Mexico: GC advises Profuturo Afore in the issuance of the new FIBRA E called “FEXI 21

Represented Profuturo Afore, in its capacity as investor and holder, in the issuance of certificados bursátiles fiduciarios de inversión en energía e infraestructura of the new FIBRA E called “FEXI 21”, for a total amount of MXP$22,158,948,607.00.

Client or Matter Name

Profuturo Afore – Public Offering (“FEXI 21”)

Deal Description

Represented Profuturo Afore, in its capacity as investor and holder, in the issuance of certificados bursátiles fiduciarios de inversión en energía e infraestructura of the new FIBRA E called “FEXI 21”, for a total amount of MXP$22,158,948,607.00.

This operation is probably the most complex that the Mexican securities market has seen in recent years, as it required the divestment of 3 CKDs (in which Profuturo AFORE has a stake), CERPIs and other investments (as well as a series of mergers, spin-offs and purchase and sale operations of previous shares), for their subsequent contribution to said FIBRA E.

FEXI 21 is managed by Mexico Infrastructure Partners (MIP) and comprises, among others, the Kantunil-Cancún, Apaseo-Palmillas, Río Verde-Ciudad Valles, Libramiento Piedad and the Acapulco Interurban tunnel.

Ritch Mueller acted as external legal advisor to MIP / EXI, as Manager of FEXI 21.

Monex Casa de Bolsa acted as Common Representative of the Holders.

Banco Actinver acted as Issuing Trustee.

Casa de Bolsa Santander, Casa de Bolsa BBVA and BTG Pactual Cada de Bolsa, acted as Underwriters.

Innovation & Additional Comments

Jurisdiction

México

Governing Law

México

Deal Value

MXP$22,158,948,607.00.

Deal Duration, Date of Closing / Signing

Kick-Off: December 2020

Settlement Date: August 3, 2021

Practice Area

Capital and debt markets (equity deal)

Team GC

Bernardo Reyes Retana Krieger (Lead Partner)

Jaime Cortés (Partner)

Francisco J. Alvarez Campos (Associate)

Diego Hernández Abascal (Associate)

Alonso Mirón Granados (Associate)

Fernando Blanco González (Associate)

Other Firms Involved

Ritch Mueller acted as external legal advisor to MIP / EXI, as Manager of FEXI 21.

Press Coverage

Topics

Mexico: GC advises Profuturo Afore in the issuance of the new FIBRA E called “FEXI 21

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Represented Profuturo Afore, in its capacity as investor and holder, in the issuance of certificados bursátiles fiduciarios de inversión en energía e infraestructura of the new FIBRA E called “FEXI 21”, for a total amount of MXP$22,158,948,607.00.

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