Financial intelligence magazine The Banker has named a transaction on which White & Case advised among its Deals of the Year 2018—Americas. The magazine named "CFE's IPO" its Deal of the Year in the Equities category.
In the winning transaction, White & Case represented Comisión Federal de Electricidad (CFE), as Mexican and NY counsel in the first publicly traded Fibra E (energy and infrastructure investment trust) focused on Mexico's electric transmission sector and the first publicly traded company sponsored by CFE. The Fibra E issued 750,000,000 CBFEs Series A for an aggregate amount of MXN 16,387 million (US$862 million) as part of a global offering in Mexico and abroad (pursuant to Rule 144A/Regulation S) and 250,000,000 subordinated CBFEs owned by CFE. The CBFEs were fully registered in the CNBV and listed on the Mexican Stock Exchange.
"CFE's Fibra E is an innovative and creative deal," says White & Case Partner Vicente Corta (Mexico City). "The transaction combines an attractive group of assets, a robust corporate governance and efficient financial structure, providing CFE with an efficient way to finance its transmission lines infrastructure and meet its financial needs, attracting both Mexican and international investors."
The Banker
