Simpson Thacher represented the underwriters, led by Citi, Bank of America and other financial institutions, in Corporación Inmobiliaria Vesta S.A.B. de C.V.’s (“Vesta”) initial public offering in the United States of 143,750,000 common shares represented by American Depositary Shares (“ADSs”), including the exercise in full of the underwriters’ over-allotment option. The ADSs began trading on the New York Stock Exchange under the ticker symbol “VTMX.”
Vesta is a real estate company that owns, manages, develops and leases industrial properties in Mexico. Vesta’s portfolio currently consists of more than 200 stabilized properties as well as development landbank, located in strategic areas for light-manufacturing and logistics, including for “near-shoring” with the United States. Vesta’s common shares have been listed on the Mexican Stock Exchange since 2012.
The Simpson Thacher team for the transaction included Juan Francisco Mendez, Enrique Guijosa and Jon Vicuña, Paulina Bracamontes, Ximena Bedoya (Capital Markets); Jonathan Cantor and Michael E. Mann (Tax); and Jennie Getsin (FINRA and Blue Sky).