King & Spalding advised HCM Acquisition Corp (NASDAQ: HCMA), a special purpose acquisition company (SPAC), on its business combination with Murano PV, S.A. DE C.V. (“Murano”), a Mexican Development Company. Upon completion of the business combination, which valued Murano at a $810 million pro forma enterprise value, the combined company will do business under the name Murano Hospitality Group. The proposed business combination will permit Murano access to U.S. capital markets to accelerate its growth and finance its development plans.
Murano has extensive experience in the structuring, development and assessment of industrial, residential, corporate office, and hotel projects in Mexico. The company also provides comprehensive services, including the execution, construction, management, and operation of a wide variety of industrial, business, and tourism real estate projects, among others. Grupo Murano has a national footprint and international outreach aimed at institutional real estate investors.
The King & Spalding M&A team consisted of Kevin E. Manz, Tim FitzSimons, Jonathan Talansky, Matthew Dixon, Michael Tyner, John Morris, Catherine Behnke and Savannah Padgett.