Milbank LLP advised The Bank of Nova Scotia and BBVA Mexico as joint lead arrangers and bookrunners in connection with the EUR€300 million financing for Grupo Lamosa, Mexico’s largest ceramics tile and stoneware manufacturer with substantial operations throughout Latin America and Spain, to support Grupo Lamosa’s EUR€425 million acquisition of Baldocer S.A., a leading Spanish ceramic and porcelain tile manufacturer. The acquisition closed on October 31, 2023.
The Milbank deal team was led by Corporate Finance and Securities partner Carlos Albarracín along with special counsel Andres Osornio, associate Agustin Videla and international attorney Enrique Lopez Scherer.
Mr. Albarracín said: “We are pleased to once again support Grupo Lamosa on the financing of this strategic acquisition that will further solidify Grupo Lamosa’s presence and market position in Europe.”
