Javer Announces IPO and Concurrent Debt Tender Offer
New York, NY – Paul Hastings LLP, a leading global law firm, represented Servicios Corporativos Javer, S.A.B. de C.V., the largest homebuilder in Mexico, in a global offering of shares which consisted of a public tranche in Mexico, a private placement in the United States and a Regulation S offering in other countries. The underwriters involved in the international offering outside of Mexico were Banco BTG Pactual and Evercore Group. This IPO is perceived as quite an accomplishment given current rocky market conditions.
Paul Hastings LLP also represented Javer in its concurrent tender offer, announced on November 30, 2015, for up to U.S.$136,000,000 of its outstanding 9.875% Senior Notes due 2021, which will be paid in part with the proceeds from the IPO.
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