Baker & McKenzie LLP
03/28/2024 | Press release | Distributed by Public on 03/28/2024 02:56
Baker McKenzie Advises LatAm Logistic Properties S.A. with the closing of its Business Combination with SPAC two (TWOA)
Leading global law firm Baker McKenzie announced today that it represented LatAm Logistic Properties, S.A., a fully integrated, internally managed real estate company that is a leading developer, owner and manager of institutional quality, Class A industrial and logistics real estate in Central and South America ("LLP"), in connection with the consummation of its business combination with two ("TWOA"), a special purpose acquisition company, having a combined value of approximately $300 million.
As a result of the completion of the Business Combination, LLP and TWOA are now wholly-owned subsidiaries of Logistic Properties of the Americas ("LPA"), a Cayman Islands exempted company. LPA's ordinary shares will commence trading on NYSE American under the ticker symbol "LPA" on March 28, 2024. The transaction is another example of the successful use of a de-SPAC structure to effectively conduct an SEC registered public offering of a Latin American company.
Transactional Practice Group partners Joy Gallup, Mike Fitzgerald and Steven Canner led the Baker McKenzie team, which also included associates Carolina Gonzalez, Alejandra Cuadra, Estefanía Lalinde and Nicole Gresati Fernandez. Additional advice was provided by tax partners Lane Morgan and Kai Kramer, and Employment and Compensation partners Kimberly Franko and Lindsay Minnis, along with associate Danielle Gibbons.
Other law firms participating in this transaction included Ellenoff Grossman & Schole LLP (as two's New York counsel), Ogier (as LLP's Cayman counsel), and Maples Group (as two's Cayman counsel).
More details on the transaction can be found here.
As a result of the completion of the Business Combination, LLP and TWOA are now wholly-owned subsidiaries of Logistic Properties of the Americas ("LPA"), a Cayman Islands exempted company. LPA's ordinary shares will commence trading on NYSE American under the ticker symbol "LPA" on March 28, 2024. The transaction is another example of the successful use of a de-SPAC structure to effectively conduct an SEC registered public offering of a Latin American company.
Transactional Practice Group partners Joy Gallup, Mike Fitzgerald and Steven Canner led the Baker McKenzie team, which also included associates Carolina Gonzalez, Alejandra Cuadra, Estefanía Lalinde and Nicole Gresati Fernandez. Additional advice was provided by tax partners Lane Morgan and Kai Kramer, and Employment and Compensation partners Kimberly Franko and Lindsay Minnis, along with associate Danielle Gibbons.
Other law firms participating in this transaction included Ellenoff Grossman & Schole LLP (as two's New York counsel), Ogier (as LLP's Cayman counsel), and Maples Group (as two's Cayman counsel).
More details on the transaction can be found here.