22 Mar Clairfield Mexico wins M&A award
Clairfield Mexico was named winner of the Corporate and Strategic Acquisition of the Year at the 8th Annual International M&A Awards sponsored by The M&A Advisor.
Clairfield won the award for its advisory role in First Cash’s acquisition of Maxi Prenda, the operator of 211 full-service pawn stores in Mexico, Guatemala, and El Salvador. First Cash Financial Services, Inc.(NASDAQ: FCFS) is the global leader in the retail pawn industry. This acquisition is First Cash’s largest and most significant acquisition in Latin America to date. With this transaction, First Cash increases its number of LatAm stores by more than 30%, gains presence in the three Mexican states where it did not previously have operations, and expands its business into two new countries. Clairfield advised First Cash.
The advisory team for First Cash was led by Luis Coria, managing director at Clairfield Mexico (PC Capital). “This transaction was especially complex because it involved companies in four different countries. The deal team worked under a lot of pressure to structure and close the transaction. In spite of the challenges, we were able to execute the transaction in record time: just two months,” said Luis.
David Fergusson, co-CEO and president of The M&A Advisor said, “PC Capital represents the best of the crossborder M&A industry in 2015 and earned these honors by standing out in a group of very impressive candidates.”