Fibra Subsequent Points Roughly USD 450 Million of Actual Property Belief Certificates in Preliminary Public Providing | Newsroom

Main world regulation agency Baker McKenzie introduced right this moment that the New York workplace represented BofA Securities, BBVA, BTG Pactual and Goldman Sachs, as World Coordinators, and Citigroup, J.P. Morgan, Morgan Stanley and Scotiabank, as joint bookrunners, in reference to an roughly USD 450 million preliminary public providing by Fibra Subsequent. The providing of Actual Property Belief Certificates, also referred to as CBFIs (Certificados Bursátiles Fiduciarios Inmobiliarios), was provided publicly in Mexico on the Mexican Inventory Trade and was made internationally pursuant to Rule 144A and Regulation S. 

The transaction represents the biggest IPO in Mexico in virtually a decade and one of many largest IPOs in Latin America in recent times.

Fibra Subsequent was created because of a cut up off by Fibra Uno, the biggest actual property firm in Latin America, of its logistics operations, forming the biggest warehouse and logistics firm in Mexico. The proceeds acquired by Fibra Subsequent might be used primarily for the acquisition of properties and/or land to be included in its portfolio, in addition to for the event of properties.
 
Transactional Follow Group companions Mike Fitzgerald, Arturo Carrillo, Pleasure Gallup and Steven Sandretto led the Baker McKenzie group, which additionally included associates Alejandra Cuadra and Diego Aznar and Tax companions Thomas Could and Kia Waxman.
 
Different regulation corporations taking part on this transaction included Holland & Knight (as Fibra Subsequent’s U.S. and Mexican counsel) and Mijares (as preliminary purchasers’ Mexican counsel).