HERMOSILLO, MEXICO – Seale & Associates, Inc. (“Seale”) announced that it acted as exclusive financial advisor to the shareholders of Café del Pacífico, S.A.P.I. de C.V. (“Caffenio”), on the sale of a minority equity investment and negotiation of a long term supply agreement with FEMSA Comercio (“OXXO”), a division of Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA”). The transaction was approved by COFECO, the Mexican antitrust regulatory agency on September 6 and closed on October 1, 2012. The terms of the agreement were not disclosed.
Founded in 1941, Caffenio is a leading Mexican roaster and producer of coffee and coffee related products based in Hermosillo, Sonora. The business distributes its products to convenience stores, supermarkets, restaurants, and hotels, as well as through its company-owned stores “Tiendas Caffenio”.
OXXO is the largest and fastest growing convenience store chain in Latin America with more than US$5 billion in annual revenue and over 10,000 stores in Mexico and Colombia. OXXO is a key player in the ready to drink coffee category in Mexico with its well-known Andatti branded coffee. OXXO is a subsidiary of FEMSA (BMV: FEMSA), a leading Mexican company that also participates in the beverage industry through Coca-Cola FEMSA, the largest bottler of Coca-Cola products in the world, and in the beer industry, through its ownership of the second largest equity stake in Heineken. FEMSA had consolidated revenue of US$14.5 billion in 2011.
Seale & Associates, Inc., headquartered in Arlington, Virginia, is a global investment banking firm with extensive experience in mergers and acquisitions, corporate finance advisory, and enterprise level strategy consulting. Our professionals are trusted advisors maintaining a high level of quality and integrity while presenting innovative ideas and solutions to address our clients’ most complex dealings. Seale Capital, Inc., an affiliate of Seale & Associates, Inc., is a registered broker dealer and member of FINRA and SIPC. All securities related transactions are cleared through Seale Capital. For more information please visit www.sealeassociates.com.