GMéxico Transportes $2.1 billion acquisition of Florida East Coast Railway Holdings

24/3/2017

Private acquisition

Value:

$ 2.1 billion

Status:

Announced

Date:

24/3/2017

Overview:

GMéxico Transportes, the transport division of Grupo México, has acquired Florida East Coast [FEC] Railway Holdings from the Fortress Investment Group.
This is an all-cash transaction and is valued at $2.1 billion.
Fortress acquired FEC in 2007.
FEC is a rail provider which operates along the east coast of Florida.
BBVA Bancomer and Credit Suisse acted as financial advisers to the buyer.
Barclays and Morgan Stanley acted as financial advisers to FEC.

Rani Mehta - Journalist

Jurisdictions:

Mexico
United States

Deal type:

Private acquisition

Practice area:

M&A

Industry sector:

Transport

Firms:

Cravath Swaine & Moore

Party: Fortress Investment Group (Seller)

Dechert

Party: GMéxico Transportes (Acquirer)

Lawyers: Bernardo Piereck, Howard Kleinman

Galicia Abogados

Party: GMéxico Transportes (Acquirer)

Lawyers: Carlos Chávez, Christian Lippert, Guillermo Perez Pérez Santiago, María de los Ángeles Padilla, Maurice Berkman

Sidley Austin

Party: Fortress Investment Group (Seller)

Lawyers: Elizabeth Tabas Carson, Terence Hynes

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