White & Case advises Fibra Mty on US$1.7 billion acquisition of Fibra Macquarie

Global law firm White & Case LLP has advised Fibra Mty, the first Mexican real estate investment trust 100% internally managed and advised on the acquisition of the majority of the Real Estate Investment Trusts Certificates (CBFIs) issued by Fibra Macquarie, in one of the largest real estate acquisitions in the history of the Mexican market.

The transaction was executed through a tender offer on the Mexican Stock Exchange in the context of several competing tender offers launched by other Mexican real estate investment trusts (Fibra). Fibra Mty offered each holder of Fibra Macquarie CBFIs the option to receive either 3.2 CBFIs per Fibra Macquarie CBFI or MX$44.00 in cash, implying a total consideration for the tendered Fibra Macquarie CBFIs of approximately US$1.7 billion.

White & Case advised Fibra Mty in all M&A, securities, antitrust, real estate and corporate matters related to the transaction, including obtaining approvals from the National Banking and Securities Commission and the National Antitrust Commission, as well as the consent from the holders of Fibra Mty's CBFIs.

The White & Case team was led by partner Alberto Sepúlveda, and included partners Narciso Campos, Eduardo Flores, Henri Capin and Román González, local partner Fernando Vázquez Chelius and Alfonso Vargas, counsel Jorge Escalante and associates Germán Macías, Mikel Irurita, Sofía Elizaga, Jorge Reyes and Santiago Gómez (all in Mexico City).

The legal team for Fibra Mty was led by Chief Legal Officer Eduardo Elizondo, and included Diego Bracamonte, Roberta de los Ríos, Carolina González, David Alejandro de la Garza, María Fernanda Rea and Santiago Gama.

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