Basham counsels Mubadala on RelyOn acquisition
Basham Ringe y Correa has counselled Mubadala Capital, with the support of co-counsel Kromann Reumert, on a transaction involving the acquisition of RelyOn Nutec.
The firm provided local legal assistance in conducting a legal due diligence exercise of RelyOn’s Mexican subsidiaries from a corporate, real estate, tax, environmental, regulatory, labour and social welfare, and litigation perspective, as well as participating in the negotiation of the related closing documentation. This transaction marks Mubadala’s growth from a global perspective and its participation in the Mexican market.
The closing of the transaction, following the granting of the relevant merger approvals, occurred on 29 July.
With offices in New York, San Francisco, London, Rio de Janeiro and Abu Dhabi, Mudabala is a manager of approximately $23 billion in total investments on its own balance sheet and in third-party equity vehicles on behalf of institutional investors, including four flagship private equity funds, four early-stage venture capital funds, three funds in Brazil focused on special opportunities and a highly diversified permanent investment strategy focused on private market opportunities, as well as a number of co-investment vehicles, SPVs and follow-on funds.
Headquartered in Copenhagen, with a global presence that includes Mexico, and around 1,250 employees worldwide, RelyOn Nutec leads the industry through the smart application of cutting-edge technology, becoming the preferred end-to-end partner for clients developing and maintaining a safe workplace while protecting the environment.
Kromann Reumert’s team included Anders Balle Jørgensen, Anne Abel Hansen, Mads Reinholdt Sørensen and Martin Bo Thøming.
Basham’s team was led by Amílcar García Cortés (pictured left) and Antón Elorriaga Rincón-Gallardo (pictured right), with support from Gerson Vaca Avendaño, Mónica Paulina Mora Ávila, Marina Fernández Lozano, Pablo Chevez Gallegos, Ana Ocampo Pérez, Pablo Domette Ruiz de Velasco, Mónica Patricia Pérez Santana, Ana Sofía Lazcano Zamora, Ana Buenrostro Matarredona, Erika Itzel Rodríguez Kushelevich, Daniel Castro Ibarra, Ian Franco Montes Jaume, Sebastián González Salmón, Diego Miguel Ramiro Estrada.
