Mexico City, July 29, 2024
Basham, Ringe y Correa, S.C. (“Basham”) has advised Mubadala Capital (“Mubadala”), in support of co-counsel Kromann Reumert, in an operation which involves the acquisition of RelyOn Nutec (“RelyOn”). With offices in New York, San Francisco, London, Rio de Janeiro, and Abu Dhabi, Mudabala is a manager of around $23 billion in aggregate across its own balance sheet investments and in third-party capital vehicles on behalf of institutional investors, including four flagship private equity funds, four early-stage venture funds, three funds in Brazil focused on special opportunities and a highly diversified evergreen investment strategy focused on private market opportunities, as well as a series of co-investment vehicles, SPVs and continuation funds.
With headquarters in Copenhagen, a global footprint including Mexico, and around 1,250 employees worldwide, RelyOn Nutec leads the industry through intelligent application of leading-edge technology, developing into the preferred end-to-end partner for customers developing and maintaining a safe workplace while protecting the environment.
Basham provided local counsel assistance in conducting a legal top up due diligence exercise of the Mexican subsidiaries of RelyOn from a corporate, real estate, tax, environmental, regulatory, labor and social welfare, and litigation perspective, as well as participating in the negotiation of the corresponding closing documentation. This transaction marks Mubadala’s growth from a global perspective and its participation into the Mexican market. The purchase price has not been disclosed.
The closing of the aforementioned transaction, once the corresponding concentration authorizations were granted, occurred on July 29, 2024.
The following individuals were the legal advisors in this transaction:
Basham (Mubadala):
Team lead: Amílcar García Cortés; Antón Elorriaga Rincón-Gallardo
Participating members: Gerson Vaca Avendaño; Mónica Paulina Mora Ávila; Marina Fernández Lozano; Pablo Chevez Gallegos; Ana Ocampo Pérez; Pablo Domette Ruiz de Velasco; Mónica Patricia Pérez Santana; Ana Sofia Lazcano Zamora; Ana Buenrostro Matarredona; Erika Itzel Rodríguez Kushelevich; Daniel Castro Ibarra; Ian Franco Montes Jaume; Sebastián González Salmón; Diego Miguel Ramiro Estrada
Kromann Reumert (Mubadala – Co-counsel):
Anders Balle Jørgensen; Anne Abel Hansen; Mads Reinholdt Sørensen; Martin Bo Thøming
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