RE&M and Cleary counsel on Auna’s $360m IPO
Rodrigo Elías & Medrano has counselled Auna in Peru, and Cleary Gottlieb has counselled the underwriters, on the USD $360 million initial public offering (IPO) of Auna.
Auna listed its Class A shares on the New York Stock Exchange under the symbol “AUNA”, becoming the first Latin American healthcare company to be listed in the US.
The IPO consisted of the offer and sale by Auna of 30 million class A ordinary shares. The offering was listed on 21 March 2024 and closed on 26 March 2024.
Auna was also advised by Ritch Mueller in Mexico.
Morgan Stanley, J.P. Morgan, BTG Pactual, Santander, Citigroup and HSBC acted as underwriters.
Auna operates hospitals and clinics in Mexico, Peru and Colombia and offers prepaid health plans in Peru. As of 31 December 2023, Auna’s network included 31 healthcare network facilities, consisting of hospitals, clinics, prevention and wellness centres in Mexico, Peru and Colombia, with a total of 2,308 beds.
Ritch Mueller’s team was led by partner Jean Paul Farah, assisted by associates Salvador Torres Bremer, Luis Miguel Posadas Yáñez and Rodrigo Vazquez Sainz.
RE&M’s team comprised partners Jean Paul Chabaneix (pictured left), Jorge Trelles (pictured centre, left) and Jose Talledo (pictured centre, right) and associate Sebastián Briceño Brignole.
Cleary’s team included partner Juan Giráldez (pictured right), associates Stephanie Monroe Rohlfs and Rebecca Niederberger Martínez, and international lawyers Thamires Guerra and Alejandro Araujo Gaviria. Partner Matt Brigham and associate Adriana De Bartolo advised on tax matters. Senior attorney Elizabeth Chang advised on FINRA matters. Juan Giráldez is based in Sao Paulo, and all other lawyers are based in New York.
