WestLB Announces Successful Acquisition Financing for US Private Equity Firm to Move into Mexican Construction Sector - Pulte Mexico S.R.L.
WestLB AG Capital Markets Latin America Financial Institutions successfully closed a US$ 60 million bridge loan to Pulte Mexico S.R.L. de C.V for the acquisition of Pulte Mexico by Walton Street Capital, Su Casita and the Grupo Sadasi. WestLB acted as Lead Arranger and Underwriter for the financing, which required a creative structure to ensure that an equitable financing was possible.
This deal is the first acquisition financing carried out in the Mexican construction sector involving a foreign partner in Walton Street Capital and the second largest Mexican mortgage finance company, Su Casita. In addition, WestLB created a cost efficient, tailor-made structure that provided the borrower with funding in Mexican Peso.
WestLB also acted as Syndication Agent with Bank of America on a US$ 300 million Subscription Facility to Walton to be applied in Fund V investments.