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Mexico City, Monterrey
Creel, García-Cuéllar, Aiza y Enríquez, S.C., Alejandro Santoyo, Mexico City, MEXICO

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Alejandro Santoyo

Work +52 (55) 3738 06 17
Creel, García-Cuéllar, Aiza y Enríquez, S.C.

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Alejandro Santoyo is partner in the Mexico City office and member of the Firm’s Executive Committee.  His practice focuses on Tax.

Among others, Mr. Santoyo regularly advises large multinationals banks and global private equity investors and sponsors on acquisitions and investments in Mexico across multiple industries.  Most notably, Mr. Santoyo advised First Reserve and BlackRock in the acquisition of 45% equity interest in Los Ramones Phase II North and Los Ramones Phase II South gas pipelines, which was the first major PEMEX-sponsored midstream asset built in partnership with foreign capital since the approval of Mexico’s historic Constitutional Energy Reform. He also advised AT&T in the sale of its 8% interest in America Móvil for approximately US$5.8 billion and AT&T’s subsequent acquisition of Nextel Mexico for approximately US$2 billion. In capital markets, Mr. Santoyo has advised Riverstone CKD Management Company held the Restricted Public Offering of Real Estate Senior Bond Trusts for a maximum amount of MX$12,500 M and Banco Credit Suisse (México) on its successful initial public offering of 25,500,000 development trust certificates of its second Mexican fund (CS2CK 15). Just recently, Mr. Santoyo advised FIBRA Macquarie on its refinancing program for a total amount of USD$ 685 MM, including a syndicated loan for USD$435 MM from Banamex, Citi and JPMorgan as leading arrangers and USD$ 250 MM from debt securities placed in the international markets.

Mr. Santoyo has been ranked or cited in Taxes by many publications, including: Chambers & Partners, The Legal 500 and World Tax of International Tax Review.


Mr. Santoyo was invited as partner of Creel, García-Cuéllar, Aiza y Enríquez, S.C. in 2014 and previously worked as tax partner of Chevez, Ruiz, Zamarripa y Cía., S.C. for more than 10 years. During the years of 1997 and 2002 he worked for J.P. Morgan as tax vice president with responsibilities in Mexico and other offices in Latin America.


Spanish and English and fluent in Portuguese.


Mr. Santoyo is a member of the International Bar Association, and has been an active member of the Mexican Colleague of Public Accountants, the Mexican Bar Association and the Mexican Broker Dealers Association (AMIB), where he has served as member of their Tax Committees.


Mr. Santoyo was born in Mexico City, Mexico. He received his law degree (JD) from Universidad del Valle de Mexico, his certified public accountant degree (BS) from Instituto Tecnologico Autonomo de Mexico and obtained his MBA degree from The University of Texas at Austin.



Within: Leading lawyers

Alejandro Santoyo - Creel, García-Cuéllar, Aiza y Enríquez, S.C.

Within: Tax

A ‘very strong’ one-stop-shop practice that includes lawyers and some accountants and which provides tax planning, transactional tax advice (including on M&A, private equity, capital markets and financial products), and representation in tax disputes to national and international companies, as well as consultancy and estate-planning services to individuals, Creel, García-Cuéllar, Aiza y Enríquez, S.C. continued its run of impressive mandates. The team acted as counsel to GE Power on the Mexican aspects of the global $3.4bn sale of its water business to Suez, and in another high-value transaction, acted as tax counsel on Banorte’s $1.3bn acquisition of Interacciones. In the context of Magenta Infraestructura’s tender offer for OHL Mexico, in which Santander acted as underwriter, the team advised the latter on developing a structure through which the client could conduct the offer without significant adverse tax consequences in Mexico, advice which involved tax treaty analysis given the cross-border aspects of the transaction. In another deal, a team, led by Alejandro Santoyo assisted Vista Oil and Riverstone with the innovative tax structure required for the efficient functioning of a SPAC investment-vehicle (valued at $650m) upon placement in the Latin American market. The team also worked on two CKD issuances, for Black Creek and Thermion, respectively. In addition to establishing a transfer pricing capability with the May 2017 hire of a number of new team members, including accountant and counsel Laura Frias (a former head of transfer pricing at General Electric and manager of tax planning at Televisa), the firm added another string to its fiscal bow – this time in the social security segment, with the incorporation of Alicia Abundez, formerly a senior associate at Chévez, Ruiz, Zamarripa y Cía SC, allowing the practice to provide (in conjunction with the firm’s employment and labour department) integrated advice regarding payroll structures. Moreover, following the amnesty and repatriation programme launched by the Mexican tax administration in 2017, the firm has strengthened the wealth-management side of the practice, which is led by Santoyo (whose experience includes working with private banking groups in New York and Miami). Other key team members include Jorge Correa, who works closely with Santoyo and led the Black Creek and Thermion CKDs, as well as assisting Grupo Bafar with the $195m issuance by Fibra Nova; and Omar Zúñiga, who represented GE Power on the sale of its water business to Suez as well as advising Rheem Manufacturing on its MXN$3.9bn acquisition of Grupo Industrial Saltillo subsidiary, Calorex. Zúñiga also worked in conjunction with counsel Eduardo Michán (whose practice has an oil-and-gas focus) on Endo International’s $125m sale of Grupo Farmacéutico SOMAR; while young partner Luis Vázquez, who works closely with Santoyo, led advice to Financiera Independencia on a tax inquiry questioning the deductibility of non-performing loans, financial derivatives and unwinding of financial derivatives entered into by the client. Clients include First Reserve, KKR, Cadillac Fairview, Credit Suisse, Deutsche Bank, JP Morgan Chase Bank, Banco Interacciones, American Express, Honeywell, Union Investment Real Estate, Luxottica, The Abraaj Group, Iberdrola, Prudential, Logoplaste, Vista Oil and Gas, ThyssenKrupp, Fibra UNO, RLH Properties, Arroyo Energy, and Nomura Securities.

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