Category: Mergers and Acquisitions,Project Finance,Securities and Capital Markets,Tax
written by Nader, Hayaux & Goebel | julio 12, 2024
NHG advised FIBRAeMX on the acquisition of a relevant stake in Grupo Autopistas Nacionales, S.A. (GANA), a Mexican concessionaire of the Amozoc – Perote toll road, from Aleatica and Invex. The acquisition is subject to certain conditions, including the approval of the Federal Antitrust Agency (COFECE) and the Ministry of Infrastructure, Communications and Transportation (SICT). FIBRAeMX will acquire a 29% stake in GANA, 18.2% of such participation from Aleatica and 10.8% from Invex. The Amozoc – Perote toll road, crossing the Mexican states of Puebla, Tlaxcala and Veracruz, provides the shortest and safest route from Mexico City to Xalapa, connecting the central region of the country with the Port of Veracruz.
written by Nader, Hayaux & Goebel | julio 12, 2024
NHG advised Elektra in the third issuance and public offering of short term debt certificates (certificados bursátiles de corto plazo) with ticker symbol “ELEKTRA 00124”, for a total amount of MXN$1,500 million under its 2023 debt programme, with an interest rate for the first interest payment period of 12.70% and maturity date on February 11, 2025.
written by Nader, Hayaux & Goebel | julio 12, 2024
NHG advised Elektra in the first and second issuance and public offering of long-term debt certificates (certificados bursátiles de largo plazo) issued as Sustainility Linked Bonds (“SLB”) with ticker symbol “ELEKTRA 23L” and “ELEKTRA 23-2L”, respectively, for a total amount of aprox. USD$143,500,000 under its 2023 debt programme.
written by Nader, Hayaux & Goebel | julio 12, 2024
NHG advised Fibra Storage on the structuring and execution of the preferred acquisition right among its existing noteholders of up to 44.4 million real estate certificates (certificados bursátiles fiduciarios inmobiliarios) with ticker symbol “STORAGE 18”, raising MXN$684 million.
The exercise of the preferred acquisition right consisted of two consecutive stages directed exclusively to the current holders of the real estate certificates, only the holders that fully exercised their preferential acquisition right in the first round were entitled to participate in the second round, with this mechanism minority holders were in a position to increase their holding of certificates.
written by Nader, Hayaux & Goebel | julio 12, 2024
NHG advised Fibra Danhos in the issuance and public offering of long term debt certificates (certificados bursátiles fiduciarios de largo plazo) issued as Sustainility Linked Bonds with ticker symbol “DANHOS 23L”, for a total amount of MXN$2,500,000,000.00 (aprox. USD$ 147 million).
This is the first issuance under its current debt programme and was made in the Mexican Stock Exchange (BMV). The issuance was carried out in record time and very well received by institutional investors.
Consequently, Fibra Danhos has become one of the first Mexican issuers to issue an SLB.
The issuance was rated by HR Ratings and Fitch.
written by Nader, Hayaux & Goebel | julio 12, 2024
NHG advised Sequoia Capital, a leader venture capital firm based in California with more than 50 years of experience, that invests in multiple sectors including the financial sector, in securing the regulatory approval from the National Banking and Securities Commission and in the regulatory filing process thereof, to acquire shares in the capital stock of the asset manager Fintual Distribuidora, Sociedad Distribuidora Integral de Acciones de Fondos de Inversión.
Sequoia’s equity acquisition in Fintual is one of the first investments made by Sequoia in Latin America.
written by Nader, Hayaux & Goebel | julio 12, 2024
NHG advised Grupo Murano, a leading Mexican hospitality developer, in connection with the execution of a Business Combination Agreement with HCM Acquisition Corp (NASDAQ: HCMA), a SPAC incorporated in the Cayman Islands. The transaction, values Murano at a pro forma enterprise value of approximately USD$810 million.
written by Nader, Hayaux & Goebel | julio 12, 2024
NHG advised Arago Gestión in the structuring, registration and listing of a CERPI in the Mexican Stock Exchange in the amount of US$300 million. The CERPI has demanded to invest in all types of funds and projects managed by different investment advisors.
written by Nader, Hayaux & Goebel | julio 12, 2024
NHG advised Grupo Elektra, on eleven issuances and public offerings during 2022 for an aggregate amount of MXN$19.5 billion: nine issuances of long-term debt certificates (certificados bursátiles de largo plazo) for an aggregate amount of MXN$15.5 billion and two issuances of short-term debt certificates (certificados bursátiles de corto plazo) for an aggregate amount of MXN$4 billion, under its 2018 and 2020 debt programs in the Mexican Institutional Stock Exchange (BIVA).
written by Nader, Hayaux & Goebel | julio 12, 2024
NHG advised Total Play, a leading provider of triple play services in Mexico, on the issuance and public offering of long term debt certificates, for a total amount of aprox. USD$79.6 million under its current debt programme.