“From the very beginning of the planning process before our merger with Coca-Cola FEMSA, Seale listened and provided straightforward answers to each and every one of our family member’s questions and concerns and outlined the full range of options. Their professionals provided invaluable guidance and support as they helped us to navigate the merger negotiations. We knew we could count on their trusted advice to make certain we made the best decisions for our company, our employees, and our family.”
Federico Ruiz Rubio, former Board member and shareholder, Grupo Fomento Queretano
Seale & Associates was retained by the family owners of Grupo Fomento Queretano, one of the oldest family-owned Coca-Cola bottlers in Mexico, to analyze strategic alternatives for their business in the context of a changing industry landscape.
SEALE & ASSOCIATES' APPROACH
Seale professionals presented the family with a range of strategic alternatives and outcome scenarios for a sale or merger with three industry consolidators, and analyzed in the context of shareholder value, timing, and control objectives. After the family decided that a merger with Coca-Cola FEMSA was the preferred alternative, Seale ran a disciplined and expedited preferred buyer process to achieve shareholder’s value, timing and control objectives.
Seale’s approach resulted in shareholder consensus on the preferred alternative and a successful merger with Coca-Cola FEMSA. As a result of the merger, Grupo Fomento Queretano’s shareholders received 45.1 million newly issued KOF series L shares for a total aggregate enterprise transaction value of approximately Ps. 7.6 billion (US$580 million), including the assumption of debt.