Grupo Traxión’s Ps.4.0 Billion IPO

October 3, 2017

Cleary Gottlieb represented the initial purchasers Morgan Stanley, UBS, Citigroup and Barclays in the Ps.4.0 billion global initial public offering of Grupo Traxión, one of Mexico’s leading road transportation and logistics companies.

The transaction consisted of an international offering of certificados de participación ordinaria, each representing one share of common stock, 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 of common stock in Mexico conducted through the Mexican Stock Exchange. The transaction priced at Ps.17 per share on September 28, 2017, and closed on October 3, 2017.

Grupo Traxión is a leading road transportation and logistics company in Mexico, offering a unique, one-stop solution for cargo transportation and logistics and contracted personnel and student transportation services. Through its complementary operating segments, Grupo Traxión provides domestic and international road transportation in a highly fragmented market.