Milbank LLP advised the lenders in connection with the US$200 million financing for Grupo Lamosa, Mexico’s largest ceramics tile and stoneware manufacturer, to support Grupo Lamosa’s US$260 million acquisition of the flat ceramic division of Grupo Roca, a leading Spanish ceramics tile manufacturer.
Grupo Lamosa agreed to buy the brands Incepa, USCT and Gala from Roca, expanding its presence in the United States and Brazil and gaining entry to the Spanish market, its first in Europe.
The Milbank deal team was led by Global Capital Markets partner Carlos Albarracín along with associate Andres Osornio and international attorney Santiago Freyre.
Mr. Albarracín said: “Milbank is pleased to have advised the lenders in connection with the financing for Grupo Lamosa’s acquisition of Grupo Roca.”
