BBVA Corporate & Investment Banking has acted as OHL Mexico's financial advisor and Fairness Opinion issuer on the sale of 24.99% of Organización de Proyectos de Infraestructura (OPI) and Operadora Circuito Exterior Mexiquense (OPCEM) to IFM Investors for nearly 500 million de euros.
With this deal, BBVA has consolidated its position as a benchmark financial advisor in the construction and infrastructure sector. This is its 21st transaction in this industry since 2009. This sale is the largest M&A deal in the history of the highway and transport infrastructure market in Mexico. It is also the first transaction announced by IFM Investors in Mexico.
BBVA's capabilities have been crucial to the success of this deal, both for its experience in the infrastructure sector and strong capabilities in Mexico, and for the wide range of financial advice offered, including the design of the process, valuation, structuring of the transaction, preparation of the marketing materials, coordination of due diligence and advice during the negotiation stage.
This transaction represents a milestone for the various parties. OHL Mexico has strengthened its financial position to invest in other projects in Mexico with attractive returns, crystallized the value of Conmex and generated value for its shareholders, as part of its strategy of mature asset rotation. For IFM Investors, it represents a unique opportunity to invest in a highly strategic, top-level asset in operation in the toll highway market in Mexico, a key geographical region for the company's investments.