Leadership position in capital markets

Continuing with its undisputed leadership position in capital markets transactions in Mexico, and following on its long history of first-of-their-kind mandates, including those reported last fall (October 19, 2016), Creel, García-Cuéllar, Aiza y Enríquez continues to advise on the most innovative and transformative transactions in Mexican history.

Continuing with its undisputed leadership position in capital markets transactions in Mexico, and following on its long history of first-of-their-kind mandates, including those reported last fall (October 19, 2016), Creel, García-Cuéllar, Aiza y Enríquez continues to advise on the most innovative and transformative transactions in Mexican history.

During the last six months, Creel advised on 13 equity capital markets transactions which raised more than US$3.5 billion, including the first-ever Latin American Special Purpose Acquisition Company (SPAC), the first and second-ever equity shelf registrations and related follow-on offerings, the first-ever rights offering by a FIBRA E and yet another Fibra IPO.

  • Advised Vista Oil & Gas, a company incorporated by energy-focused private equity firm Riverstone and a management team led by the former CEO of Argentina’s YPF, on Latin America’s first-ever Initial Public Offering (IPO) of a special purpose acquisition company (or SPAC), introducing a new asset class in Latin American capital markets. The IPO was also the first-ever public offering of units comprised of shares and warrants in Mexican history, which raised US$650 million from Mexican and international investors.
  • Advised real estate investment trust Terrafina (MX: TERRA13) on the authorization of the first-ever equity shelf registration program, and the first-ever follow-on public offering under such program by a Mexican issuer, which raised US$290 million from Mexican and international investors.
  • After advising Mexican transport infrastructure operator Promotora y Operadora de Infraestructura (Pinfra) on the IPO of FIBRAVIA, Mexico’s first-ever energy and infrastructure investment trust (known as FIBRA E, the Mexican equivalent of a Master Limited Partnership), we advised FIBRAVIA on the first-ever rights offering by a Fibra E, which raised $4.1 billion pesos.
  • Advised Mexican industrial and real estate company Grupo Bafar (BAFARB.MX) on the initial public offering of Fibra Nova, a Mexican real estate investment trust, which raised $1.22 billion pesos.
  • Advised Credit Suisse on the first-ever publicly listed commercial real estate lending platform, which raised $5.76 billion pesos. The platform was listed as a CKD and is expected to transition into the first-ever Mexican Commercial Mortgage Real Estate Investment Trust within three years.
  • Advised Acciones y Valores Banamex, BBVA Bancomer, and Actinver as lead underwriters on the second-of-its-kind equity shelf registration program of FIBRA Monterrey, and the second-ever equity follow-on public offering under such program for an amount of approximately US$90 million.
  • Advised Credit Suisse, Banorte Ixe and BBVA Bancomer as lead underwriters on a private placement and subsequent follow-on public offering in Mexico and 4(a)(2) international placement of shares by RLH Properties, for a total amount of approximately US$318 million, the proceeds of which were used to fund the acquisition of three luxury hotels in the Riviera Maya.
  • Advised Santander, as underwriter on the tender offer by Magenta Infraestructura, S.L., an investment vehicle owned by OHL Concesiones and IFM Global Infrastructure Fund, which settled for approximately $13.1 billion pesos and resulted in the direct and indirect ownership by Magenta Infraestructura and its affiliates of approximately 85.85% of the capital stock of OHL Mexico.
  • Advised real estate asset manager PGIM Real Estate on its second public offering of CKDs for $4.4 billion pesos, energy-focused asset manager Administradora Thermion on its first public offering of CKDs for $3.3 billion pesos, real estate asset manager Grupo Capital on its first public offering of CKDs for $2.1 billion pesos, and real estate asset manager Grupo IGS on its third public offering of CKDs for $2.7 billion pesos, as well as Actinver and Interacciones as underwriters on Alignmex Residential’s first public offering of CKDs for $2 billion pesos.

We are privileged to be regularly entrusted by our clients with their most demanding and challenging endeavours, and reaffirm our commitment to excellence and to continuous innovation.

Mexico City, August 22, 2017