LatinFinance recognized the work of Milbank LLP for the “2020 Deals of the Year Awards.” The firm was acknowledged for its role in the Private Equity Deal of the Year, the sale of Mexico’s Red de Carreteras de Occidente S.A.B. de C.V. (“RCO”) to GIC and Abertis Infraestructuras, S.A.
Milbank advised GIC in its joint acquisition with Abertis of an approximate 70 percent stake in RCO from Goldman Sachs Infrastructure Partners and its affiliates. RCO is an integrated operator and developer of infrastructure and the largest privately-owned toll road concessionaire and operator in Mexico. RCO manages five concessions that include 876 kilometers of eight toll roads that connect the industrial corridor of El Bajío with Mexico City and Guadalajara. The deal team was led by Global Corporate partners John Franchini and Aaron Stine with associate Frank Pensabene and Antitrust partners Fiona Schaeffer and Alexander Rinne.
The Awards recognize the best in Latin American finance and investment from October 2019 through September 2020. LatinFinance editors select the winners based on transaction size, complexity, innovative elements, market significance and execution. For these awards, LatinFinance also took into account the reaction of institutions to the pandemic.
Mr. Franchini said: “We are pleased to have earned this recognition from LatinFinance for this transaction. This award reflects our expertise and relationships in the region, and our commitment to our clients who are investing in critical infrastructure projects in Latin America.”
The firm was also awarded “Corporate High-Yield Bond of the Year” for its role in the issuance of hybrid notes by Brazilian petrochemicals company Braskem S. A.