Atlantico Capital Partners LLC (“Atlantico Capital”) announced today the closing of a US$ 6 MM equity bridge senior secured facility in Mexican pesos (the “Facility”) for Vehiculo de Participacion Europea, S.A. de C.V., the holding company of TRS Group (“TRS”), a Mexican firm focused in solid waste treatment and waste to energy (W2E) industries with long term concession contracts in Cancun, Merida and Queretaro. The proceeds of the Facility will be mainly used for the acquisition of shares of minority shareholders in the Cancun concession, as well as to finance some capex and operating needs for the concession projects. The Facility was issued at the holding company level that owns the participation in the concession companies.
Atlantico Capital acted as exclusive financial advisor for TRS under the Facility.
The Facility is part of the strategy for the closing of the whole Transaction in which Atlantico Capital is working as exclusive financial advisor to TRS to raise up to US$ 30 MM equity and long term senior debt to cover all financing needs for the concession projects of TRS.