Traxión’s Follow-On Offering

August 15, 2023

Cleary Gottlieb represented the initial purchasers J.P. Morgan, Bank of America, and BTG Pactual in the Ps.4.9 billion global follow on offering of Grupo Traxión.

The transaction consisted of an international offering of shares of common stock represented by certificados de participación ordinaria (CPOs) 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 public offering of shares of common stock in Mexico conducted through the Mexican Stock Exchange. The offering included a primary offering by Grupo Traxión and a secondary offering by certain existing shareholders. The transaction priced at Ps.30 per share on August 10, 2023, and closed on August 15, 2023.

Grupo Traxión is one of the leading mobility and logistics companies in Mexico and one of the largest mobility companies in Latin America, offering a broad portfolio of integrated products in the industry with a focus on tailored, technologically innovative, one-stop solutions across the supply chain. Grupo Traxión provides services covering the entire supply chain, ranging from 3PL and 4PL logistics services, domestic and international road transportation (including specialized and refrigerated cargo) to last-mile logistics and personnel transportation, as well as school and tourist transportation services.