Simpson Thacher Represents Macquarie Mexican REIT in US$367 Million Follow-on Offering
09.24.14
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The Firm recently represented Macquarie Mexican REIT (FIBRA Macquarie México) (“MMREIT”) in connection with its US$367 million follow-on offering of Real Estate Trust Certificates (Certificados Bursátiles Fiduciarios Inmobiliarios, or “CBFIs”) on the Mexican Stock Exchange. The CBFIs were offered to the public in Mexico, to qualified institutional buyers in the United States under Rule 144A and to non-U.S. persons in reliance on Regulation S. MMREIT intends to use the proceeds to finance potential future acquisitions.
MMREIT is a real estate investment trust (or FIBRA under its Spanish acronym) targeting industrial, office and retail real estate opportunities in Mexico and holds one of the largest industrial real estate portfolios in the country. MMREIT is managed by Macquarie México Real Estate Management, S.A. de C.V., an entity of Macquarie Infrastructure and Real Assets, a division of Macquarie Group. Macquarie Group’s diverse range of services includes fund and asset management, corporate finance and advisory, equity research and brokerage, commercial banking, foreign exchange, fixed income and commodities trading, lending, leasing and private wealth management. Macquarie Infrastructure and Real Assets has approximately US$105 billion of total assets under management worldwide.
The Firm represented MMREIT in its inaugural equity offering in 2012.
The Simpson Thacher team included Juan Francisco Mendez, Matthew Levy, David Argueta, William Langer and Alberto Bustamante (Capital Markets); Tom Bell and Amy Fox (Private Funds); Jon Cantor and Andrew Purcell (Tax); and Jeanne Annarumma (Executive Compensation and Employee Benefits).