Baker McKenzie is advising LatAm Logistic Properties S.A. (LLP), a leading developer, owner and manager of institutional quality, class A industrial and logistics real estate in Central and South America, in its pending business combination with two (“TWOA”), a special purpose acquisition company, that is expected to result in LLP becoming a publicly listed company on the New York Stock Exchange.
LLP is one of the few vertically integrated logistics real estate platforms operating across Central and South America.
The combined company will have an estimated post-transaction enterprise value of $578 million, based on a pre-money equity value of LLP of $286 million, with a minimum of $25 million in net cash proceeds to fund growth.
Subject to regulatory and shareholder approvals and other customary closing conditions, the deal is expected to close in the fourth quarter of 2023. The combination will create a leading publicly traded developer, owner and manager of modern logistics real estate in Central and South America.
Partners Mike Fitzgerald, Steven Canner, Joy Gallup and Michelle Heisner are leading the Baker McKenzie team, which includes associates Carolina Gonzalez, Alejandra Cuadra, Nicole Gresati-Fernandez and Estefania Lalinde. Additional advice was provided by tax partners Kai Kramer and Lane Morgan and associate Joseph Chung.
More details on the transaction can be found here.