MEXICO Trends and Developments Contributed by: Gabriel Robles, Héctor Cárdenas, Eric Silberstein and Eduardo Aiza, Ritch Mueller
Ritch Mueller Av. Pedregal 24 10th floor Molino del Rey 11040 Mexico City Mexico Tel: +52 55 9178 7000 Email: contacto@ritch.com.mx Web: www.ritch.com.mx
Private Equity in Mexico: Trends and Developments in 2025
Over the last year, even in the context of geopolitical shifts and supply chain disruptions caused by events including revisions to trade accords and changes in tariff policies, nearshoring strategies have continued to rise. Foreign investors, especially from the United States, Europe, and Asia, have actively sought to relo - cate production in Mexico to reduce manufacturing and logistics costs and ensure more reliable access to North American markets. The United States–Mexico–Canada Agreement (USM - CA) remains a central consideration for investors structuring supply chains. Private equity funds and multinational corporations see Mexico as a strategic gateway, allowing them to leverage Mexico’s com - parative advantages while benefiting from preferen - tial treatment under the agreement. Automotive parts, electronics assembly, and industrial manufacturing remain particularly active sectors for private equity transactions. As companies reposition and expand production lines to meet the USMCA rules of origin requirements, they frequently turn to private equity financing to support acquisitions, joint ventures, and enhanced operational capacity. Additionally, nearshoring has resulted in a wave of cross-border deal activity, reflected in partnerships with local manufacturers and logistics providers. A significant portion of these deals is financed by global funds that see an opportunity to boost portfo - lio returns by investing in companies poised to ben - efit from the continued growth of trade within North America. By securing local manufacturing (particularly through shelter companies) and supply chain capabili - ties, private equity can mitigate external risks linked to
Over the past 12 months, Mexico’s private equity sector has undergone a series of important changes. Market participants have navigated a shifting land - scape marked by heightened international investor interest in nearshoring opportunities, evolving legal frameworks in competition and judicial matters, and ongoing structural reforms in key industries such as energy and infrastructure. In 2025, the private equity market continues to mature while facing challenges. Fund managers and portfolio companies must be mindful of new regulatory obligations and enforce - ment priorities, including those introduced by recent reforms to the antitrust regulation while considering the constitutional reform to the judiciary branch. The following provides an overview of the most rel - evant trends and regulatory developments in Mexico’s private equity market. It briefly reviews the current macroeconomic environment, highlights core driv - ers shaping investment decisions, and analyses the legal reforms that directly influence fundraising, deal structuring, and exit strategies. Whether exploring first-time entries into the Mexican market or managing existing portfolios, private equity players will benefit from understanding the confluence of these changes as they plan their transactions in the year ahead and beyond. The macroeconomic landscape and nearshoring dynamics Mexico’s proximity to the United States, as well as its extensive network of free trade agreements, continue to make it an attractive destination for global capital.
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