Grupo Financiero Interacciones in $282 Million Primary and Secondary Global Equity Offerings
October 22, 2013
Cleary Gottlieb represented Grupo Financiero Interacciones, a Mexican financial group, in its $282 million primary and secondary global equity offerings, consisting of a public offering on the Mexican Stock Exchange and an international offering in the United States pursuant to Rule 144A and outside of the United States pursuant to Regulation S. GFI’s controlling shareholder group led by Carlos Hank Rhon and his three children sold approximately 13.7% of their stake in the company as part of the secondary offering. Credit Suisse and Barclays acted as initial purchasers in the international offering and Credit Suisse (Mexico), Barclays (Mexico), Banorte-Ixe, GBM and Actinver acted as lead Mexican underwriters in the Mexican offering. The transaction priced on October 16 and closed on October 22.