Global Initial Public Offering by Leading Mexican Real Estate Developer Grupo GICSA

June 9, 2015

Cleary Gottlieb represented Grupo GICSA, a leading Mexican real estate developer, in a $420 million global initial public offering. The global offering consisted of an international offering pursuant to Rule 144A and Regulation S and a concurrent initial public offering in Mexico through the Mexican Stock Exchange. The transaction priced on June 3 and is expected to close on June 9.

This is the second IPO in Latin America to date in 2015, with Cleary being involved in each transaction.

Grupo GICSA is a leading developer, investor and operator of premium shopping centers, corporate office buildings and mixed-use projects in Mexico. Since its inception in 1989, it has developed 67 real estate projects, including Paseo Arcos Bosques and Paseo Interlomas, two iconic projects that have redefined the retail and corporate office scenery in Mexico City.