Renewables Resources Group’s $200 million CKD Fund Launch


Orrick, Herrington & Sutcliffe, Creel, García-Cuéllar, Aiza y Enríquez and Orozco Waters Abogados advised on the transaction

Renewable Resources Group (“RRG”) executed a restricted issuance of capital development certificates (CKD) in Mexico with an aggregate investment target of $200 million for the development of agricultural projects in Mexico.

This is the first CKD fund ever issued in Mexico that will be solely dedicated to agricultural projects in the country. RRG is a California-based asset management firm focused on investing in sustainable and renewable resources for the agriculture, energy, infrastructure and technology sectors.

Barclays acted as sole underwriter on the offering.

Orrick advised Renewable Resources Group with a team including Rodrigo Dominguez (Picture), associates Emilio Grandio and Luisa Muskus and foreign associate Eduardo Aiza.

In Mexico, Creel, García-Cuéllar, Aiza y Enríquez advised Renewable Resources Group (RRG) and Grupo Renovables Agrícolas (GRA) with Carlos Zamarrón, Gizeh Polo, Juan Pablo Villela, Miguel Tellez, José Eduardo Coronado, Juan Mina and Susana Ávalos.

Orozco Waters Abogados advised Barclays with Rodrigo Orozco Waters, Víctor F. Callarisa Rivera and Alfonso Malagón Lozano.

Involved fees earner: Rodrigo Orozco Waters – Orozco Waters Abogados; Víctor Callarisa Rivera – Orozco Waters Abogados; Alfonso Malagón Lozano – Orozco Waters Abogados; Carlos Zamarrón – Creel, García-Cuéllar, Aiza y Enriquez SC; Gizeh Polo – Creel, García-Cuéllar, Aiza y Enriquez SC; Juan Pablo Villela – Creel, García-Cuéllar, Aiza y Enriquez SC; Miguel Téllez Córdova – Creel, García-Cuéllar, Aiza y Enriquez SC; Eduardo Coronado – Creel, García-Cuéllar, Aiza y Enriquez SC; Juan Mina Robles – Creel, García-Cuéllar, Aiza y Enriquez SC; Susana Avalos Trujillo – Creel, García-Cuéllar, Aiza y Enriquez SC;

Law Firms: Orozco Waters Abogados; Creel, García-Cuéllar, Aiza y Enriquez SC;

Clients: Barclays Bank; Renewable Resources Group Holding Company, Inc.;