Leading global law firm Baker McKenzie announced today that it represented Grupo Traxión, S.A.B. de C.V. (Traxión) and selling shareholders in an approximate $300 million equity offering of common stock. Traxión is the largest road transportation and logistics services company in Mexico and is partly owned by Discovery Americas and by Nexxus Capital, which are both among Mexico's most experienced private equity investors.
The equity offering was made internationally pursuant to Rule 144A and Regulation S and the shares are listed on the Mexican Stock Exchange. The proceeds received by Traxión will be used for opportunities associated with the growth of nearshoring and other corporate purposes.
Transactional Practice Group partners Mike Fitzgerald, Arturo Carrillo and Pedro Reyes led the Baker McKenzie team, which also included associates Alejandra Cuadra and Nicole Gresati-Fernandez.
Other law firms participating on this transaction included Cleary Gottlieb (as underwriters' New York counsel), Robles Miaja (as issuer's Mexican counsel) and Ritch Mueller (as underwriters' Mexican counsel).
The lead underwriters in the international offering were J.P. Morgan, BofA Securities and BTG Pactual.
This transaction represents what is believed to be only the second international equity offering by a Mexican company in approximately the last five years.
Baker McKenzie lawyers also represented Traxión in its international IPO in 2017.
The equity offering was made internationally pursuant to Rule 144A and Regulation S and the shares are listed on the Mexican Stock Exchange. The proceeds received by Traxión will be used for opportunities associated with the growth of nearshoring and other corporate purposes.
Transactional Practice Group partners Mike Fitzgerald, Arturo Carrillo and Pedro Reyes led the Baker McKenzie team, which also included associates Alejandra Cuadra and Nicole Gresati-Fernandez.
Other law firms participating on this transaction included Cleary Gottlieb (as underwriters' New York counsel), Robles Miaja (as issuer's Mexican counsel) and Ritch Mueller (as underwriters' Mexican counsel).
The lead underwriters in the international offering were J.P. Morgan, BofA Securities and BTG Pactual.
This transaction represents what is believed to be only the second international equity offering by a Mexican company in approximately the last five years.
Baker McKenzie lawyers also represented Traxión in its international IPO in 2017.
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