Grupo Lamosa SAB de CV’s $180 Million Loan


Ritch Mueller, Milbank, Skadden and Galicia advised on the deal

Grupo Lamosa secured a $180 million credit facility from The Bank of Nova Scotia and other financial institutions.

Grupo Lamosa SAB de CV manufactures and sells floor and wall tiles, adhesives, and and sanitary ware. The company, led by Federico Toussaint Elosua, Jorge Antonio Touche Zambrano and Sergio Narvaez Garza, in 2018 recorded $888.4 million revenues.

In Mexico, Ritch Mueller advised the banks led by The Bank of Nova Scotia with Jean Paul Farah Chajín (Picture), Gabriel Robles Beistegui, Enrique López Scherer, Rodrigo Carmona Herrán and Raúl López Labastida.

Milbank advised the lenders In US.

Skadden, Arps, Slate, Meagher & Flom advised Grupo Lamosa in US and Galicia advised the company in Mexico.

Involved fees earner: Jean Paul Farah Chajín – Ritch, Mueller, Heather y Nicolau, SC; Enrique López Scherer – Ritch, Mueller, Heather y Nicolau, SC; Gabriel Robles Beistegui – Ritch, Mueller, Heather y Nicolau, SC;

Law Firms: Ritch, Mueller, Heather y Nicolau, SC;

Clients: Scotiabank;

Author: Ambrogio Visconti.