{"id":9065,"date":"2018-06-08T09:11:42","date_gmt":"2018-06-08T15:11:42","guid":{"rendered":"https:\/\/www.creel.mx\/?post_type=cltvo_noticias&#038;p=4186"},"modified":"2026-04-10T09:45:53","modified_gmt":"2026-04-10T15:45:53","slug":"creel-remains-at-the-forefront-of-capital-markets-transactions","status":"publish","type":"cltvo_publicaciones","link":"https:\/\/www.creel.mx\/en\/publications\/creel-remains-at-the-forefront-of-capital-markets-transactions\/","title":{"rendered":"Creel, Garc\u00eda-Cu\u00e9llar, Aiza y Enr\u00edquez remains at the forefront of capital markets transactions"},"content":{"rendered":"<p>In the \ufb01rst quarter of 2018, Creel, Garc\u00eda-Cu\u00e9llar, Aiza y Enr\u00edquez advised on the \ufb01rst-ever initial business combination (de-SPAC) by a Special Purpose Acquisition Company (SPAC) and on 5 groundbreaking capital markets transactions, including the second-ever FIBRA E and the \ufb01rst sponsored by a state-controlled company, the second-ever Special Purpose Acquisition Company (SPAC), the third-ever and largest Fibra E offering and second largest IPO in Mexican history, the \ufb01rst-ever multi-sovereign catastroph bond offering, and the \ufb01rst CKD offering of a fund focused on the agricultural sector in Mexico.<\/p>\n<ul>\n<li>After advising <strong>Riverstone<\/strong> and <strong>Vista Oil &amp; Gas<\/strong> in the \ufb01rst-ever <strong>Special Purpose Acquisition Company (SPAC) listing in Mexico and Latin America<\/strong>, advised Vista on all matters relating to the approval, \ufb01nan\u00accing and execution of its Initial Business Combination consisting of the acquisition of a fully operational oil &amp; gas platform from Pampa Energ\u00eda and Pluspetrol Resources located in Argentina\u2019s Vaca Muerta shale formation in the amount of US$800 million. This is the<strong> \ufb01rst de-SPAC process in the Mexican and Latin American markets.<\/strong><\/li>\n<li>After advising on the \ufb01rst-ever Fibra E offering, advised <strong>Barclays Capital, BBVA Bancomer, Goldman Sachs, Evercore, Morgan Stanley, and Santander<\/strong> as lead Mexican underwriters and initial purchasers on the global offering of the <strong>second-ever FIBRA E<\/strong> offering sponsored by Mexico\u2019s state power utility company, CFE, which raised US$885 million from Mexican and international investors.<\/li>\n<li>Advised <strong>Promecap and Promecap Acquisition Company<\/strong>, a special purpose acquisition company (or SPAC), in the <strong>second-ever SPAC listing in Mexico and Latin America<\/strong>, through a combined global offe\u00acring which raised US$300 million.<\/li>\n<li>Advised <strong>Banorte IXE, BBVA Bancomer, BTG Pactual, Citigroup, Credit Suisse, Inbursa, and Santander,<\/strong> as lead Mexican underwriters and initial purchasers on the global offering of the third-ever <strong>FIBRA E<\/strong> sponsored by <strong>Grupo Aeroportuario de la Ciudad de M\u00e9xico<\/strong> for the \ufb01nancing of the construction and development of the new Mexico City International Airport, which raised US$1.64 billion. This is the <strong>largest-ever offering of a FIBRA E in Mexico, the largest IPO in the country since 2012, and the second largest IPO in Mexican history.<\/strong><\/li>\n<li>Advised the <strong>Mexican Government<\/strong> on the <strong>Joint Multi-Country Floating Rate Insurance-Linked Capital at Risk Notes, issued under the IBRD Global Debt Issuance Facility<\/strong>, a catastrophic risk transfer transaction ending in the issuance of \ufb02oating rate insurance-linked capital at risk notes, in which the Mexican Government acted as insured party. The IBRD issued \ufb01ve catastrophe bond series worth a combined US$1.36 billion for the bene\ufb01t of Chile, Colombia, Mexico and Peru (Paci\ufb01c Alliance Member Countries). Mexico is insured by two series of bonds worth US$260 million against earthquakes in Mexico. This is the <strong>largest single issuance of catastrophe bonds the IBRD has ever done, and the largest sovereign risk insurance transaction ever.<\/strong><\/li>\n<li>Advised <strong>RRG Capital Management and Grupo Renovables Agr\u00edcolas (GRA) on the \ufb01rst-ever agricultural -focused CKD fund<\/strong> and the registration and initial public offering of the capital development certi\ufb01cates (certi\ufb01cados burs\u00e1tiles de capital de desarrollo) sponsored by RRG Capital and managed by GRA, for MXP$800 million. This is the<strong> \ufb01rst-ever CKD fund in the Mexican market focused on developing projects to improve the agricultural sector in Mexico.<\/strong><\/li>\n<\/ul>\n<p>We thank our clients for their con\ufb01dence in our ability to bring the most challenging transactions to market, and as always reaf\ufb01rm our unwavering commitment to excellence.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Creel, Garc\u00eda-Cu\u00e9llar, Aiza y Enr\u00edquez advises on another round of innovative and \ufb01rst-of-their-kind transactions, maintaining its market leading position on the most sophisticated and demanding projects in Mexico. <\/p>\n","protected":false},"featured_media":0,"template":"","cltvo_categoria_tax":[],"tipo_publicacion_taxonomy":[178],"class_list":["post-9065","cltvo_publicaciones","type-cltvo_publicaciones","status-publish","hentry","tipo_publicacion_taxonomy-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - 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