Traxión Completes International IPO
New York – Paul Hastings LLP, a leading global law firm, announced today that it represented Grupo Traxión, S.A.B. de C.V. in completing its approximately $220 million initial public offering of common stock. Traxión is the largest road transportation and logistics services company in Mexico and is partly owned by Discovery Americas and by Nexxus Capital, the largest Mexican-owned private equity fund.
The IPO was sold internationally pursuant to Rule 144A and Regulation S and the shares were listed on the Mexican Stock Exchange. The proceeds received by Traxión will be used for general corporate purposes, including investments focused on development and expansion, investments in power units and other assets and the refinancing of liabilities.
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