Enrique Güijosa Rincón

Simpson Thacher represented Billpocket in connection with its sale to Kushki. The consideration for the transaction, which signed in May and closed in September, included both cash and stock of Kushki.~~Billpocket is a Mexican payment aggregator that provides credit card processing and point of sale solutions to small and medium enterprises. Kushki, a Latin American unicorn, is a regional online payment infrastructure provider.~~The Simpson Thacher team included Jaime Mercado, Juan F. Méndez, Enrique Güijosa and Laura Ribero (M&A – Latin America); Andrew Purcell and Ruoxi Zhang (Tax); and Gary Tashjian and Pasco Struhs (Executive Compensation and Benefits).

Sep 27

1 min

The Firm recently represented Chilean forestry company Celulosa Arauco y Constitución S.A. (“Arauco”) in connection with a €555 million export credit facility to finance the construction and start-up of a new production line of bleached hardwood kraft pulp in their mill, located in province of Arauco, Bio Bio Region, Chile.~~Arauco is one of Latin America’s largest forest plantation owners and one of the world’s largest producers of bleached and unbleached softwood kraft pulp, bleached hardwood kraft pulp and wood products, in terms of production capacity.~~The Simpson Thacher team included David L. Williams, Juan M. Naveira, Pablo Richards and Enrique Güijosa Rincón (Corporate);  Sarah Julian Duffy (Tax); and Michael Isby (Environmental).

Jan 5

1 min

Simpson Thacher represented BBB Foods Inc. (“Tiendas 3B”) in connection with its initial public offering of Class A common shares at a price to the public of $17.50 per share. A total of 38,709,677 Class A common shares were sold in the offering. 28,050,491 Class A common shares were issued and sold by Tiendas 3B and 10,659,186 Class A common shares were sold by selling shareholders, including the full exercise by the underwriters of their option to purchase up to 5,049,088 additional Class A common shares from the selling shareholders. The offering raised approximately $672 million in gross proceeds for the company and the selling shareholders. The Class A common shares began trading on The New York Stock Exchange under the ticker symbol “TBBB” on February 9, 2024.~~J.P. Morgan, Morgan Stanley, BofA Securities, Scotiabank and UBS Investment Bank acted as underwriters for the offering.~~Tiendas 3B is a hard discount grocery retailer with over 2,200 stores across 15 states in the central region of Mexico, focused on offering irresistible value to budget savvy consumers through great quality products at bargain prices.~~The Simpson Thacher team included S. Todd Crider, Kirsten L. Davis, Marcelo B. Lorenzen, Enrique Güijosa and Isaac Cattan (Latin America - Capital Markets); Jonathan E. Cantor and Lina Pan (Tax); Jamin R. Koslowe and Laura R. Gallo (Executive Compensation and Employee Benefits); Steven DeLott (Insurance); and Jennifer Nadborny and Bettina Elstroth (Public Company Advisory Practice).

Feb 16

1 min

Simpson Thacher is representing Grupo Axo, S.A.P.I de C.V. in the formation of a joint-venture with The TJX Companies, Inc. in Mexico. Under the terms of the agreement, TJX would own 49% and Axo would own 51% of Axo’s existing off-price physical store retail business in Mexico, comprised of over 200 stores under the Promoda, Reduced and Urban Store banners. The transaction is subject to regulatory approvals and other customary closing conditions.~~Grupo Axo is a leading multi-brand and multi-channel retailer of apparel, fashion accessories, footwear, beauty and personal care product categories, with a brand portfolio of recognized brands sold through more than 6,900 points of sale in department stores and more than 970 boutiques in Mexico, Chile, Peru and Uruguay.~~The TJX Companies, Inc., a Fortune 100 company, is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, and operates over 4,900 stores in nine countries.~~The Simpson Thacher team includes S. Todd Crider, Alejandro De Ramon-Laca, Enrique Güijosa and Isaac Cattan (M&A – Latin America); Peter Guryan and Richard J. Jamgochian (Antitrust); Ron Ben-Yehuda and Alysha Sekhon (Intellectual Property); and Andrew B. Purcell and William Smolinski (Tax).

Oct 6

1 min

The Firm represented Barclays, Bank of America and Morgan Stanley as joint global coordinators in Corporación Inmobiliaria Vesta S.A.B. de C.V.’s (“Vesta”) SEC-registered follow-on offering of 42,500,000 common shares represented by American Depositary Shares (ADSs).~~The follow-on offering was conducted on the heels of Vesta’s IPO and NYSE listing in July. Vesta intends to use the net proceeds from the offering to continue funding its growth strategy to address demand for industrial real estate in Mexico as a result of the “near shoring” trends.~~Vesta is a real estate owner, developer and asset manager of industrial buildings and distribution centers in Mexico. As of September 30, 2023, Vesta’s portfolio was comprised of 213 buildings in modern industrial parks in 16 states of Mexico, totaling a gross leasable area of 36.9 million square feet (3.4 million square meters). Vesta has several world-class clients participating in a variety of industries such as automotive, aerospace, high-tech, pharmaceuticals, electronics, food and beverage and packaging.~~The Simpson Thacher included Juan Francisco Mendez, Enrique Güijosa, Jon Vicuña and Beatriz Pola (Capital Markets); Jonathan Cantor (Tax); and Jennie Getsin (Blue Sky).

Dec 13

1 min