Client or Matter Name
- Matter name: Project Rabbit
- Client: Advent International Corporation
Deal Description
GC represented Advent International Corporation ("Advent"), in the concentration notice proceeding before the Antitrust Mexican Commission ("Cofece") for the acquisition of 65% of Neoris, a subsidiary of CEMEX constituted under the Netherlands laws, dedicated to Information Technologies (IT) services.
The transaction was authorized without any conditions in October 2022.
Innovation & Additional Comments
Thanks to the efforts of our Antitrust and Competition Team, we were able to avoid a Request of Additional Information despite there being overlaps between NEORIS and certain Advent portfolio companies. In addition, we obtained Cofece's authorization without any conditions.
Jurisdiction
- Mexico
Governing Law
- Mexican Antitrust Statute
Deal Duration, Date of Closing / Signing
- October 2022
Practice Area
- Antitrust and Competition
Team GC
- Cristina Massa Sánchez – partner
- Patricio Martínez Osorio – counsel
- Daniel González Contreras – associate
- Priscila Barba Rivas – law clerk