Shearman And Sterling

News Jul 15, 2015

Shearman & Sterling Advises Initial Purchasers in Connection with Initial Public Offering of Elementia, S.A.B. de C.V.

Shearman & Sterling represented Credit Suisse Securities (USA) LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., HSBC Securities (USA) Inc., Santander Investment Securities Inc. and BBVA S.A. as the initial purchasers in connection with an initial public offering of 231,150,000 ordinary shares (including the exercise of the overallotment option) by Elementia, S.A.B. de C.V. The dual international and Mexican offerings raised Ps.$3,929,550,000, and the shares have been listed on the Bolsa Mexicana de Valores (the Mexican Stock Exchange) under the listing ELEMENT.

Elementia is a leading Latin American manufacturer and distributor of products and solutions for the construction materials industry.

The Shearman & Sterling team advising the initial purchasers was led by partner Antonia Stolper (New York-Capital Markets) and associates Nathan Mee, Antonio Herrera Cuevas and Scott Lucas (all San Francisco-Capital Markets). Key members of the deal team also included counsel Jeff Salinger (New York-Environmental) and associates Jeffrey Tate and Mary Jo Lang (Washington, DC-Tax), and Alyssa Cowley (New York-Corporate).