Cleary represents Fintech Holdings in sale of SETA and Aerodrome shares to VINCI
Cleary Gottlieb has represented Fintech Holdings, along with certain of its affiliates, in the sale of 100% of its equity interest in Servicios de Tecnología Aeroportuaria (SETA) and Aerodrome Infrastructure (Aerodrome) to CONCESSOC 31 SAS, a wholly owned subsidiary of VINCI Airports (VINCI).
Thanks to this transaction, signed on 31 July and closed on 7 December, VINCI is now the beneficial owner, through SETA and Aerodrome, of approximately 29.99% of the total issued and outstanding share capital of Grupo Aeroportuario del Centro Norte (OMA).
The amount contributed by VINCI was $578.7 million for the purchase of SETA and $240.8 million, net of debt, including intercompany debt, for Aeródromo.
The lead arrangers and joint bookrunners were Banco Inbursa, HSBC Mexico and Scotiabank Inverlat, advised by Skadden Arps Slate Meagher & Flom.
Fintech and its affiliates participate in and assist in the investment in securities of sovereign and private entities, primarily in emerging markets.
VINCI is a global operator of airport concessions, project management, maintenance and construction. Following the closing of the transaction, VINCI’s network will include more than 70 airports in 13 countries.
OMA is a publicly listed Mexican company with concessions to operate, maintain and develop 13 airports in Mexico, concentrated in the central and northern regions of the country, and provides aeronautical, non-aeronautical and commercial services to passengers and airlines using the airports it operates.
Skadden’s team included partner Alejandro González Lazzeri, associates Alejandro Ascencio Lucio (London), Elvira Pérez, Vincent Delcourt (Paris) and Stephen Gretz, international visiting professional Bruna Nogata, banking counsel Aurélien Jolly (Paris), tax partners Thomas Perrot (Paris) and Alec Jarvis, and counsel Nazmiye Gokcebay. All based in New York, unless otherwise noted.
Cleary’s corporate team included partners Manuel Silva (pictured left) and Adam Brenneman (pictured right), associates José Andrés de Saro, Amanda Mitchell, Belén Pironi and Ashley Miller, and international lawyers Ainhoa Buenetxea Roy, Raisa Reggiori and Adrián Lozano. Partner Jason Factor and associate Karl Heiland advised on tax matters.
