transactions


We represented Citibanamex Casa de Bolsa and Casa de Bolsa BBVA México, in connection with the voluntary tender offer for an aggregate amount of MXN$7,071 million with respect to all of the outstanding Series "B" Class I ordinary shares, nominative and without par value, corresponding to approximately 27% of Industrias Bachoco's outstanding capital stock.

CLIENT:

Citibanamex Casa de Bolsa
Casa de Bolsa BBVA México

PRACTICE AREA:

Capital Markets

CLOSING DATE:

November 2022

VALUE:

MXN$7,071 million

OTHER FIRMS:

Shearman & Sterling LLP - U.S. Legal Counsel of Edificio del Noroeste, S.A. de C.V., as offeror Simpson Thacher & Bartlett, LLP, - U.S. Legal Assessor of Citibank, N.A., as tender agent; Robles Miaja Abogados, S.C. - Mexican Legal Counsel of Edificio del Noroeste, S.A. de C.V., as offeror


We represented MUFG Bank, Mizuho Bank, Sumitomo Mitsui Banking Corporation, Japan Bank for International Corporation, and MUFG Union Bank, as existing lenders, in connection with the prepayment of the existing facility for the borrower to allow the sale of its five operating electricity generation assets with a total capacity of 2.2GW: (i) Anáhuac (Río Bravo II) of 495MW; (ii) Lomas del Real (Río Bravo III) of 495MW; (iii) Valle Hermoso (Río Bravo IV) of 500MW; (iv) Electricidad Águila Altamira (Altamira II) of 495MW; and (v) Saltillo of 248MW, and an adjacent natural gas pipeline owned by a consortium including Mitsui, Tokyo Gas, JERA and Tohoku Electric Power, by Actis GP, representing USD$6,000 million of investable capital.

CLIENT:

MUFG Bank
Mizuho Bank
Sumitomo Mitsui
Japan Bank
MUFG Union Bank

PRACTICE AREA:

Energy and Infrastructure Projects

CLOSING DATE:

November 2022

VALUE:

USD$6,000 million

OTHER FIRMS:

Mijares, Angoitia, Cortés y Fuentes, S.C. - Mexican Counsel to buyer Clifford Chance - US Counsel to buyer González Calvillo - Mexican Counsel to new lenders Milbank - US Counsel to new lenders Creel, García-Cuellar, Aíza y Enríquez, S.C. - Mexican Counsel to seller Allen & Overy - US Counsel to existing lenders. Clark Hill - US Counsel to the administrative agent and to collateral agent


We represented Beat, in the sale of its Mexican assets to VEMO and the sale of the shares of its capital in Colombia and Chile. Documents for such jurisdictions are governed by the laws of Mexico.

CLIENT:

Beat

PRACTICE AREA:

Mergers and Acquisitions

CLOSING DATE:

November 2022

VALUE:

ND

PROFESSIONALS:

Eric Silberstein Lerner

OTHER FIRMS:

Clifford Chance international counsel to Beat


We represented Discovery Americas, in the acquisition of Servimsa, a logistics, warehouse management and industrial services company. 

CLIENT:

Discovery Americas

PRACTICE AREA:

Mergers and Acquisitions

CLOSING DATE:

November 2022

VALUE:

ND

OTHER FIRMS:

Chevez Ruiz Zamarripa y Cía, S.C., advised the Sellers in both corporate and tax matters. DM Tax (Domínguez Marín y Cía, S.C.), advised the Buyers in tax matters.


We represented RōBEX, in the acquisition of +Vantage Corporation, a Michigan-based industrial robotics manufacturer and integrator, with presence in Mexico.


CLIENT:

Angeles Equity Partners

PRACTICE AREA:

Mergers and Acquisitions

CLOSING DATE:

October 2022

VALUE:

ND

PROFESSIONALS:

Rodrigo Vázquez Sainz

OTHER FIRMS:

Simpson Thacher & Bartlett LLP, counsel to Purchasers.


We represented the Central American Bank for Economic Integration, in connection with the issuance of MXN$3,000 million Medium-Term Floating Rate Notes issued under foreign legislation, pursuant to an authorized program for an aggregate amount of up to USD$8,000 million.

CLIENT:

Banco Centroamericano de Integración Económica (CABEI)

PRACTICE AREA:

Capital Markets

CLOSING DATE:

October 2022

VALUE:

MXN$3,000 million

OTHER FIRMS:

Shearman & Sterling- advised CABEI as to NY Law Matters


We represented Gruma, in the establishment of a dual program of short-term and long-term revolving debt bonds (certificados bursátiles) for a total amount of up to MXN$10,000 million and the first issuance under such program for an amount of MXN$4,500 million maturing on October 7, 2027, with Banorte, BBVA and Scotiabank acting as underwriters. 

CLIENT:

Gruma

PRACTICE AREA:

Capital Markets

CLOSING DATE:

October 2022

VALUE:

MXN$14,500 million


We represented Citigroup Global Markets and other financial institutions, as agents, in connection with the issuance of additional CBFIs by FIBRA Prologis, pursuant to a preferential rights private offering, for a total amount of MXN$7,955 million.

CLIENT:

Citigroup Global Markets

PRACTICE AREA:

Capital Markets

CLOSING DATE:

October 2022

VALUE:

MXN$7,955 million

OTHER FIRMS:

Creel, García-Cuéllar, Aíza y Enríquez, S.C. - mexican counsel to the issuer Simpson Thacher & Bartlett LLP - NY counsel to the issuer Shearman & Sterling LLP - NY counsel to Citigroup


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