Joy Gallup, Mike Fitzgerald and Steven Canner

Baker McKenzie represents LLP in merger with TWOA

Baker & McKenzie has represented LatAm Logistic Properties (LLP) in the closing of its business combination with two (TWOA), a special purpose acquisition company, with a combined value of approximately $300 million.

As a result, LLP and TWOA are now wholly owned subsidiaries of Logistic Properties of the Americas (LPA), a Cayman Islands exempted company. LPA’s common stock will begin trading on the NYSE American under the symbol “LPA” on March 28, 2024. The transaction is another example of the successful use of a de-SPAC structure to effectively conduct an SEC-registered public offering of a Latin American company.

Other law firms involved in this transaction included Ellenoff Grossman & Schole as New York counsel to TWOA, Ogier as Cayman Islands counsel to LLP and Maples Group as Cayman Islands counsel to TWOA.

LatAm Logistic Properties is a fully integrated, internally managed real estate company that is a leader in the development, ownership and management of institutional-quality Class A industrial and logistics real estate in Central and South America.

Baker McKenzie’s team was led by partners Joy Gallup (pictured left), Mike Fitzgerald (pictured centre) and Steven Canner (pictured right) with support from associates Carolina Gonzalez, Alejandra Cuadra, Estefania Lalinde and Nicole Gresati Fernandez. Tax partners Lane Morgan and Kai Kramer, and Employment and Compensation partners Kimberly Franko and Lindsay Minnis, along with associate Danielle Gibbons, provided additional advice.

L Giselle Estrada

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