Mexico City, February 23, 2023 - The law firm Perez Correa Gonzalez (PCG), represented the private equity fund Prairie Capital in the Mexican portion of the global sale of one of its portfolio companies, Architectural Lighting Work (ALW), a leader in providing interior and exterior architectural lighting solutions with LED lights to LMPG Inc, a leader in LED lighting solutions based in Montreal.
With this sale, ALW achieves a horizontal integration with LMPG who in turn will achieve a greater market presence. With the sale, LMPG also acquired 340 Mexican workers at the maquiladora plant in Ensenada, Baja California.
According to the Inter-American Development Bank (IDB), Latin America and the Caribbean could receive in the short and medium term more than $78 billion dollars a year from nearshoring, and Mexico would be the most profitable country, since it could obtain up to $33.5 billion dollars a year from this concept.
The legal team representing ALW was led by Fernando Eraña, partner of the Mergers and Acquisitions Practice, and Eduardo Montenegro, associate of the firm.
The transaction closed on February 15, 2023.