Paul Hastings LLP, a leading global law firm, announced today that it represented Sigma Alimentos, S.A. de C.V., the largest producer and distributor of refrigerated and frozen food in Mexico, in connection with a US$1 billion acquisition term loan with The Bank of Tokyo-Mitsubishi UFJ, Ltd. as lead arranger. A portion of the proceeds were used for the privately negotiated acquisition of common stock of Campofrio Food Group, S.A., a publically traded Spanish food group, and the remainder is intended to be used to finance the acquisition of the publicly traded stock of Campofrio by means of a tender offer in Spain. The loan was one of the largest in Latin America in 2013 to finance the acquisition of the stock of a publicly traded company by means of a tender offer.
Latin America partners Michael Fitzgerald and Joy Gallup led the Paul Hastings team, which also included associates Veronica Rodriguez, Nathalia Osorio and Bruno Espindola.
