Global law firm White & Case LLP has advised Grupo Aeroméxico, S.A.B. de C.V. (Aeroméxico) on its US$275 million initial public offering. The IPO consisted of the offering by Aeroméxico and certain selling shareholders of American Depositary Shares, each representing ten of Aeroméxico's common shares, which commenced trading on the New York Stock Exchange (NYSE: AERO), and common shares on the Bolsa Mexicana de Valores. The deal combined an offering of 11,727,325 ADSs at US$19 per ADS and 27,463,590 common shares at 35.34 Mexican pesos per share. In addition, Aeroméxico made a concurrent US$25 million private placement of its common shares to PAR Investment Partners, L.P.
Aeroméxico is the only full-service air carrier based in Mexico, and serves every major Mexican city as well as 52 international destinations across multiple continents.
White & Case brought together teams based in the US and Mexico to advise Aeroméxico on the global offering, showcasing the Firm's ability to seamlessly work across borders to ensure the success of complex transactions involving multiple stakeholders.
New York–based partner John Vetterli, Co-Head of White & Case's Global Capital Markets Practice, said: "We are delighted to have assisted Aeroméxico on this strategically important IPO and listing, which represents a significant milestone for the company and its investors."
"This was a landmark transaction for Aeroméxico, and an important step forward for Mexican capital markets as well," said Mexico City–based White & Case partner Juan Antonio Martín.
The White & Case team was led by partners John Vetterli (New York) and Juan Antonio Martín (Mexico City), and included partners Christian Hansen (Mexico City), Scott Levi (New York) A.J. Ericksen and Chad McCormick (both in Houston); counsel Marie Elena Angulo (Miami), and associates Monaliza da Silva (New York), Allan Lemos (Miami), Laura Campos and Shaanty Rubio (both in Mexico City) and Thor Fielland (Houston).
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