Glisco Partners and Discovery Capital Management’s $72 Million Notes (CERPI) Offering


Creel, García-Cuéllar, Aiza y Enríquez and Mijares, Angoitia, Cortés y Fuentes advised on the deal

Glisco Partners and Discovery Capital Management, through a GD Structure, S.C.’s financial trust, executed a $72 Million Offering of notes CERPI (Certificado de Proyectos de Inversión) on Mexico’s stock exchange. The Trust is seeking to raise up to US$800m to invest directly or indirectly in one or more Glisco Funds, which include medium-sized and innovative companies, as well as in Discovery Funds which consider mature companies with plans to make Initial Public Offerings in international markets within the next five years.

Barclays Capital Casa de Bolsa, S.A. de C.V. acted as arranger and placing agent on the offering.

Glisco Partners Inc. is a private equity firm specializing in seed/startup, early venture, mid venture, late venture, later stage, mature, growth capital and middle-market investments. The firm is based in Mexico.

Discovery Capital Management, LLC is an employee owned hedge fund sponsor. The firm primarily provides its services in pooled investment vehicles. It launches and manages hedge funds for its clients. The firm invests in public equity and fixed income markets across the globe and is based in Connecticut.

Creel, García-Cuéllar, Aiza y Enríquez advised Glisco Partners and Discovery Capital Management with Mercedes Haddad (Picture) and Patricia Ramírez.

Mijares, Angoitia, Cortés y Fuentes advised Barclays Capital Casa de Bolsa, S.A. de C.V. with Martín Sánchez, Eugenio Macouzet, Patrick Meshoulam and Juan Pablo Aspe.

Involved fees earner: Mercedes Haddad – Creel, García-Cuéllar, Aiza y Enriquez SC; Patricia Ramírez Sanchez – Creel, García-Cuéllar, Aiza y Enriquez SC; Martín Sánchez Bretón – Mijares, Angoitia, Cortés y Fuentes, S.C.; Eugenio Macouzet de León – Mijares, Angoitia, Cortés y Fuentes, S.C.; Patrick Meshoulam Águila – Mijares, Angoitia, Cortés y Fuentes, S.C.; Juan Pablo Aspe Valencia – Mijares, Angoitia, Cortés y Fuentes, S.C.;

Law Firms: Creel, García-Cuéllar, Aiza y Enriquez SC; Mijares, Angoitia, Cortés y Fuentes, S.C.;

Clients: Barclays Capital; Glisco Partners Inc.; Discovery Capital Management;

Author: Ambrogio Visconti.