Paul Hastings Represents Initial Purchasers in Jose Cuervo’s $912 Million International IPO

February 10, 2017

New York, NY – Paul Hastings LLP, a leading global law firm, announced today that it represented Morgan Stanley & Co. LLC and J.P. Morgan Securities LLC as global coordinators and initial purchasers in connection with the initial public offering by Becle, S.A.B. de C.V., the parent company of Jose Cuervo, a globally recognized spirits company and the largest producer of tequila in the world, in its approximately US$912 million initial public offering of common stock.
The offering was the largest IPO out of Mexico since 2013 and was recognized by the New York Times as being the most prominent IPO this year. The shares were priced at the top of the expected price range and the order book was understood to be more than four times oversubscribed.

The IPO was sold internationally pursuant to Rule 144A and Regulation S and the shares were listed on the Mexican Stock Exchange. The proceeds will be used for general corporate purposes including for investments in the company’s organic and inorganic growth.

Latin America Practice partners Michael L. Fitzgerald and Taisa Markus led the Paul Hastings team, which also included of counsel Pedro Reyes, associates Stephanie Monroe Rohlfs, Alex Herman and Eduardo Gonzalez and foreign associate Jorge Garduño.

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.