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Greenberg Traurig, S.C.

PASEO DE LA REFORMA NO. 265 PH1, COLONIA CUAUHTÉMOC, MÉXICO CITY, D.F. C.P. 06500, MEXICO
Tel:
Work +52 55 5029 0000
Fax:
Fax +52 55 5029 0002
Email:
Web:
www.gtlaw.com

Mexico

Banking and finance
Banking and finance - ranked: tier 3

Greenberg Traurig, S.C.

Co-led by ‘impressive attorney’ Juan Manuel González and the ‘sharp’ and ‘on-point’ José Raz-Guzmán, the 19-strong practice group at Greenberg Traurig, S.C. is gaining increasing traction in the market. One headline mandate saw González represent Bank of America Merrill Lynch, as financial advisor to Mexico’s Ministry of Communications and Transportation (SCT) on the design, structuring, finance-package design and tender offer coordination of the $7bn Red Compartida 4G mobile network project. The rounded team can call on partners in all key aspects of the practice, including ‘highly visible’ Carlos Garduño for both transactional and regulatory finance work; Hugo López-Coll a recognised bankruptcy and restructuring specialist who also undertakes transactional, private equity and capital markets matters; and ‘classic finance lawyer’ Miguel Flores. Other work saw Garduño assist the firm’s Miami office with representation of Bio Pappel on obtaining a multicurrency syndicated credit facility with an aggregate value of approximately $452m; also on the borrower-side, he and González teamed up to advise Empresas ICA (and its subsidiary concessionaire Autovía Querétaro) on the restructuring of a MXN$5.67bn senior credit facility for the construction of the Palmillas-Apaseo El Grande toll road (in addition to a MXN$900m subordinated facility from national infrastructure fund, FONADIN); and Raz-Guzmán advise lenders Banorte on a MXN$964m toll-road project financing (a sub-sector in which the office is particularly active). Other matters saw Garduño advise BTG Pactual Casa de Bolsa (itself established with the firm’s advice), on the incorporation of the first Brazilian mutual fund operator in Mexico, and on the formation of its first mutual fund, Fondo Alfa Concentrado. Fernando Orrantia and Miguel Yturbe are particularly active in real estate and project financing, respectively, and Antonio Robles Hüe has a broad finance practice with particular emphasis in the heavy industry and financial services sectors. Notable senior associates include José Antonio Butrón and Luis Cortés Panameño. Other clients include Banco PagaTodo.

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Capital markets
Capital markets - ranked: tier 2

Greenberg Traurig, S.C.

Greenberg Traurig, S.C. ‘has always met our expectations’ noted one capital markets client; ‘their attorneys know the laws, know the market and provide solid responses in a reasonable time frame’. ‘Long at the forefront of capital markets work’ office managing partner José Raz Guzman is a recognised market figure and ‘genuine specialist’. Recent mandates saw him lead advice to Citigroup Global Capital Markets, as underwriters, on the acquisition of €1.5bn’s worth of senior notes issued by América Movil; and, in conjunction with Juan Manuel González, advise Morgan Stanley México et al, as underwriters, on Soriana’s $2.4bn tender offer for Controladora Comercial Mexicana (CCM). Subsequently, Raz Guzman and asset securitization specialist Miguel Yturbe advised BBVA Bancomer, as intermediary, in the de-listing tender offer of Tiendas Soriana and associated MXN$1.3bn acquisition of the remaining capital stock of CCM. González is also advising the potential investors on the acquisition of MXN$28bn CKDs to be issued by a trust managed by Mexico Infrastructure Partners II. Other matters saw Miguel Moisés lead advice to Evercore, Banorte and BTG Pactual, as joint book runners on RLH Properties MXN$13bn IPP; and Carlos Garduño represent the holders of 13 series of securitization bonds originated by Hipotecaria Su Casita, on the replacement of Santander Vivienda by Pendulum as the servicer of the portfolios held by seven different Mexican trusts. ‘Diligent’ associate David Argueta is also noted. Clients include ION Financiera, Planigrupo, JP Morgan Casa de Bolsa, Deutsche Securities and Casa de Bolsa BBVA Bancomer.

Leading lawyers

José Raz Guzman - Greenberg Traurig, S.C.

Juan Manuel González - Greenberg Traurig, S.C.

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Competition and antitrust
Competition and antitrust - ranked: tier 3

Greenberg Traurig, S.C.

Jointly led by Víctor Manuel Frías Garcés and Miguel Flores Bernés (a former commissioner at the Competition Commission), the team at Greenberg Traurig, S.C. provides ‘an excellent service’, covering both the contentious and transactional sides of antitrust law. A major highlight was advising Mexico City Airport regarding COFECE’s investigation into the airport’s slots allocation process. The team also successfully represented Grupo Biopappel in challenging conditions initially imposed on its takeover of Scribe.

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Corporate and M&A
Corporate and M&A - ranked: tier 3

Greenberg Traurig, S.C.

Greenberg Traurig, S.C. provides an ‘excellent service’, with a ‘level of sophistication and responsiveness that is definitely setting a standard in the market’. The Mexico office works closely with lawyers in other parts of the firm’s global network, particularly New York and Miami. Teva Pharmaceuticals is a major client of the firm; the firm recently advised it on its $2.3bn acquisition of Mexican drug manufacturer Rimsa, along with a portfolio of products and companies. Another highlight was acting for Mexican healthcare services company Operadora Maximed on its takeover by the Angelus Fund. The team is jointly led by highly rated managing partner José Raz Guzmán and Juan Manuel González. Hugo López Coll is ‘a real asset to any team’ whose ‘level of involvement, knowledge and availability is outstanding’. Víctor Manuel Frías Garcés also comes highly recommended.

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Energy and natural resources
Energy and natural resources - ranked: tier 5

Greenberg Traurig, S.C.

Greenberg Traurig, S.C. is another major international firm making strong inroads into the local energy market. Juan Manuel González leads the team, which is active in major energy-related infrastructure projects, both in the hydrocarbons and power sectors. The firm recently advised Sempra in relation to several separate pipeline bids, notably its successful tender for the El Empalme natural gas pipeline. Of counsel Pedro Reséndez is recommended.

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Projects and infrastructure
Projects and infrastructure - ranked: tier 2

Greenberg Traurig, S.C.

Greenberg Traurig, S.C. enjoys a good reputation in the market for its work for sponsors and lenders, and is backed up by experienced banking and capital markets lawyers. It can regularly be found acting on the country’s more complex projects, covering the energy, telecoms and transport sectors. A recent highlight was advising Mexico Infrastructure Partners on an infrastructure bond issue to finance its participation in the Tabasco to Yucatan pipeline. The firm also represented Bank of America Merrill Lynch as financial adviser to the Mexican Ministry of Communications and Transportation in relation to a competitive tender process for the privately financed nationwide 4G mobile telecoms network. Juan Manuel González heads the team, which includes Fernando Orrantia, Miguel Yturbe and Carlos Garduño.

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Real estate
Real estate - ranked: tier 3

Greenberg Traurig, S.C.

With ‘good market knowledge’ and ‘the capability to resolve issues that arise in the course of a transaction’, Greenberg Traurig, S.C. is ‘a strong participant’ in the real estate sector, particularly on finance-side matters, structuring and complex contractual work. A sometime senior counsel and compliance officer at GE Capital Real Estate, Miguel Moisés’ engagement in the sector is primarily on the finance side; he advised Banco Santander and Banco Bancomer on the MXN$1.3bn financing of the construction of the construction of the mixed-use ‘Manacar’ project; Banorte on the MXN$550m financing of a portfolio of income-generating retail properties; and the MXN$655m financing of the construction of the mixed-use ‘Paseo Central’ project in Chihuahua. Experienced corporate partner Victor Fríás advises Albany International on the ongoing development of its operations in Mexico, with recent matters including the establishment of a new manufacturing facility in Querétaro; counselled Eaton Corporation on the upgrading of its manufacturing facility in San Luis Potosí, including the acquisition of additional land; and is also acting on behalf of Transaction Strategies on a development and construction agreement for a significant real estate project in San Miguel Allende. Other matters saw office managing partner Jose Raz Guzman advise national housing agency, INFONAVIT and Concentradora Hipotecaria (manager of the first Mexican mortgage REIT: FHipo) on a MXN$4.12bn joint mortgage loan securitization; practice head Fernando Orrantia and Antonio A Robles were active in real estate-related renewable energy matters, among other work. Key associates include David Argueta; and specialised real estate associate Elizabeth Tovar is currently undertaking her LLM. Other matters include the restructuring of a condominium regime; the establishment of joint venture agreements, acquisitions and construction finance. Clients include The Related Group.

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Further information on Greenberg Traurig LLP

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Legal Developments in Mexico

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
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