Bank of America’s full-service platform and pan-regional coverage has made it Latin America’s best investment bank, excelling across M&A, equity capital markets (ECM), and debt capital markets (DCM).
Bank of America’s regional footprint spans Argentina, Brazil, Colombia, Chile, Mexico and Peru – covering over 83% of Latin America’s GDP. In 2024 alone, the bank executed 33 M&A transactions in nine countries, 12 ECM deals, and 44 DCM transactions, underscoring its cross-product and strategic agility.
In M&A, Bank of America led some of the most transformational deals in the region. Notable transactions include advising Grupo Sura on its $2.9 billion cross-holding unwind with Grupo Argos and supporting PRIO in its $1.9 billion acquisition of a 40% stake in the Peregrino Field. The firm also advised Experian on its $379 million acquisition of ClearSale.
In ECM, Bank of America led significant deals such as the $2.7 billion IPO of BBB Foods – the first Latin American IPO since Nubank in 2021 – and the $2.665 billion follow-on offering for Sabesp, marking the largest sanitation equity offering globally. Its execution of block trades for Rede D’Or and Nu further demonstrated its ability in delivering liquidity and strategic exits for major stakeholders.
Beyond deal execution, Bank of America’s success was rooted in its client-centric approach, regional expertise and commitment to excellence
In DCM, Bank of America acted as sole bookrunner for El Salvador’s $2 billion dual issuance, including a pioneering macro variable interest-only structure. It also led Peru’s $3 billion SEC-registered dual-tranche offering and reopened secured amortising notes for Municipalidad de Lima. These transactions not only reflect Bank of America’s technical sophistication but also its deep relationships with sovereign and supranational issuers.
Beyond deal execution, Bank of America’s success was rooted in its client-centric approach, regional expertise and commitment to excellence. The firm’s in-house teams combined product, sector and geographic knowledge to deliver bespoke advice and seamless execution. Whether advising multinationals, governments or local economic groups, Bank of America consistently provides strategic insight and market-shaping solutions.
“We work with clients on a holistic, relationship basis that often spans a number of years. This approach and partnership over time builds trust and confidence that is at the very core of how we run our investment bank,” says president of Bank of America Latin America, and head of Latin America global corporate & investment banking Augusto Urmeneta.
