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Paul Hastings Represents Initial Purchasers In US$1 Billion Secondary Offering of Inbursa Shares

July 05, 2013

New York, NY – Paul Hastings LLP, a leading global law firm, announced today that it recently represented Credit Suisse, UBS, Citigroup and BTG Pactual as initial purchasers in connection with the offering by Spain’s CaixaBank of shares representing approximately 6.4% of Grupo Financiero Inbursa, S.A.B. de C.V.  Inbursa, which is listed on the Mexican Stock Exchange and is controlled by Carlos Slim and members of the Slim family, is one of the leading financial services holding companies in Mexico. 

The transaction raised approximately US$1 billion (including the overallotment option) and consisted of a follow-on public offering in Mexico with a concurrent international tranche under Rule 144A and Regulation S.  The transaction was one of only a handful of jumbo-sized international stock offerings that were able to be completed during the recent turbulence in the equity capital markets.

Latin America practice partners Mike Fitzgerald and Arturo Carrillo led the Paul Hastings team, which also included of counsel Pedro Reyes, associate Gonzalo Gutierrez and foreign associate Pablo Garza Sada.

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.