The Firm recently represented Organización Cultiba, S.A.B. de C.V., in connection with its inaugural global offering of 98,004,889 common shares. The shares were offered to the public in Mexico, to qualified institutional buyers in the United States in reliance on Rule 144A and to non-U.S. persons elsewhere in reliance on Regulation S. The global offering, which included a secondary offering by certain of Cultiba’s shareholders, raised approximately US$270 million in gross proceeds. Cultiba’s common shares are listed on the Mexican Stock Exchange.
Cultiba holds a controlling stake in Grupo GEPP, S.A.P.I. de C.V., the exclusive bottler of PepsiCo trademark beverages throughout Mexico. Cultiba also holds controlling stakes in four sugar mills, which together are one of the leading producers of sugar in Mexico.
The Simpson Thacher team for the transaction consisted of Glenn M. Reiter, Juan F. Mendez, Borja Marcos, William A. Langer, Cristina Quintero and Regina Madrid Pesqueira (Capital Markets/M&A); and Jonathan Cantor and Anthony Minervini (Tax).
