New York, NY
Paul Hastings LLP, a leading global law firm, announced today that the firm represented Credito Real, a Mexico-based consumer lender, in completing its initial public offering on the Mexican Stock Exchange.
The IPO was sold internationally pursuant to Rule 144A and Regulation S and raised approximately $200 million. The proceeds will be used to repay debt and for corporate purposes.
"This transaction is a validation of the important role of the specialty finance industry and the development of Mexico's middle class, said Paul Hastings Latin America Practice chair and partner Michael Fitzgerald.
It is also an important example of the role of private equity investment and the new ability for Mexican PE firms to exit their investments through the IPO process," said Latin America Practice partner Arturo Carrillo.
Latin America Practice partners Michael Fitzgerald
and Arturo Carrillo
led the Paul Hastings team, which also included of counsel Pedro Reyes
, associate Iris Figueroa
and foreign associate Pablo Garza. Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.