General Atlantic to Acquire Equity Stake in Banamex From Citi

Paul, Weiss is advising General Atlantic on its acquisition of an equity stake in Grupo Financiero Banamex, S.A. de C.V., from Citi. Under the agreement, a group of prominent institutional investors and family offices led by General Atlantic will acquire 24% of Banamex’s outstanding common shares at a fixed price of approximately MXN 43 billion ($2.5 billion). The deal is expected to close in 2026, subject to customary closing conditions, including antitrust regulatory approval in Mexico, and is General Atlantic’s largest growth equity investment in Mexico to date.

The Paul, Weiss team is led by corporate partners Matthew Abbott and Cullen Sinclair, and includes tax partners Cian O’Connor, Lindsay Parks and Kyle O’Sullivan.