Global IPO by Leading Mexican Leasing Company Unifin

May 27, 2015

Cleary Gottlieb represented the initial purchasers Credit Suisse, Citigroup, UBS and Scotia in the $240 million global initial public offering of leading Mexican leasing company Unifin Financiera. 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 offering included a primary offering by Unifin and a secondary offering by certain institutional shareholders. The transaction priced on May 21 and closed on May 27.

This transaction ended a six-month drought for initial public offerings in Latin America, according to Bloomberg. This offering was the second Unifin transaction in which Cleary Gottlieb participated, following Unifin’s successful July 2014 inaugural international bond offering.

Unifin is a leading Mexican leasing company specializing in operating leasing, financial factoring and auto loans and other lending. Unifin offers operating leases for construction and industrial equipment, machinery, various types of transportations vehicles (including cars, trucks, helicopters, airplanes and other vessels) and other capital assets.