NHG advised BlackRock in structuring the acquisition of Citibanamex’s asset management business in Mexico

NHG advised BlackRock in structuring the acquisition of Citibanamex’s asset management business in Mexico. As part of the transaction, the parties will enter into a distribution agreement that will allow BlackRock to offer asset management products across Mexico through Citibanamex’s network.

BlackRock’s purchase doubles its AUM in Mexico from USD$31 billion to USD$62 billion.  The deal includes a distribution agreement, which allows BlackRock to offer asset management products through Citibanamex’s network and to more than 20 million clients across Mexico.