Cleary Gottlieb represented the initial purchasers Deutsche Bank, Goldman Sachs and J.P. Morgan in the $690.6 million global initial public offering of Nemak, a leading independent global manufacturer of high-tech, complex aluminum components for the automotive industry. The transaction consisted of an international offering in the United States pursuant to Rule 144A and in other countries outside the United States and Mexico in reliance on Regulation S, and a concurrent initial public offering in Mexico conducted through the Mexican Stock Exchange. The transaction priced on June 30 and is scheduled to close on July 6.
This offering was the second recent Nemak transaction in which Cleary participated, following Nemak’s successful February 2013 inaugural international bond offering.
Nemak is a leading global independent manufacturer of high-tech, complex aluminum components for the automotive industry. Nemak’s product portfolio, which consists of cylinder heads, engine blocks, transmission components, structural components and other components, enables its automotive manufacturer customers to reduce the weight and improve the performance and efficiency of the vehicles they manufacture.
