ArtCap Strategies Facilitates USD665mn Financing for Holding Lupo's Acquisition of Interceramic Shares

ArtCap Strategies has announced the successful closing of a USD665 million senior secured financing. This financing was utilized for Holding Lupo Corporation's acquisition of shares in Interceramic, S.A. de C.V. The funds also refinanced existing corporate debt.

Lupo acquired 86.3 million shares, representing 61.2% of the outstanding shares, excluding treasury shares, or 99.76% of the targeted shares. This raised the Almeida family's and Kohler's stake in Interceramic from 38.65% to 99.85%.

ArtCap Strategies has a proven track record in structuring finance across Latin America. This transaction signifies one of the first private credit fund-led take-private deals in Mexico, indicating growth in the financial market of the region.

Víctor Almeida, CEO of Interceramic, praised the strategic and financial backing from ArtCap for enabling the company's growth. Antonio Navarro, Managing Partner of ArtCap, expressed gratitude for the trust placed in them by the Almeida family.