Milbank LLP advised investment funds affiliated with Vision Ridge Partners in connection with a $250 million equity commitment round conducted by VEMO, a company focused on the clean mobility transition in Mexico.
VEMO operates a vertically integrated, clean mobility platform that combines electric vehicles (EVs), charging infrastructure and fleet technology to help support Mexico’s public EV charging network. VEMO will use the capital to advance its deployment of public charging infrastructure and EVs across Mexico, as well as to further develop its tech-enabled EV fleet management solutions.
Vision Ridge Partners is a sustainable real assets investor that seeks to capitalize on the global transition to sustainability by identifying, developing and transforming complex assets across energy, transportation and agriculture.
The Milbank team was led Global Corporate/M&A partner and head of Milbank’s US Corporate/M&A practice Dean Sattler and Corporate/M&A partner Francisco Nuñez with the support of Corporate/M&A special counsel Evelyn Liristis and associates Steve Ahn, Lisa Koo and O’Neill Kennedy. The Milbank team also included Global Project, Energy and Infrastructure Finance partner Dan Bartfeld; Tax partner Edward Lemanowicz and associate Jesse Hong; Executive Compensation partner Mike Shah and special counsel Jameson Frazier; and Antitrust partner Fiona Schaeffer, special counsel Alexis Brown-Reilly and associate Mariella Montplaisir Bazan.
