GC acted as counsel to Baja Aqua-Farms and its shareholders


Gonzalez Calvillo, December 13th, 2023 – We acted as counsel to Baja Aqua-Farms – leader in bluefin tuna farming, located in the crystal clear ocean waters of Baja California, México – and its shareholders, in the acquisition by certain Investor Consortium comprised of Cultiba Aqua LLC, affiliated entities of Continental Grain Company – a privately held global investor that invests in leading food and agribusiness companies in public and private markets – Equity Group Investments – a private investment firm founded over 50 years ago by Sam Zell – and Castle Harlan – a New York-based private equity firm that makes equity investments in middle-market companies – of certain equity interest in Baja Aqua-Farms.

The deal was particularly challenging given that Baja Aqua-Farms has underlying assets located in Mexico, the United States and Japan.

As such, the structure was thoroughly negotiated and required adjusting different concepts in order for the transfer formalities under Mexican law to be consistent with a New York Law-Governed stock purchase agreement. Furthermore, the deal was particularly challenging due to the number of legal and financial advisors in the transaction.

Finally, the transaction involved the negotiation and closing of highly complex documents.

Find more details about this coverage here: Global Legal Chronicle.

José Ignacio Rivero Andere


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Jerónimo Ramos Arozarena


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Rodrigo Poumian González


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Héctor Ferrari Ruiz


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Pablo Suárez Martin

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For almost four decades, González Calvillo has challenged the standards and rewritten the full-service firm model with a solution-oriented approach, evolving the practice of law in Mexico. Our firm is driven by the commitment to doing things differently, having a deep knowledge of the Mexican legal ecosystem, and our behaviour and interaction with today’s globalised business environment. That is how over 150 people between partners, counsel, associates, and other business professionals are responsible for making González Calvillo one of Mexico’s leading law firms. Our firm’s services are designed to help clients solve their most complex and challenging legal issues, finding the best solution for each case. By understanding clients’ business culture and strategy, González Calvillo establishes a close and strategic alliance that enables them to achieve more. For more information, please visit www.gcsc.com.mx.

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