abogados 225.00 1 * * Exclusive Content Exclusive Content
VENTURE
CAPITAL
Variation nº
ASSET Ranking 2019 Legal Advisor Number of transactions Total value (USDm) Ranking 2018 Buy-Side Sell-Side
Of transactions
ACQUISITION
1 Estudio Muñiz 7 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
2 Estudio Rubio Leguía Normand 5 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
3 Miranda & Amado Abogados 3 491.20 5 -1 Exclusive Content Exclusive Content
EQUITY CAPITAL 4 Philippi, Prietocarrizosa, Ferrero DU & Uría Perú 2 715.00 3 -5 Exclusive Content Exclusive Content
MARKETS
5 CMS Grau 2 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
6 Rebaza, Alcázar & De Las Casas Abogados Financieros 2 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
7 García Sayán Abogados 1 225.00 * * Exclusive Content Exclusive Content
LARGEST
TRANSACTIONS 8 Auler & Pinto Abogados 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
9 CPB Abogados 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
9 Dentons Lima 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
DEAL OF 9 DLA Piper Pizarro Botto Escobar 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
THE QUARTER
9 Estudio Echecopar 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
9 Estudio Gálvez 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
9 Garrigues Perú 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
TTR RADAR
9 Hernández & Cía Abogados 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
9 Lazo, De Romaña & CMB Abogados 1 Exclusive Content Exclusive Content Exclusive Content Exclusive Content Exclusive Content
RANKINGS

INDEX

OVERVIEW
Cristhian Escalante (BTG Carlos A. García (Summa Asesores Exclusive Exclusive Exclusive
1 490.00 1 3 79.49 1 3
Pactual Perú) Financieros) Content Content Content
PRIVATE José Blanco (BTG Pactual Eduardo Campos (APOYO Finanzas Exclusive Exclusive Exclusive
EQUITY 1 490.00 1 3 79.49 2 2
Perú) Corporativas) Content Content Content
Cristhian Escalante (BTG Pactual
3 1 490.00 3 -1
Perú)
3 José Blanco (BTG Pactual Perú) 1 490.00 3 -1
VENTURE
CAPITAL Alejandro Gómez (SBI - Banca de Exclusive Exclusive Exclusive
4 1
Inversión) Content Content Content
ASSET This ranking was generated with transactions announced in 2019 Year-to-Date. The Rankings do not include joint ventures. At least one party in the transaction must be from the country analyzed.
ACQUISITION In case of a draw, the adopted criteria will be the following: for a draw of the number of transactions, the total deal value prevails; for a draw of the deal value, the number of transactions prevails. When a draw of both deal number and
EQUITY CAPITAL
MARKETS
LARGEST
TRANSACTIONS
DEAL OF
THE QUARTER
TTR RADAR
RANKINGS
INDEX
OVERVIEW
Rafael Boisset Tizón (Philippi, Exclusive Exclusive Exclusive
1 715.00 2 12 472.00 1 Mauricio Olaya Nohra (Estudio Muñiz) 4
Prietocarrizosa, Ferrero DU & Uría Perú) Content Content Content
PRIVATE
EQUITY 2 Luis Miranda (Miranda & Amado Abogados) 490.00 1 10 79.49 Rafael Boisset Tizón (Philippi,
2 2 715.00 2 -2
Prietocarrizosa, Ferrero DU & Uría Perú)
Antonio Guarniz Izquierdo (Philippi,
2 490.00 1 12 292.00
Prietocarrizosa, Ferrero DU & Uría Perú) Exclusive Exclusive Exclusive
3 Santiago Quiroz (Estudio Muñiz) 2
Alfredo Gastañeta (García Sayán
3 225.00 1 * *
VENTURE Abogados) Exclusive Exclusive Exclusive
4 Jorge Luis Otoya (Estudio Muñiz) 2
CAPITAL Content Content Content
3 Luis Gastañeta (García Sayán Abogados) 225.00 1 * *
César Luna Victoria (Estudio Rubio Leguía Exclusive Exclusive Exclusive
Jorge Reátegui (Philippi, Prietocarrizosa, 5 2
3 225.00 1 12 80.00 Normand) Content Content Content
Ferrero DU & Uría Perú)
Daniel Gonzales (Rebaza, Alcázar & De Las Exclusive Exclusive Exclusive
ASSET Miguel Ronceros (Philippi, Prietocarrizosa, 5 2
3 225.00 1 12 80.00 Casas Abogados Financieros) Content Content Content
ACQUISITION Ferrero DU & Uría Perú)
6 Luis Miranda (Miranda & Amado Abogados) 1 490.00 9 -1
Content Content Content Antonio Guarniz Izquierdo (Philippi,
6 1 490.00 2 -3
Prietocarrizosa, Ferrero DU & Uría Perú)
EQUITY CAPITAL 5 Exclusive Content 22.00
Content Content Content Alfredo Gastañeta (García Sayán
MARKETS 7 1 225.00 * *
Abogados)
Content Content Content 7 Luis Gastañeta (García Sayán Abogados) 1 225.00 * *
Exclusive Exclusive Exclusive Jorge Reátegui (Philippi, Prietocarrizosa,
7 Exclusive Content 15.00 7 1 225.00 2 -3
LARGEST Content Content Content Ferrero DU & Uría Perú)
TRANSACTIONS
Exclusive Exclusive Exclusive Miguel Ronceros (Philippi, Prietocarrizosa,
7 Exclusive Content 15.00 7 1 225.00 2 -3
Content Content Content Ferrero DU & Uría Perú)
8 Exclusive Content 14.50 8 Ricardo de la Piedra (Estudio Muñiz) 1
DEAL OF Content Content Content Content Content Content
THE QUARTER
9 Exclusive Content 1.20 9 Augusto Astorga (CMS Grau) 1
9 Exclusive Content 1.20 9 Carlos Hamann (CMS Grau) 1
TTR RADAR
10 Guillermo Auler (Auler & Pinto Abogados) 1
Nathalie Paredes (Miranda & Amado Exclusive Exclusive Exclusive
10 1
RANKINGS Abogados) Content Content Content
deal value occurs, the original position will be maintained and the deals will be arranged alphabetically. * Not registered in 2018
INDEX
OVERVIEW
PRIVATE
EQUITY
VENTURE
CAPITAL
ASSET
ACQUISITION
EQUITY CAPITAL
For more information:
MARKETS customers@TTRecord.com
www.TTRecord.com
LARGEST
TRANSACTIONS
The contents of this report may be re-published in any format without prior authorisation
from ZUVINOVA, as long as it includes a reference to "TTR - Transactional Track Record"
(www.TTRecord.com).
DEAL OF
THE QUARTER
TTR RADAR
RANKINGS
M&A
PRIVATE
EQUITY
VENTURE
CAPITAL
EQUITY
CAPITAL
MARKETS
ACQUISITION
FINANCE
PROJECT
FINANCE
TTR is a premium business intelligence service and deals database that helps transactions professionals
and corporate business development teams identify opportunities in high-growth markets globally.
To find out more or to request a free trial to TTR’s database email us at

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LATIN AMERICA

DEAL OF THE QUARTER

OVERVIEW EQUITY CAPITAL MARKETS ***

* Includes acquisition / sales of assets. Does not include Joint Venture.

OVERVIEW (M&A, PRIVATE EQUITY, VENTURE CAPITAL AND ASSET ACQUISITIONS)

TOTAL TRANSACTION VOLUME AND AGGREGATE VALUE

YEAR TO DATE DEAL FLOW SINCE 2017

OVERVIEW Number of transactions: 446 -18.01% 60k

Total value (USDm)

20 89,020 -25% 126,938 26%

OVERVIEW (M&A, PRIVATE EQUITY, VENTURE CAPITAL AND ASSET ACQUISITIONS)

TOP DEALS - 01Q 2019 (USDm)

EQUITY CAPITAL VALUE

OVERVIEW (M&A, PRIVATE EQUITY, VENTURE CAPITAL AND ASSET ACQUISITIONS)

LAST 12 MONTHS (LTM) QUARTERLY SNAPSHOT

2Q2018 3Q2018 4Q2018 1Q2019

M&A M&A M&A M&A

Venture Capital Venture Capital Venture Capital Venture Capital

Asset Acquisition Asset Acquisition Asset Acquisition Asset Acquisition

OVERVIEW (M&A, PRIVATE EQUITY, VENTURE CAPITAL AND ASSET ACQUISITIONS)

1Q2016 1Q2017 1Q2018 1Q2019

M&A M&A M&A M&A

Venture Capital Venture Capital Venture Capital Venture Capital

Asset Acquisition Asset Acquisition Asset Acquisition Asset Acquisition

OVERVIEW (M&A, PRIVATE EQUITY, VENTURE CAPITAL AND ASSET ACQUISITIONS)

90 [220] (103) 710 [1,191] (544)

85 [246] (125) 15 48 [176] (57)

110 [313] (150) 58 [152] (75)

118 [303] (152) 59 [153] (66)

OVERVIEW (M&A, PRIVATE EQUITY, VENTURE CAPITAL AND ASSET ACQUISITIONS)

TOTAL TRANSACTION VOLUME AND AGGREGATE VALUE

YEAR TO DATE DEAL FLOW SINCE 2017

OVERVIEW Number of transactions: 34 -42.37% 5k

Total value (USDm)

LARGEST Last Four Years (Jan-Dec) Last Four Years (Jan-Dec)

6,194 -38% 17,571 524%

OVERVIEW (M&A, PRIVATE EQUITY, VENTURE CAPITAL AND ASSET ACQUISITIONS)

TOTAL TRANSACTION VOLUME AND AGGREGATE VALUE

YEAR TO DATE DEAL FLOW SINCE 2017

OVERVIEW Number of transactions: 233 -20.48% 20k 15,998.52

Total value (USDm)

145 Last Four Years (Jan-Dec) Last Four Years (Jan-Dec)

OVERVIEW (M&A, PRIVATE EQUITY, VENTURE CAPITAL AND ASSET ACQUISITIONS)

TOTAL TRANSACTION VOLUME AND AGGREGATE VALUE

YEAR TO DATE DEAL FLOW SINCE 2017

OVERVIEW Number of transactions: 57 42.50% 10k

Total value (USDm)

LARGEST 36 Last Four Years (Jan-Dec) Last Four Years (Jan-Dec)

9,737 -49% 13,283 11%

OVERVIEW (M&A, PRIVATE EQUITY, VENTURE CAPITAL AND ASSET ACQUISITIONS)

TOTAL TRANSACTION VOLUME AND AGGREGATE VALUE

YEAR TO DATE DEAL FLOW SINCE 2017

OVERVIEW Number of transactions: 55 14.58% 4k

Total value (USDm)

LARGEST Last Four Years (Jan-Dec) Last Four Years (Jan-Dec)

OVERVIEW (M&A, PRIVATE EQUITY, VENTURE CAPITAL AND ASSET ACQUISITIONS)

TOTAL TRANSACTION VOLUME AND AGGREGATE VALUE

YEAR TO DATE DEAL FLOW SINCE 2017

OVERVIEW Number of transactions: 61 -37.76% 20k

Total value (USDm)

LARGEST Last Four Years (Jan-Dec) Last Four Years (Jan-Dec)

14,462 -49% 30,682 -17%

OVERVIEW (M&A, PRIVATE EQUITY, VENTURE CAPITAL AND ASSET ACQUISITIONS)