Acquisitions in Goiás, Brazil

Fagron has completed the acquisition of Purifarma in Brazil following CADE approval, strengthening Fagron's scale in Essentials and advancing its buy-and-build strategy. Purifarma is a large-scale distributor/importer of pharmaceutical, food and cosmetic inputs; the transaction carries an enterprise value of approximately R$250 million and is expected to deliver product-mix improvements, access to industrial customers and purchasing synergies across Latin America.

Fagron has completed the acquisition of Purifarma, a large-scale pharmaceutical essentials business in Brazil, for an enterprise value of approximately R$250 million. The deal strengthens Fagron's scale and procurement position in Latin America and supports the Group's buy-and-build strategy to expand its pharmaceutical compounding and essentials platform.

Volaris Group has acquired Maxima Tech, a Brazil-based provider of sales automation software for the wholesale and distribution sector. Maxima Tech will operate as an independent business unit within Volaris' Latam & Iberia portfolio as Volaris looks to expand its vertical-market software capabilities in Latin America.

The Energy & Minerals Group (EMG) and Vision Blue Resources (VBR) have invested US$150 million into Serra Verde Pesquisa e Mineração Ltda., a Denham Capital portfolio company developing an integrated rare earth element (REE) mining and processing operation in Minaçu, Goiás, Brazil. The capital funds completion of Phase I construction and commissioning, de-risks the project to production and cash flow, and supports further optimization and potential Phase II expansion to supply REEs used in permanent magnets for EVs and wind turbines.