Simpson Thacher represented Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC, as initial purchasers, in connection with the equity offering by Promotora y Operadora de Infraestructura, S.A.B. de C.V. (“PINFRA”) and certain selling shareholders.
PINFRA’s common shares were listed on the Mexican Stock Exchange and sold internationally to qualified institutional buyers in the United States in reliance on Rule 144A and to non-U.S. persons outside the United States in reliance on Regulation S. The transaction raised US$347.6 million in gross proceeds for PINFRA and its selling shareholders.
PINFRA is one of the largest owners and operators of concessions of infrastructure projects in Mexico, primarily focused on transportation infrastructure concession business.
The Simpson Thacher team for this transaction included Todd Crider, Juan M. Naveira and international associate Felipe Mariño (Capital Markets); and Jon Cantor and Danny Salinas (Tax).
