Leading global law firm Baker McKenzie announced today that the New York office represented BofA Securities, BBVA, BTG Pactual and Goldman Sachs, as Global Coordinators, and Citigroup, J.P. Morgan, Morgan Stanley and Scotiabank, as joint bookrunners, in connection with an approximately USD 450 million initial public offering by Fibra Next. The offering of Real Estate Trust Certificates, also known as CBFIs (Certificados Bursátiles Fiduciarios Inmobiliarios), was offered publicly in Mexico on the Mexican Stock Exchange and was made internationally pursuant to Rule 144A and Regulation S.
The transaction represents the largest IPO in Mexico in almost a decade and one of the largest IPOs in Latin America in recent years.
Fibra Next was created as a result of a split off by Fibra Uno, the largest real estate company in Latin America, of its logistics operations, forming the largest warehouse and logistics company in Mexico. The proceeds received by Fibra Next will be used primarily for the acquisition of properties and/or land to be included in its portfolio, as well as for the development of properties.
Transactional Practice Group partners Mike Fitzgerald, Arturo Carrillo, Joy Gallup and Steven Sandretto led the Baker McKenzie team, which also included associates Alejandra Cuadra and Diego Aznar and Tax partners Thomas May and Kia Waxman.
Other law firms participating in this transaction included Holland & Knight (as Fibra Next’s U.S. and Mexican counsel) and Mijares (as initial purchasers' Mexican counsel).
The transaction represents the largest IPO in Mexico in almost a decade and one of the largest IPOs in Latin America in recent years.
Fibra Next was created as a result of a split off by Fibra Uno, the largest real estate company in Latin America, of its logistics operations, forming the largest warehouse and logistics company in Mexico. The proceeds received by Fibra Next will be used primarily for the acquisition of properties and/or land to be included in its portfolio, as well as for the development of properties.
Transactional Practice Group partners Mike Fitzgerald, Arturo Carrillo, Joy Gallup and Steven Sandretto led the Baker McKenzie team, which also included associates Alejandra Cuadra and Diego Aznar and Tax partners Thomas May and Kia Waxman.
Other law firms participating in this transaction included Holland & Knight (as Fibra Next’s U.S. and Mexican counsel) and Mijares (as initial purchasers' Mexican counsel).
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