Covington Wins LatinFinance Private Equity Deal of the Year Award

NEW YORK—Covington advised on the Deal of the Year winner in the Private Equity category at the LatinFinance 2020 Deals of the Year Awards. Covington represented Abertis Infraestructuras, S.A., a Spanish toll road company, in its equity arrangement in connection with its joint acquisition with GIC Special Investment Pte. Ltd. of a controlling stake in Red de Carreteras de Occidente S.A.B. de C.V. (RCO), one of the leading toll road operators in Mexico. The sellers were Goldman Sachs Infrastructure Partners (GSIP) and local investors and pension fund managers (AFORES). Abertis acquired a 51.3% stake in RCO for $1.7 billion.

The Covington team included Sergio Urias and Laura Torre.

Covington has a dedicated team of M&A and private equity lawyers with decades of experience in the business and legal communities in Latin America. Our team offers advice that meets the highest standards of expertise and sophistication in private equity transactions, combined with practical knowledge of doing business in Latin America.

LatinFinance Deals of the Year Awards recognize stand-out transactions in Latin America and the Caribbean. Awardees are selected by the editors of LatinFinance, taking into account the size, complexity, innovative elements, market significance and execution of each transaction.