Ritch Mueller plays role in Cox Energy’s Mexico IPO
Mexican law firm Ritch Mueller participated in the initial public offering (IPO) by Spanish company Cox Energy on the Mexican Institutional Stock Exchange (BIVA), representing Vector Casa de Bolsa as the intermediary placement agent.
The IPO consisted of the issuance of 14,411,710 shares of Cox Energy América, for a total value of 452.6 million pesos ($20.2 million).
The IPO is the first by a solar power company on Mexico’s stock market, and the company said it will use the proceeds to fund its expansion in Latin America.
Madrid-based Cox Energy was founded in 2014 and, in Latin America, has a presence in Chile, Mexico, Central America and the Caribbean, and Colombia.
In Mexico, Cox sells electricity to qualified users, offtakers contracting power of more than 1MW, and has begun to execute self-consumption and distributed generation projects for the residential and Industrial sectors In Chile, Mexico, Central America and the Caribbean, as well as in Spain.
Ritch Mueller’s team was led by partner Gabriel del Valle Mendiola (pictured), with associates Gabriel Robles Beistegui and Juan Carlos Rodríguez.
