Cross-Border M&A Advisory

The bridge between international buyers and Paraguayan companies.

We source, vet, and prepare Paraguayan acquisition targets for international buyers with defined criteria — with on-the-ground diligence and local legal execution built in.

Start a conversation How we work

The Firm

We have already seen these companies from the inside.

Achpill Consulting Group is not a new name. For over nine years we structured financing, credit lines, and financial solutions for Paraguayan companies and business owners. That work put us inside the real numbers of the local SME market — ownership structures, informal financials, hidden liabilities — and built lasting relationships with the owners themselves.

Today we focus that knowledge on cross-border M&A: connecting international buyers with Paraguayan companies worth acquiring, and doing the unglamorous work of verifying that what looks good on paper holds up in reality.

Why Paraguay

An investment-grade economy the market still overlooks.

Paraguay now carries two investment-grade ratings and one of the most stable macro profiles in Latin America — yet its lower-middle market remains largely uncontested by international acquirers. That gap is the opportunity.

2×

Investment-grade ratings — Moody's (Baa3) and S&P (BBB−), both stable outlook.

~4%

Projected real GDP growth for 2026, above most of the region.

10%

Flat corporate tax and VAT, under a territorial system — among the lowest in the hemisphere.

$1.18B

Record foreign direct investment in 2025 — the highest on record.

Sources: Moody's, S&P Global Ratings, ECLAC (2025–2026). Figures are macro indicators, not a forecast of any individual transaction.

Our Approach

Buy-side led, from mandate to close.

We start with a buyer's defined acquisition criteria and work outward — not the other way around. Every step is designed to reduce the two things that stop cross-border deals in Paraguay: access and execution risk.

01

Define the mandate

We translate the buyer's investment thesis into concrete, screenable criteria for the Paraguayan market.
02

Source the full universe

In a well-defined niche, the addressable universe is 40–80 companies. We can — and do — reach every one by hand.
03

Vet on the ground

We surface ownership, informal financials, and labor or tax exposure before the buyer commits time or money.
04

Prepare & close locally

Through an allied Paraguayan law firm, due diligence, contracts, and closing are executed on the ground — not outsourced or improvised.

The Advantage

Three things a foreign firm cannot replicate here.

Coverage

Total niche coverage

Where firms abroad buy databases of hundreds of thousands of names, our market is small enough to contact completely and personally. No prospect is missed.

Diligence

Legal execution built in

An allied Paraguayan law firm handles due diligence, contracts, and closing — the local execution layer most cross-border advisors lack.

Trust

Relationships, not cold lists

Nine years of financing work means we approach owners as a known quantity — not as a stranger cold-calling from abroad.

The Target

Your mandate defines the target — not a pre-set list.

Paraguay's market spans a wide range of sizes and sectors. Rather than push whatever happens to be for sale, we build the search around your investment thesis and screen the relevant universe to fit it.

By sector

Sector-flexible

Manufacturing, agro-industry, distribution, B2B services, and more — we go where your thesis points, not where a fixed inventory sits.

By size

Size-agnostic

From owner-operated companies to established mid-market businesses — we calibrate the search to the deal size you are targeting.

By situation

Situation-driven

Succession without a clear heir, owners ready to exit, or growth-stage companies seeking a partner — we identify the right moment, not just the right company.

Leadership

Two decades at the intersection of finance and cross-border deals.

Achpill is led by a principal who has spent more than twenty years inside corporate and private banking, acquisition financing, and international business development.

Mario Hugo Achucarro

Founder & Principal

Banking

A decade in corporate and private banking at top-tier institutions including Itaú, Banco Regional, and Banco GNB — lending, corporate accounts, and SME relationships.
Deal finance

Specialist in acquisition-financing structures — architecting the capital that turns complex, multi-party transactions into funded deals.
International

Professional experience across Switzerland and the United Kingdom, negotiating across LATAM, Europe, and North America in four languages.
Achpill

Nearly 10 years founding and running Achpill Consulting Group, inside the real numbers of Paraguayan SMEs — ownership, informal financials, and hidden liabilities.
Languages

Spanish and English (C2), plus working German, Italian, and Portuguese — the practical range to run a deal on both sides of the border.

How We Engage

A dedicated mandate, aligned to your close.

We work on a retainer-based buy-side mandate — not a passive listing. You get dedicated sourcing and vetting capacity, and our upside is tied to yours.

Monthly retainer

Dedicated buy-side mandate

A fixed monthly engagement funds full-niche sourcing, owner outreach, and on-the-ground vetting for your specific criteria. A defined share of the retainer is credited back against the success fee at close.

Success fee

We win when you close

Beyond the monthly retainer, the majority of our compensation is earned only on a completed acquisition, on a standard transaction-fee structure. Our incentive is a closed deal you are confident in — not activity for its own sake.

Contact

Let's talk about your acquisition mandate.

Whether you are a buyer looking for Paraguayan targets or an owner considering a sale, start here. We reply personally.

✉

info@achpill.com

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+595 985 494222

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Response

Within one business day

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Based in

Paraguay · Serving buyers across the U.S., Europe & beyond