Basham, Ringe & Correa advised Medica Sur, a hospital group, on receiving a multi-millon dollar investment from ProActive Capital.
ProActive Capital is a Mexican investment fund which acquired 40% stake in Neuco, an investment manager and parent company of Médica Sur, thus acquiring 20.04% of the hospital group.
Basham advised Medica Sur on preparing all documentation necessary for preparing the company the receive the investment, including designing the most efficient tax and corporate structure for the operation.
The firm also handled the documentation for the due diligence carried out by the investor, provided counsel in the negotiation and preparation of the signing and closing of the transaction including the preparation and submission of the applicable antitrust filings before the Mexican authorities.
Partner Daniel Del Rio led the Basham team advising Medica Sur. Santa-Ana Abogados acted as co-counsel to Medica Sur and parent company Neuco.