Simpson Thacher is representing funds managed by Advent International Corporation (“Advent”) in connection with its acquisition of a majority stake in Neoris N.V. (“Neoris”) from CEMEX, S.A.B. de C.V. The transaction is expected to close in the second half of 2022, subject to the satisfaction of customary closing conditions, including the approval of the Federal Economic Competition Commission (“COFECE”) in Mexico.
Neoris was founded over 20 years ago and is a global provider of technology consulting and digital transformation services to leading companies, having successfully executed over 1,200 large-scale projects for more than 350 blue chip clients. It currently has more than 5,000 employees located in 14 countries in Latin America, the United States and Europe.
The Simpson Thacher team for the transaction includes S. Todd Crider, Juan M. Naveira, Marcelo B. Lorenzen and Monica Yrrarazabal (Latin America – M&A); Lori E. Lesser, Jessica Cohen, Rachelle Broida and Benjamin Hart (Intellectual Property and Cybersecurity); Russell Light (Tax); Peter Guryan, Jamie C. Logie and Kelly Karapetyan (Antitrust); Tristan Brown, Ryan Kenny and Megan Arrowsmith (ECEB); and Steven R. DeLott (Insurance). Summer Associate Pilar L. Ferreira provided valuable assistance.