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Simpson Thacher represented Promotora y Operadora de Infraestructura, S.A.B. de C.V. (“PINFRA”), in connection with an equity offering of a new class of limited voting, Series “L” shares.

PINFRA’s “L” shares were listed on the Mexican Stock Exchange and offered to the general public in Mexico and sold internationally to qualified institutional buyers in the United States in reliance on Rule 144A and to non-U.S. persons outside the United States in reliance on Regulation S. The transaction raised approximately US$626 million in gross proceeds for PINFRA.  Credit Suisse Securities (USA) LLC acted as Global Coordinator and Joint Bookrunner, and Itau BBA USA Securities, Inc., J.P. Morgan Securities LLC and GBM International, Inc. acted as Joint Bookrunners.

PINFRA is one of the largest owners and operators of concessions of infrastructure projects in Mexico, primarily focused on transportation infrastructure concession business.

The Simpson Thacher team for this transaction included Todd Crider, Eduardo Goldberg and international associate David Argueta (Capital Markets); and Jon Cantor and Michael Cardella (Tax).