March 13, 2018 |
Promecap has set terms ahead of its special purpose acquisition (SPAC) IPO in Mexico, offering 30m units for $10 apiece.
The $300m equity offering will be used to invest in Mexico's consumer and services sectors, sources have said.
Bank of America Merrill Lynch and JPMorgan aim to price the sale on March 22. Leads are conducting investor meetings this week in Mexico, before heading to the US and Canada on Thursday and Friday, sources said.
The private equity fund picked the two banks in December
Mexican investor targets $300m from IPO, commences roadshow in Mexico and the US this week, sources