Latham & Watkins LLP advised Promecap Acquisition Company, S.A.B. de C.V. (Promecap Acquisition Company), a special purpose acquisition company (SPAC), in its global initial public offering (IPO).
As a result of the IPO, the Company will become the first Mexico-focused SPAC to list on the Mexican Stock Exchange.
Promecap Acquisition Company raised US$300 million in the global offering, which was effected through the sale of 30 million Units at US$10.00 per Unit via a public offering in Mexico and a concurrent international private offering in the United States and elsewhere outside Mexico. The Company intends to use the proceeds from the offering to conduct an initial business combination with a target whose operations or economic interests are primarily located in Mexico. Promecap Acquisition Company is sponsored by Promecap, S.A. de C.V., a leading Mexican private equity firm controlled by Fernando Chico Pardo.
Latham & Watkins LLP advised Promecap Acquisition Company on the deal with a team led by partners Roderick Branch (picture) and Michael Sullivan.
Law Firms: Latham & Watkins;
Clients: Promecap Acquisition Company, S.A.B. de C.V. ;