GC acts in LBO to acquire Glisco’s position in Grupo Hunan
Gonzalez Calvillo has acted as legal counsel to Grupo Hunan and its controlling shareholders in the first two tranches of a leveraged buyout (LBO) to acquire Glisco’s position in Grupo Hunan.
This transaction was closed on 29 September and involved the jurisdictions of Mexico and Spain. Creel García-Cuéllar Aiza y Enríquez advised Glisco in Mexico, while Ceca Magan advised Grupo Hunan in Spain.
The matter was particularly challenging given that the structure was thoroughly negotiated and required adjusting different concepts in order to make the transfer formalities under Spanish law consistent with a share purchase agreement governed by Mexican law. In addition, the transaction involved the negotiation and closing of highly complex documents.
Grupo Hunan is a high-end restaurant operator with more than 30 locations in Mexico and the United States.
Glisco is an equity growth fund and structured finance in Mexico with more than 20 years in the industry.
GC’s team was led by partner José Ignacio Rivero Andere (pictured), with support from partner Enrique González Calvillo, managing associate Jacinto Ávalos Capín, associates Rodrigo Poumian González and Héctor Ferrari Ruiz, and law clerks Valeria Camacho Bello and Sofía Ramírez Esparza.
