Firms To Watch: Banking and finance

A high degree of specialisation and focus on the fintech segment is the calling card of Calatrava Consultores, which opened its doors in 2022 under the leadership of Héctor G González and provides legal compliance support to fintech companies and traditional financial institutions as regards technology, open banking, smart contracts, intelligent finance and other financial innovations.
Founded in 2011, Sequelis y Asociados, S.C. advises financial institutions and corporates and demonstrates particularly strong knowledge of the agribusiness, real estate, energy and telecommunications sectors; Héctor Sequelis is the name to note.

Banking and finance in Mexico

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

Creel, García-Cuéllar, Aiza y Enríquez, S.C. is widely acclaimed as one of the market's undoubted heavyweights, not least in the field of banking and finance. Renowned rainmaker Carlos Aiza, who has an impeccable track record of activity in this area, heads the department, which boasts a stellar client roster consisting of a mix of international and domestic lenders, borrowers and financing entities, who seek out the practice for its expertise and ability to navigate a broad array of transactions. Of late, the team has handled complex structured financings, restructurings and DIP financings; cross-border, local single-bank and syndicated loan facilities; acquisition, structured and maritime financings (secured and unsecured), and high-level restructurings, project finance and derivatives operations. The sizeable practice counts a number of other prominent practitioners in its ranks, including Giovanni Ramírez Garrido, who has a focus on real estate lending and other asset-based lending transactions and has a particular experience in agro-sector loans; managing partner Pedro Velasco, who advises clients on a wide range of secured and unsecured financings, across several industries; Rodrigo Castelazo (banking, finance, bankruptcy, capital markets and private equity); Mercedes Haddad and Eduardo Flores (who both handle banking, finance and capital market matters). Up-and-coming figures include younger partner Emilio Aarún (asset-backed, mezzanine and structured finance; real estate, corporate and project finance, payroll loans, workouts and finance regulatory); and Alejandro Isaac, who was promoted to the partnership in January 2022. Former counsel Víctor Gallegos moved to Cervantes Abogados in July 2021.

Practice head(s):

Carlos Aiza

Testimonials

A professional, fast, committed team with full knowledge of the banking and financing sector. Among their greatest skills are their speed and their interest in completing transactions without unnecessary discussions or ego fights.’

They inform the client in a clear way and give them all the options for decision making, helping them to reach agreements that benefit both parties. Pedro Velasco and Alejandro Isaac are two of its prominent members.’

The lawyers show a solid preparation in the matters they advise the company on, always with a good disposition. Alejandro Isaac, Pedro Velasco, and Giovanni Ramírez.’

The team differentiates itself from other advisors by handling matters efficiently, segmenting matters according to area of expertise and maintaining integrated communication between the teams.’

Highly competent in terms of technical skills, negotiation and interpersonal relations.’

‘Extremely diligent team in the execution of syndicated and structured credits. Very good level of coordination with external counterparties for smooth and efficient execution.’

Giovanni Ramírez, Pedro Velasco, and Emilio Aarún are excellent lawyers who understand the sector and offer practical and achievable solutions.’

Key clients

Apollo Global Management

Credit Suisse (Cayman Islands branch)

Metropolitan Tower Life Insurance Company

ABC Group

Commerzbank Aktiengesellschaft

Banco Santander

Diamond (BC)

BNP Paribas

JP Morgan Chase Bank

Wells Fargo Bank

Work highlights

  • Advised Apollo Global Management on a secured super-priority multi-tranche debtor-in-possession term loan facility consisting of a senior secured Tranche 1 facility of $200m, and a senior secured Tranche 2 facility of $800m, the latter of which may be converted – at the lenders’ option – into shares of the reorganised borrower.
  • Advising Diamond and BCPE Diamond Mexico Holdco in connection with: a $500m 4.625% Senior Notes issue (due 2029) made by the company on September 29, 2021 and fully and unconditionally guaranteed, jointly and severally, on a senior unsecured basis by it’s direct parent, BCPE Diamond Netherlands and subsidiaries, existing and subsequently acquired.  
  • Advised FIBRA Prologis in connection with a $400m unsecured, committed and sustainable line of credit with a syndicate of eleven banks, led by Citibanamex.

Galicia Abogados S.C.

Regarded as a topnotch alternative when it comes to banking and finance matters, Galicia Abogados S.C. appeals to clients – including international and local lenders and borrowers – for the depth and strength of its robust department, which has proven experience handling cross-border syndicated transactions; teaming up with the firm’s M&A team for acquisition finance; sub-sovereign matters; real estate, projects and infrastructure financings; and regulatory work. The practice has particular expertise as regards the financial service sector itself, along with deep engagement with the retail, hospitality, and food & beverage sectors. The department jointly led by a seasoned partner trio consisting of fintech expert Arturo Perdomo ; Guillermo Pérez Santiago , who is recommended for his expertise in capital markets; and Humberto Pérez-Rocha . Up-and-coming figures include Rodrigo Rivera  (corporate, project and real estate finance, secured transactions, domestic and international financings, debt financing, restructuring, and public sector (state/municipal) financing), and in the firm’s Monterrey office, Rosemarie Mc Laren   (appointed partner in January 2021) who focuses on local and cross border, bilateral and syndicated loans. A solid second line is led by senior associates Lili Abascal  (public financings; local and international financings, refinancing and debt restructuring), and Jorge Javier Mendízabal  (banking, finance, capital markets, with an emphasis on sustainability-linked transactions). However, former counsel Cecilia Rojas moved in house as GC of Altán Redes in September 2022.

Key clients

Citibanamex/Citigroup

BBVA

HSBC

Bank of America

Credit Suisse

Santander

JP Morgan

UBS

Sabadell

IFC

IDB

Morgan Stanley

Scotiabank

Mizuho

Bancomext

Banobras

SMBC

MUFG (Bank of Tokyo Mitsubishi)

Barclays

BNP Paribas

Credit Agricole

Nacional Financiera

Goldman Sachs

Blackrock

Ficade, SOFOM (Promecap)

Coppel

CEMEX

Arca Continental

Grupo Bimbo

Nemak

Work highlights

  • Advised Grupo Bimbo on the renewal of its $1.75bn committed revolving credit facility.
  • Advised the lenders in relation to a credit facility granted to Cemex.  
  • Advised Coppel regarding a $2bn syndicated loan signed with a group of banks.  

Greenberg Traurig, S.C.

A well-coordinated team that perfectly understands the needs of its clients’, Greenberg Traurig, S.C.‘s large banking and finance team has established itself a practice of choice for many national clients, as well as US and other international players doing business in the country, given its expertise handling a wide range of financing transactions. Juan Manuel González Bernal, who is particularly well-versed in project finance transactions; and managing partner José Raz Guzmán, who also acts as co-chair of the international firm’s Latin America practice, sit at the helm of the group. Closely supporting them are a skilled group of partners, including Miguel Moisés, who earns praise for his ‘great disposition and attitude’, and regularly represents lenders and borrowers in structured financings, bilateral and syndicated loans, and on the financing of industrial, commercial and housing real estate projects; Rodrigo Orozco, whose expertise encompasses handling sub-sovereign-debt restructurings and re-financings; José Antonio Butrón and Gabriela Palomino. Additional support at associate level is provided by seniors Ana Acosta (secured lending, mergers and acquisitions, capital markets and general corporate matters); David Argueta (capital markets and financing transactions; general corporate matters) and January-2022 hire Paulina García de León Gómez , who arrived from HSBC.

Testimonials

A well-coordinated team that perfectly understands the needs of its clients. In addition, they know and study each case in depth.’

The team, especially Miguel Moises, has a great disposition and attitude, always ready to solve any obstacle.’

Key clients

Banco Mercantil del Norte

HSBC México

Banco Santander

Scotiabank Inverlat

Autovía Querétaro

Banobras

Mexico Infrastructure Partners

Fibra EXI

Planigrupo Latam

Municipio de Hermosillo, Estado de Sonora.

BBVA

Work highlights

  • Advised Banco Santander México and HSBC México regarding an approximately $100m secured credit facility to Grupo Gigante Inmobiliario.
  • Advised Autovía Queretaro on the refinancing of existing debts through a senior term loan facility under a project finance structure.
  • Advising Banobras on the financing of a simple loan agreement for approximately $200m, granted to ICA Constructora de Infraestructura.

Mijares, Angoitia, Cortés y Fuentes S.C.

Positioned at the forefront of the banking and finance market in Mexico, Mijares, Angoitia, Cortés y Fuentes S.C.'s stellar practice offers a full range of financing types for domestic and cross-border transactions, with a special focus on syndicated loans along with asset, leveraged, project and real estate finance. The infrastructure, energy and real estate sectors constitute core activities for the group, which has also seen an uptick in fintech related mandates, recently. The sizable practice - which regularly represents Mexican and international corporates, banks and other financial entities - has a deep senior bench including notable practitioner Ricardo Maldonado, who is particularly skilled at structuring syndicated loans; along with Manuel Echave and Patricio Trad (both handle banking, corporate and structured finance, and capital markets); Martín Sánchez (capital markets, corporate finance); Francisco Ibañez (banking, finance, capital markets); Pilar Mata (banking; project finance); Ignacio Armida (financing transactions); Patrick Meshoulam (financings; equity, debt and structured securities offerings); and Carlos Jiménez - who was appointed partner in July 2021, and has represented creditors and debtors in a number of financings in both Mexico and the US, including syndicated loans and project finance.

Testimonials

An excellent law firm able to develop an appropriate distribution of responsibilities between partners and associates of the firm. Additionally, they are able to identify commercial opportunities in legal disputes.’

The added value comes from the partners’ supervision and follow-up on the matter and that they always deliver on time and on budget and exceed favourably the results.’

Key clients

Red de Carreteras de Occidente

Konfio

IEnova

Empresas ICA

CitiBanamex

Altum Capital

MetLife

Banco Santander

Organización de Proyectos de Infraestructura

Fintech Advisory

Work highlights

  • Advised Organización de Proyectos de Infraestructura (OPI) on the negotiation and execution of a syndicated loan agreement for up to MX$2,359m granted by Santander Mexico and Inbursa.
  • Advised Red de Carreteras de Occidente on the negotiation and execution of an ESG compliant revolving loan agreement with Banco Sabadell and BBVA Bancomer in order to obtain a senior revolving loan for an amount up to MX$2bn.
  • Advised ECA Liquefaction (part of the Sempra/IEnova group), as borrower, on the negotiation and execution of a secured Credit Agreement of up to $100m with Scotiabank Inverlat.

Nader, Hayaux y Goebel, SC

A recognised market authority when it comes to banking and finance transactions, the 'extraordinary' Michell Nader steers the large practice at Nader, Hayaux y Goebel, SC, which represents a superb list of global banks, financial institutions and corporate clients including Bank of America, Wells Fargo, HSBC, BNP Paribas, Credit Suisse, Barclays, Banamex, BBVA México, Prudential and Metlife, as well as public bodies such as Banobras and Pemex. Praised for its ‘extreme discipline, seriousness and quality of work’, the group handles the ful range of finance transactions, from structured finance and complex securitizations deals, to leasing, corporate lending, real estate finance -particularly for the hospitality sector- and project financing. In addition, the team has recently seen an increase in fintech-related mandates, be it regulatory work or lending transactions. The practice houses numerous other experienced practitioners, notably: Julián Garza, who has a strong background in banking law and financial regulations; Hans Goebel, whose exepertise takes in banking, banking regulatory, structured finance and capital markets; Javier Arreola (project and asset-backed financing; restructurings) and Yves Hayaux-Du-Tilly (banking, banking regulatory, insurance); Eduardo Villanueva, who has a particular focus on real estate finance; and José Humberto Rocha, who has garnered considerable experience acting on financial transactions for a variety of domestic credit institutions and foreign and international financial organisations. Recent developments saw associate Federico Vergara appointed of counsel in May 2022. Former partner Diego Sanchez Villarreal left in February 2021.

Practice head(s):

Michell Nader

Testimonials

Nader has continued to provide the best personalized service during the pandemic. Michell Nader is extraordinary.

Extreme discipline, seriousness and quality of work.’

Key clients

Bank of America

Wells Fargo

HSBC

Metlife

BNP Paribas

Credit Suisse

Prudential

Barclays

BBVA México

CitiBanamex

Scotiabank

Rabobank

Bank of Montreal (BMO)

Banorte

Banco Finterra

Bancomext

Sabadell

Work highlights

  • Advised and represented Banorte, as lender, in the negotiation, structuring and documentation of a secured credit facility granted to Frisa, primarily intended to repay existing debt.
  • Acted as external counsel in Mexico to BNP Paribas in the negotiation, execution and delivery of the Third Amended and Restated Credit Agreement regarding the loan granted to Freepoint Comodities and its subsidiaries.
  • Advised several Prudential entities on the acquisition of $180m notes issued and guaranteed by Vitro and various of its US and Mexican subsidiaries, in a private placement.

Ritch, Mueller y Nicolau, S.C.

To speak of Ritch, Mueller y Nicolau, S.C. is also to speak of proven strength and expertise in the banking and finance area, so it is not surprising that the practice led by experienced partners Jean Paul Farah and Pablo Perezalonso advises an impressive client roster, comprised mainly of financial institutions acting as lenders, and constitutes one of the core areas of the multidisciplinary firm. ‘Experience, practicality, client service, and partner involvement’ are the norm for a group that stands out for its finesse handling a variety of financing transactions, including secured and unsecured credit facilities. Other key members of the Mexico City team include renowned market figure Luis Nicolau and Gabriel Del Valle (both (banking, finance, capital markts and restructuring); and Gabriel Robles, who focuses on financing with a specialisation in capital markets. Key associate support comes from senior  Daniela Solis, who is well-versed in project finance, having represented both developers and lenders in transactions that include toll roads, gas pipeline projects, solar and wind farms, and cogeneration and other power projects. However, longstanding partner Carlos Obregon left the firm in August 2022 after more than 25 years at the firm, as did younger partner José Berrueta, the preceding month.

Testimonials

RM specialises in banking & finance, the firm’s most important practice. This differentiates them significantly from other firms that have it as a secondary area.’

Experience, practicality, client service, and partner involvement. Jean Paul Farah, Luis Nicolau, Pablo Perezalonso.’

Key clients

BBVA Bancomer

Scotiabank Inverlat

Banorte

Banca Afirme

Citibanamex

Walton Street Capital México

KSMV Capital (Luuna)

BNP Paribas

Banco Nacional de México

Banco Sabadell

HSBC México

Banco Latinoamericano de Comercio Exterior

Bancolombia

Banco G&T Continental

Banco General Multibank

Banco Santander México

Citigroup Global Markets

BNP Paribas

Intesa San Paolo

Credit Suisse (Cayman Islands branch)

Glas USA

Deutsche Bank (London branch)

Mizuho Bank

Sumitomo Mitsui Banking Corporation.

Credit Agricole Corporate and Investment Bank

Work highlights

  • Advised BBVA on Grupo Bimbo’s $1,750m revolving loan.
  • Advised América Movil on its $1,500m revolving credit facility.
  • Advised Coppel regarding a MX$40m syndicated loan.

González Calvillo, SC

González Calvillo houses a highly regarded banking and finance department with a solid track record in the Mexican market, which spans customary banking and finance matters from commercial lending, acquisition financing and project finance to regulatory banking work. The group has built a reputable client portfolio, as well as a solid presence across multiple sectors, including oil, gas, and electricity, fintech and the automotive industry. Recent work highlights saw the practice representing JA Mitsui Leasing, as lender, on the granting of a $98m financing for the construction, operation and leasing of a Toyota-branded automotive components manufacturing plant which will be operated by Metalsa. Co-managing partner José Ignacio Rivero Andere, who is particularly skilled at handling cross-border transactions; and José Victor Torres Gómez, whose experience encompasses transnational financings, syndicated loans and leasing work, are the main contacts of the team. Fellow partners Jorge Cervantes Trejo, Rodrigo Rojas Robleda and Daniel Guaida Azar are all also active in the sector, particularly on project finance matters; while Bernardo Reyes Retana K., in turn, handles private and public securities offerings, cross border finance and banking regulatory matters. The name to note at associate level is that of senior Jacinto Ávalos (banking and finance, private equity and capital market). Former partner Juan Manuel Sancho Rodrigo left the firm in March 2022.

Key clients

Altum Capital

Banco General

Benteler International

Citibank and UMB Bank

Grupo México

Grupo Resuelve tu Deuda

HIR Casa

JA Mitsui Leasing

Nordex SE and Nordex Energy México

Tarjetas del Futuro

Unicredit Bank

Work highlights

  • Advised JA Mitsui Leasing on a $98m financing for the construction, operation, and lease of a manufacturing plant in Guanajuato, México, to be operated by Metalsa.
  • Counsel to Tarjetas del Futuro, as borrower, on the MX$1bn first tranche of a large-scale financing granted by Banorte.
  • Advised Altum Capital on the structured financing granted to PCH Servicios Financieros for an amount up to MX$75m.

Jones Day

The Mexican office of international full-service powerhouse, Jones Day, houses a 14-strong banking and finance team comprised of ‘experts in their field’, who represent an impressive list of lenders and borrowers, while also covering a range of transaction types and structures, including acquisition, real estate and aviation finance, as well as asset-based lending and cross-border investments. Manuel Romano, who operates across various industries including energy, manufacturing, automotive and apparel, and also advises financing parties in real estate development projects; and Alberto De La Parra, who has a solid track record advising on project finance, syndicated loans, secured financings and refinancing transactions, sit at the helm of the practice. Javier Martínez Del Campo, who maintains a broad securities and finance practice; José Estandía, who has over 25 years’ experience advising borrowers and lenders, particularly as regards project finance; and Carlos Sámano (debt, equity, and asset-backed securities offerings and tender offers), round out the senior team. Arturo De La Parra, who was recently promoted to of counsel and focuses on a range of cross-border and domestic financing transactions (most notably project finance); and associates Jose Manuel Carrillo and Diego Noriega are other names to note.

Testimonials

Very good performance and professionalism in structuring advanced loans to infrastructure projects and capital markets transactions in Mexico. They are experts in their field.’

Arturo de la Parra and his team have a great availability, they are always willing to help and close the transaction.’

Key clients

Banco Nacional de Comercio Exterior

Grupo Gigante

Banco Nacional de Obras y Servicios Públicos

Banco Santander México

Nacional Financiera

Vitol Electricidad de Mexico

Beel Infraestructura

Invex Infraestructura 4

Banco Sabadell

Wells Fargo

Grupo Financiero Value

Work highlights

  • Represented Bancomext and NAFIN in connection with a $300m bridge loan granted to PTI Infraestructura (a subsidiary of Pemex) with Pemex as joint obligor.
  • Represented Grupo Gigante in connection with a multi-phase refinancing of banking debt, which included the banking debt of Grupo Gigante and its principal subsidiaries.
  • Represented Banco Santander on the refinancing of a credit facility granted to Abent 3T, for the development of a 220MW cogeneration plant located in the state of Tabasco, Mexico.

Mayer Brown Mexico, S.C.

Mayer Brown Mexico, S.C.’s Mexican banking & finance practice continues to represent renowned financial institutions lending in the region, and has also augmented its notable track record regarding acquisition and project financing, refinancing and restructurings. The group, which is praised for its ability to ‘innovate at all times’, has also established itself as a solid option in the fintech segment, especially for structured finance transactions. Raúl Fernández-Briseño, who has a focus on structured finance and is recommended for being able to think through issues when deals get stuck and come up with simple, logical fixes’; energy specialist Ariel Ramos; Francisco García-Naranjo, who reinforced the team with his arrival from White & Case S.C. in July 2021; senior counsel Jan Boker; and ‘detail-oriented’ associate Pablo Solórzano, are the key contacts of the team. Moreover, the practice works seamlessly with the firm's international network of offices, which gives it a significant punch when it comes to handling cross-border work. Former associates Aldo Jáuregui and Julio Martínez left in June and September 2021, respectively.

Testimonials

Experienced team in secured, leveraged financings in Mexico.’

Raul Fernandez can clearly think through issues when deals get stuck and come up with simple, logical fixes. Pablo Solórzano is detail-oriented, gets concepts quickly and can control the critical path on getting deals done.’

The Mayer Brown team listens to the client and manages to innovate at all times. The partner is always present on calls.’

Good pricing, attitude, and availability of the partner. Raul Fernandez Briseño and Pablo Solórzano are always present.’

Key clients

BCP Securities, Credit Suisse Securities USA and Jefferies

Goldman Sachs

Alloy Merchant Finance

Scotiabank Inverlat

The Bank of Nova Scotia and Scotiabank Mexico

Sumitomo Mitsui Banking Corporation (SMBC)

Proteak UNO

HSBC México

COVALTO

Banco Finterra

Banco Santander

APJUSTO

Work highlights

  • Represented Goldman Sachs in a $50m whole loan purchase with Red Amigo Dal.
  • Advised Bank of Nova Scotia on a $370m loan to Prolec GE for the acquisition of 100% of SPX Corporation Transformer Solutions.
  • Represented Jefferies Group, BCP Securities and Credit Suisse Securities (USA), as initial purchasers of a $500 million issuance by Mexico Remittances Funding Fiduciary Estate of Series 2021-1 fixed rate notes secured by a remittances from Nueva Elektra del Milenio.

Santamarina y Steta

Praised for the ‘excellent quality’ of his work, as well as for his ‘unparalleled depth of market knowledge’, practice-head Juan Carlos Machorro steers the banking and finance group at full-service firm Santamarina y Steta, which is well known for its strength in corporate and project finance, regularly representing both financiers and borrowers. Machorro is closely supported by partners Alberto Saavedra, a veteran figure with some 35 years' experience in securities, banking and finance, capital markets, foreign investment and project finance; and Sergio Chagoya, who offers additional expertise advising government entities, and handles a variety of financial transactions, including private equity and venture capital in relation to infrastructure projects, public offerings, securitisations and privatisations. Further expertise is provided by a solid pair of younger partners, namely Diego Ostos (banking and finance, capital markets, project finance and government procurement); and Ricardo Orea, who has particular experience advising on the financing of infrastructure projects in the energy and transport sectors, and on other asset-backed financing transactions. Promoted to counsel in January 2022, Margarita Casarin is another name to note.

Practice head(s):

Juan Carlos Machorro

Testimonials

Extensive knowledge of the subject and good team player. Mastery of banking issues, excellent negotiation skills, and friendliness.’

Juan Carlos Machorro and Alberto Saavedra offer excellent quality and unparalleled depth of market knowledge.’

Great professional ethic, conscientiousness, attention to details, and responsiveness.’

Tailored and bespoke service, versatile and adaptative approach, top-notch problem solving and actionable approach.’

Key clients

International Finance Corporation (IFC)

Société de Promotion et de Participation pour la Coopération Économique (Proparco)

Sumitomo Mitsui Banking Corporation (SMBC)

Deutsche Investitions-und Entwicklungsgesellschaft (DEG)

MUFG Bank

Oikocredit Ecumenical Development Cooperative Society

Multibank Panamá

Oesterreichische Entwicklungsbank (OeEB)

Trinity Capital Partners Corporation

Banco Nacional de Obras y Servicios Públicos (Banobras)

Work highlights

  • Advising Banco Santander on the restructuring of a loan originally granted to Trituradora y Procesadora de Materiales Santa Anita as borrower and Elementia as guarantor.
  • Represented IFC and Proparco regarding the refinancing of a credit facility originally granted in 2017 to Proteak Uno and its subsidiaries in Mexico, Colombia and Costa Rica, following default by the obligors during the course of the Covid-19 pandemic.
  • Advised Trinity regarding Tranche Three of a credit facility granted in favor of Orla Mining.

White & Case S.C.

A renowned full-service giant with a respected Mexican banking and finance practice. White & Case S.C. has established itself as the firm of choice for a number of top-notch global and national financial institutions, as well as for well known domestic corporate entities. The group continues to act in significant transactions for both lenders and borrowers, as evidenced by its recent work for Citibanamex, as agent, on a $240m unsecured syndicated credit facility granted to Ragasa Industrias; and for Braskem Idesa on the refinancing of its circa $1.35bn project finance debt. Following the untimely passing of Vicente Corta in May 2022, the department is now led solely by Juan Antonio Martín, who has a strong focus on syndicated loans and asset-backed financings. María Teresa Fernández Labardini brings particular expertise in fintech matters to the practice; Manuel Groenewold focuses on capital markets, banking, bankruptcy/insolvency and project finance; while Carlos Mainero‘s practice is centred on bank finance and finance regulatory matters. Up-and-coming figure Andrés Mosqueira advises on bank finance and financial regulatory matters, and has a particular focus on the asset management industry, payment systems, pension funds and securities regulatory matters. At associate level, seniors Carlos González (financial regulatory, banking law, fintech and capital markets), Rebeca García López (local and cross-border debt and equity financings), and Fernando Vázquez-Chelius Solís (structured, acquisition and private equity financings; syndicated and bilateral loans, bridge loans and debt restructuring) are the names to note.

Practice head(s):

Juan Antonio Martín

Testimonials

‘It is a solid team, well structured and with great experience.

‘Juan Antonio Martín, Teresa Fernandez Labardini and Carlos Gonzalez are simply extraordinary.

‘What makes them unique is the high level of experience, knowledge and relationships of partners and associates in this area, always willing to listen to needs including billing.

‘Vicente Corta and María Teresa Fernández Labardini, have an extraordinary treatment, perfect understanding of the issues, they are open and always have the best disposition so that things go well and in the shortest possible time. I know that with them I cannot be in better hands.

‘It is a highly competitive team with experience and good elements.

‘Juan Antonio Martín’s service is exceptional in terms of knowledge, kindness and response times.

‘An industry leading team.

‘Juan Antonio Martín has a solid financial analysis capacity, and an exceptional understanding of the risks and critical aspects of the business. He is able to anticipate the needs of the client.

Key clients

Braskem Idesa

Citibanamex

Morgan Stanley

Santander

Banorte

Bayport Management

Premium Restaurant Brands

Nelo

Active Leasing

Afuenta

JP Morgan Mexico

Institución de Banca Múltiple

Work highlights

  • Represented Braskem Idesa on the refinancing of its $1.35bn project finance debt.
  • Represented JP Morgan Mexico and JP Morgan Grupo Financiero on the divestiture of its Mexican private banking business.
  • Represented Citibanamex as administrative agent (thorough its trust division), and as lead arranger and lender, on a $240m syndicated credit facility granted to Ragasa Industrias.

Chávez Vargas Minutti Abogados

Chávez Vargas Minutti Abogados banking and finance group represents clients in a range of financial transactions, including the structuring of all types of financing arrangements. Although the team usually acts for the lending banks, it also represents borrowers and has well-known niche expertise representing states and municipalities. A reliable Mexico City-based partner-trio comprised of Brian Minutti, who of late has focused on structured finance deals; public finance specialist Jose Antonio Chávez; and Alejandro Carreño, who mainly works with financial institutions and has established a fine track record in real estate financings, co-head the practice. Associates Diego Medina (structured credit transactions, syndicated loans, debt restructuring, and private and public bidding processes) and Jimena Pulliam (private securities offerings and complex financial operations -including the instrumentation of vehicles for specific purposes- trusts and guarantees) offer key support. The group also regularly acts for a number of rating agencies authorised in Mexico.

Testimonials

‘The lawyers, managers, directors and partners demonstrate extensive experience in all these matters as well as in closing financing. As the main differential, the team gives priority to our projects, answering each call or each issue, which facilitates communication and, in the end, the closing of the financing.’

‘They have extensive experience in preparing credit agreements, trusts and financing closings, this makes them support us in the negotiation or with recommendations that facilitate the operation.’

Key clients

Podemos Progresar

FOVISSSTE Renova

ION Financiera

Ameris Capital

Banco Santander Mexico

Banco Nacional de Comercio Exterior

Hy Cite México

State of Baja California

Norson Holding

Work highlights

  • Advising FOVISSSTE on the implementation of a public program to provide workers with loans for home improvements.
  • Advised Chilean Fund Manager Ameris Capital on its soft landing in Mexico and in its first ever cross border transaction in México.
  • Advised the State of Baja California on the document drafting and implementation of a bidding process aimed to secure a credit facility with certain financial institutions.

Garrigues

The international Spanish firm Garrigues continues to consolidate its position in the Mexican banking and finance sector with a skilled practice that is primarily centred on project and structured financing, commercial bank lending and regulatory matters, as well as ongoing operational advice to banks and multilaterals with their activities in Mexico. Mario Juárez, whose expertise takes in secured and unsecured loans, project finance and infrastructure projects, M&A and equity investments, heads the 15-strong group, which was reinforced in August 2021 with the arrival of counsel Leopoldo Fragoso from Ritch, Mueller y Nicolau, S.C. Partner Gabriela Pérez Sierra, who specialises in energy and infrastructure finance; and senior associate Carlos Eduardo Gómez, are additional key contacts of the team. However, principal associate Daniel González left the practice in June 2021.

Practice head(s):

Mario Juárez

Key clients

International Finance Corporation

Blue like an Orange Sustainable Capital Fund

DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH

UniCredit Bank AG

Mezzanine Mexico Uno

Servicios Compresión de Gas CA-KU-A1 (affiliate of Grupo ACS).

Beel Infra

Goldman Sachs International Bank, Skandinaviska Enskilda Banken

Inter-American Investment Corporation

IKB Deutsche Industribank

Industrializadora Integral Del Agave

Corporación Andina de Fomento

Santander (Hong Kong branch)

MNJ Capital

El Fuerte Group

Avenger Flight Group

Jason Group

Macquarie

Banco Nacional de Obras y Servicios Públicos

Work highlights

  • Advised Goldman Sachs, as part of a syndicate of banks also consisting of Skandinaviska Enskilda Banken, HSBC Bank and ING Belgium, on granting financing to Oriflame Investment Holding and other subsidiaries of the Oriflame group.
  • Assisted Grupo Antolin with the issuance of a seven-year senior secured bond for €390m; the transaction was led and executed by Deutsche Bank.
  • Assisted The iidea Company on the issue of guaranteed senior notes (due 2029), for a total principal aggregate amount of $60m, which were issued under the US Securities Act and guaranteed by Mexican and US subsidiaries of the client.

Hogan Lovells

Seamlessly integrated into the office network of the international full-service giant, Hogan Lovells‘ Mexican banking and finance practice boasts a solid footprint both in Mexico City and Monterrey, where department-heads Federico De Noriega and René Arce are respectively located. De Noriega, who is closely backed by experienced counsel Aldonza Sakar, has an excellent track record advising both lenders and borrowers regarding cross-border financing, project finance and asset-backed loans; while Arce is well-reputed for his skills handling regulatory and transactional work, with a particular emphasis on sub-sovereign finance. Recent work highlights of the group include representing the US International Development Finance Corporation in relation to a $100m loan to Crédito Real.

Practice head(s):

Federico De NoriegaRené Arce

Testimonials

‘The team is very knowledgeable about the evolving fintech laws and how they are applied. They also operate flexible billing policies, which is especially helpful for tech startups. They are vocal advocates and very active online with regard to diversity. In addition, they have become great champions of our solution!

‘René Arce provides strategic business advice in addition to legal services. This is a big added value, especially for a new business in an emerging sector (fintech). René also helps with business development by making intros to potential investors and business partners.’

Key clients

US International Development Finance Corporation

Banco Santander

MGM Innova Capital

Mercado Lending

BNP Paribas

International Finance Corporation

Inter-American Investment Corporation

Credit Agricole

Grupo Valoreo and Valoreo Inc

Work highlights

  • Represented US International Development Finance Corporation on a $100m loan to Crédito Real.
  • Advised IDB Invest and Banco Popular Dominicano on providing a $200m financing to Grupo Piñero.
  • Advised Valoreo INC on its $50m equity and debt seed financing round.

Holland & Knight

Holland & Knight LLP's banking and finance practice, which appeals to clients for making ‘things happen successfully’, is led by the ‘passionate and knowledgeableAlejandro Landa, who has experience representing Mexican and foreign companies, as well as financial institutions, in a range of financial transactions - including domestic and cross-border financings, project finance, asset-backed and future-flow securitisations, and leveraged leasing. The firm's August-2021 merger with Thompson & Knight has enhanced the group's capabilities in industries such as energy, financial services, real estate and hospitality, and nurtured the team with new talent such as Monterrey-based senior counsel Alejandro A. Sánchez Mújica. Guillermo Uribe, who is particularly well-versed in capital markets mandates, and heads said practice in Mexico; and senior associate Aldo González, who earns plaudit for being ‘detail oriented’, are other names to note.

Practice head(s):

Alejandro Landa

Testimonials

H&K Mexico is passionate and committed to impact. They have gone above and beyond to support our work. Regardless of urgent deadlines, incomplete info or other challenges, they continue to make things happen successfully.’

Alejandro Landa is committed, passionate and knowledgeable. Aldo González is detail oriented, passionate and knowledgeable.’

Key clients

BHP

Technip Energies

UMB Bank

Talos Energy/Wintershall Dea/Harbour Energy (Premier Oil)

BHP Group

Quarternorth Energy (formerly Fieldwood Energy)

Fibra Uno

Community Investment Management

Banco Multiva

Banco Nacional de Obras y Servicios Públicos, Sociedad Nacional de Crédito, Institución de banca de Desarrollo

Banco Santander México

Wilmington Savings Fund Society

Wells Fargo Capital Finance / Wells Fargo Bank – Supplier Financing Program

Banca Mifel – institución de Banca Múltiple (Grupo Financiero Mifel)

Work highlights

  • Assisted BHP with corporate governance and secretarial matters related to the sale of its interests in the Eagle Ford, Haynesville and Permian Onshore US oil-and-gas assets to BP America Production Company for $10.5bn.
  • Advised Technip Energies (and its Mexican affiliate) on its participation as master contractor in the engineering, procurement, and construction project of the largest LNG project in Mexico, in Ensenada, Baja California.
  • Advised UMB Bank, as administrative agent and collateral agent, on a debtor-in-possession (DIP), multi-tranche, delayed draw term loan facility valued at $1bn.

Kuri Breña, Sánchez Ugarte y Aznar

A popular choice for lenders and borrowers alike, Kuri Breña, Sánchez Ugarte y Aznar's seasoned department has developed a competitive structured and asset-backed finance practice, and is also recommended for its expertise in project and real estate-related financing. The group offers additional experience representing Mexico’s development banks, mainly thanks to the expertise of Rodrigo López. He, together with Alejandro Sobarzo (project finance); Álvaro Sarmiento (structured finance); and Guillermo Garay (financial restructuring transactions, syndicated loans, bilateral loans and cross border financing), comprises the four-partner team fronting the practice. Founding partner Daniel Kuri Breña, and senior associate Silvia Roldán provide additional key expertise.

Key clients

Crédito Real

Vitro

Mexarrend

Banco Itaú

Promecap

BMO Harris Bank

Mexarrend

Banco Nacional de Comercio Exterior (Bancomext)

Mexarrend

Altum / CKD RF

Altum / Lynx

Work highlights

  • Acted for the consortium formed by Crédito Real and two investment funds managed by Promecap and CS2CK15 on the acquisition of a package of accounts receivable arising from credits granted by Banco Ahorro Famsa, currently undergoing court-ordered liquidation.
  • Advised Vitro and certain of its subsidiaries on the structuring and negotiation of an unsecured credit agreement for the amount of $150m granted by BBVA Bancomer.
  • Advised Mexarrend on the structuring and negotiation of a credit agreement for the amount of MX$3bn granted by certain lenders party thereto, and whereby Credit Suisse (Cayman Islands branch) acted as administrative agent.

Robles Miaja, SC

Founding partner Rafael Robles, a reputed market player with vast experience in the finance and securities areas, sits at the helm of Mexican boutique Robles Miaja, SC. The firm enjoys a solid track record working with both lenders and borrowers, and can boast considerable cross-border capabilities and expertise handling syndicated loans. Partners María Luisa Petricioli Castellón and Gerardo Pérez-Chow are other key figures at a compact practice that works with a handful of core clients and a number of important financial institutions.

Practice head(s):

Rafael Robles

Work highlights

  • Advised América Móvil, as borrower, on a $1.5bn-equivalent, euro-denominated revolving credit granted by Citigroup, Global Markets, BBVA, BNP Paribas and Intesa Sanpaolo.
  • Mexican counsel to major real estate developer Grupo GICSA on the $150m financing to one of its subsidiaries for the refinancing of the underlying loans of Arcos Bosques.

Baker McKenzie Abogados, S.C.

Lorenzo Ruiz de Velasco and Gaspar Gutierrez-Centeno helm Baker McKenzie Abogados, S.C.‘s Mexican banking and finance practice, which offers a tremendous punch in cross-border transactions involving several jurisdictions, and regularly advises lenders, borrowers, arrangers and guarantors – particularly in relation to the real estate, infrastructure and energy sectors. Fintech specialist Alfonso Martínez-Bejarano, who also boasts an established track record in regulatory compliance and real estate finance; and Monterrey-based senior associate Michelle Pfeffer, who has developed solid experience in lending, project finance, domestic and cross-border credit transactions and financial regulatory issues, are additional names of note. The team was reinforced in April 2021 with the arrival of Diego Sanchez Villareal who joined from Nader, Hayaux y Goebel, SC.

Key clients

Weatherford International

PetroBal Upstream Delta 1

GE Energy

DeepOcean Group Holding

Rhône Capital V

Taylor-Listug

Banco Nacional de Obras y Servicios Públicos, IBD and Nacional Financiera

International Automotive Components

Japan Bank for International Cooperation

OCIM Precious Metals

Work highlights

  • Assisted Weatherford International with the restatement of Mexican security interests in order to secure Weatherford’s obligations under a $500m issuance of senior secured first lien notes (due 2028).
  • Advised PetroBAL on a $250m reserve-based lending transaction with an additional $125m accordion, in order to fund PetroBAL’s share of the development costs related to Mexico’s Ichalkil Pokoch field.
  • Advised GE Energy on a two-tier credit facility (the first of which is for $650,000 with an option for up to circa $250m) to Eolica AV, a Mexican wind power projects’ developer.

Bello, Gallardo, Bonequi y García, S.C.

Bello, Gallardo, Bonequi y García, S.C.‘s banking and finance department is recommended for having a ‘very professional team that knows the particularities of the Mexican financial system’, and known for it’s strong lending institution-side client roster (both local and international) particularly as regards regulatory mandates. Miguel Gallardo Guerra, who is praised for his regulatory expertise and for offering ‘high quality solutions’, co-heads the department together with the recently appointed Javier Pérez Moreno, who is experienced in fintech, banking, insurance, and health (among other sectors), and has of late been advising clients in matters related to cryptocurrencies. The practice endured the departure of former of counsel Adolfo Hegewisch at the end of 2021, but was reinforced -in turn- with the March-2022 arrival of Juan Manuel Sancho from González Calvillo, SC, whose expertise encompasses structured, project and acquisition finance, as well as restructuring.

Testimonials

They have a very professional team that knows the particularities of the Mexican financial system and its relationship with the tax practices of the tax authority. Their recommendations not only comply with the legal requirements, but also help to prevent possible requirements from the tax authority.’

Personal attention and attention to detail.’

Quick and efficient responses to clients’ queries.’

Miguel Gallardo has a great macro and micro understanding that allows him to advise and deliver high quality solutions at a very reasonable cost.’

Key clients

AirBnB

Alternativa Financiera Prosesa

Amicorp México

Banco Inmobiliario Mexicano

CitiBanamex

Banco Santander

Banco Mercantil del Norte

MUFG

Bloom Emprendedores

Braskem México Proyectos

Crecer Solución Inmediata

Credit Suisse

Crédito Especializado Stándar

Crédito Real

Daimler Financial Services

Deutsche Bank México

Deutsche Securities

Elektra

Element

Engenium Capital

Finalux

Fincrece

Impulso Crediticio Empresarial

Industrial and Commercial Bank of China Mexico (ICBC)

Mercado Libre

Morgan Stanley México, Casa de Bolsa

Multi-Apoyos de Capital

Mutua Altiplano

Palace Resorts Capital

SAB Capital

Servicios Liquick

UBS Asesores México

Vinta Capital

Vision F México

Evo Payments

Banco Multiva

Volkswagen Leasing

Femsa

Nu Bank

Pagsmile

HDF Energy

Medius Collection

Merceron Capital

Rianta Capital Zurich

World Quest Holdings

Federación Mexicana de Futbol

Pemex

Drip Capital Mexico

Apoyo a tu Economía

Cacao Paycard

Garnet24

Prosa

Banco Azteca

Elektra

Satoshi Portal

Work highlights

  • Assisted Citibanamex with a review and update of internal policies, the preparation of corporate documents of the financial group and charts related to regulatory matters.
  • Advising Deutsche Bank in regulatory matters during its sale process in Mexico, including preparation and implementation of anti-money laundering provisions, and compliance with Mexican financial authorities – such as the National Banking and Securities Commission.
  • Providing corporate and banking legal audit services to Banco Santander on an ongoing basis.  

CMS Woodhouse Lorente Ludlow

CMS Woodhouse Lorente Ludlow's practice advises across the full spectrum of transactional and regulatory banking and finance work, regularly acting for a number of leading banks, other lenders and major corporates on a variety of matters. The group, which is fully integrated into the firm's international network of offices, remains well known for its solid track record in project finance, and its prowess handling regulatory work, drawing on the expertise of practice-head Raúl Zepeda, who specialises in financial regulatory mandates. Project finance expert, César Lechuga, who is particularly experienced in real estate infrastructure projects, is another key contact of the team. However, senior associate Héctor González Martínez left the firm to join Calatrava Consultores in January 2022.

Practice head(s):

Raúl Zepeda

Testimonials

I consider the CMS team to be experienced in the sector, and their recommendations have been favourable to our company, in conjunction with our business objectives.’

They respond and resolve issues promptly, as well as addressing issues as a matter of priority.’

Key clients

Operadora de Pagos Móviles

Bankaool

Tu Dinero Digital

Scotiabank Inverlat

BanCoppel

Casa de Bolsa Banorte, Grupo Financiero Banorte and Banco Mercantil del Norte (Banorte)

Grupo Indi

Davidson Kempner European Partners

Banco Nacional de Comercio Exterior

Banco Inbursa

Work highlights

  • Assisting Operadora de Pagos Moviles commence operations in Mexico as a Mobile Devices Clearing House (Cámara de Compensación de Transferencias a Través de Dispositivos Móviles) under regulation 3/2013 issued by the Central Bank of Mexico (Banco de México).
  • Assisted NAFIN (in its capacity as creditor and structuring agent) and Banobras with the implementation of a financing in favor of Mota-Engil México.  
  • Advising Banorte on the due diligence process regarding its provision of a major MX$300m loan for capital expenditure, working capital, acquisition financing, commissions payments and associated issues, provided to MXT Condor DAS and MXT Eagle Towers.

Creel Abogados, SC

The banking and finance practice at veteran firm Creel Abogados, SC, represents both creditors and borrowers on a variety of financings, including secured and unsecured transactions, acquisition and structured finance, and the syndication and securitisation of loans, as well as the structuring of security packages. Banks, non-bank financial institutions and other regulated entities account for a notable portion of the group's client roster; the team also assists with  day-to-day operational activities and regulatory compliance. Key contacts include senior partner Carlos Creel, whose banking and capital markets expertise includes handling secured financings and syndicated loans, as well as public and private offerings; Gustavo Struck; who undertakes syndicated lending and secured finance, and has a  particular focus on advising non-bank banks and private funds on their transactional work; and Alfonso Razú, whose practice is centred on corporate finance and syndicated loans.

Practice head(s):

Carlos Creel; Gustavo Struck

Key clients

Apollo Capital Management

Navistar Financial

Daimler Financial Services

Altum

Financiera Auxi

A55

BAC Florida Bank

Fifth Third Bank

Siete Leguas

Creze

Work highlights

  • Advised GTM Holdings on the refinancing of its syndicated facility led by Citibank.
  • Represented Fifth Third Bank in a financing and further acquisition of receivables with GST Automotive Safety Components International.
  • Advised Siete Leguas on a structured loan agreement with Glisco Partners IV.

Cuesta Campos y Asociados S.C.

Cuesta Campos y Asociados S.C. is distinguished by its solid expertise in asset-based lending, as well as in M&A matters with a strong financial component. The practice led by Hugo Cuesta and Azucena Marin – which operates from the firm's offices in Guadalajara, Mexico City and León, and boasts particular expertise in the automotive, manufacturing, financial and real estate sectors – is a recurring choice for foreign banks and lenders doing deals in Mexico, and also acts as co-counsel with prestigious international firms. Mexico City-based senior associate, Andrés Urquidi, focuses his practice on the structuring and negotiation of financial transactions, including  security structures for companies in the energy sector and infrastructure projects.

Practice head(s):

Hugo CuestaAzucena Marin

Key clients

Grupo Multitel

Bank of America

Barclays Bank

GLD – SPDR – Gold Shares

Centier Bank

DMI Capital

Canadian Imperial Bank of Commerce

Silverpeak

Grupo Multitel

Work highlights

  • Advised Grupo Multitel on the negotiation and structuring of a DIP Financing that will be used to fund operations during insolvency and restructuring procedures.
  • Advised Bank of America on the drafting of termination and release agreements regarding several security interest and pledge agreements as part of the paying-off of a loan.
  • Advised Barclays Bank regarding the granting of an ABL credit agreement, requiring the execution of security instruments, intercreditor agreements and guaranties of a US corporate group and its affiliated entities in Mexico.

DLA Piper Mexico

DLA Piper Mexico's relatively young practice continues with its developmental roadmap to establish itself as a major force to be reckoned with in the local Mexican market, with a sizeable January-2022 influx from White & Case S.C. attesting to its progress. The banking and finance practice, in particular, has strengthened its capabilities in project finance and public-private partnerships with the arrival of Roberto Ríos. He joins a team co-led by Edgar Romo, who represents financial institutions and debtor companies regarding local and international credit facilities, structured finance, project finance, securities offerings, and restructurings; and Diego Martinez, who has extensive experience in banking and securities' financings. Senior associate Adolfo Obregón, and associate Javier Pichardini provide key support to the group. Counsel Manuel Hallivis left in February 2022.

Practice head(s):

Roberto RíosEdgar Romo

Testimonials

The team has a sound practice in banking and finance and are decent competitors of ours.’

Friendly to work with and very pro business.’

Key clients

Crédito Real

Banco Latinoamericano de comercio Exterior (Bladex)

Alsea

Transtelco Holdings, Incand its Mexican subsidiary, Transtelco Acquisition III

Gentera

US International Development Finance Corporation (DFC)

Banco Mercantil del Norte (Grupo Financiero Banorte)

Work highlights

  • Advised Crédito Real on its international issuance of $500m senior notes (due 2028), under its $1.5bn medium-term Note Program.
  • Advised Bladex on its issuance of MX$3bn pesos in debt securities in the form of Certificados Bursátiles.
  • Advised Alsea on its agreement with Alia Capital Partners and Bain Capital Credit to jointly invest in a 21.1 % minority stake in Alsea Europe.  

Von Wobeser y Sierra, SC

Von Wobeser y Sierra, SC's banking and finance department ‘excels in performance and experience’, and undertakes a range of matters including regulatory work, financial transactions, project finance, and credit and debt restructurings. Clients engaged in the payment cards and merchant acquiring industry in Mexico also seek out the group for its particular expertise in this area. A well-balanced duo comprised of seasoned partner Luis Burgueño, who earns praise for his ‘excellent financial expertise’; and energy expert Alberto Córdoba, who regularly represents borrowers and issuers in loan transactions and debt issuances, are in charge of steering the practice. Alejandro Orellana, counsel Gloria Martínez, and senior associate Jaime Ostos, who joined in 2021 from Mijares, Angoitia, Cortés y Fuentes S.C., are additional names to note.

Practice head(s):

Luis Burgueño; Alberto Córdoba

Testimonials

The team gives very good follow up to each of the issues and always seeks to suggest improvements for the company, to give better compliance or beneficial strategies for the company.’

We were very pleased with Jaime Ostos’ punctual follow up and the commitment he showed in every part of the process, he was very supportive in making it happen as soon as possible.’

Luis Burgueño has excellent financial expertise, in meetings with our lenders, he showed great experience in proposing improvements and protecting our interests.’

Overall the firm excels in performance and experience, as well as friendliness in the process.’

Key clients

Z-Tech SiHay

Freedom to Scale

Atrato Technologies

Seadrill New Finance

Landesbank Baden-Württemberg

BanCoppel

Smart Fintech 4U

JP Morgan

ADN Capital Mezzanine

WEX Inc

Marinsa

Anheuser Busch InBev

Soluciones Modelo

Bank of America

US Bank

Evo Payments International

Revlon

Clayton Dubilier & Rice

Samvardhana Motherson Automotive Systems Group

Banco Internacional de Costa Rica

Work highlights

  • Advised Fairplay on the design and implementation of an upfront payment scheme based on future cash flows, including guidance on complying with applicable financial and regulatory requirements and the drafting of credit/service agreements.
  • Advised SeaMex and its Mexican subsidiaries on the negotiation and implementation of the corporate and finance restructuring of SeaMex Group.
  • Advised Clayton Dubilier & Rice during the negotiation and execution of a credit agreement in order to finance the acquisition and merger of Fort Dearborn and Multi-Color Corporation.

Basham, Ringe y Correa, S.C.

Basham, Ringe y Correa, S.C. offers a ‘capable and reactive team’, which according to a client has been ‘gaining ground and is becoming increasingly important in the banking and finance area’. Miguel Angel Peralta and Pedro Said, the ‘backbone of the team’, are the key practice contacts.

Practice head(s):

Miguel Angel Peralta; Pedro Said

Testimonials

‘Capable and reactive team. Compares favorably with other offices in attention, capacity, disposition.

‘Pedro Said is a capable and committed professional. Very reactive to our requests and technically very skilled to achieve our requirements.

‘Basham stands out for their great team, it can be seen in the financial market that they have been gaining ground and is becoming increasingly important in the banking and finance area, this is due to their very consolidated and experienced team in the area.

‘Pedro Said Nader is the backbone of the team, he is not only distinguished by his extensive experience and excellent advice, but also adds value to transactions by including new components and initiatives on sustainability issues and adapting market trends.

Key clients

Crown Holdings

Bank Leumi le-Israel

Microvest

HSBC Corporate Trustee Company

JP Morgan Grupo Financiero

Export-Import Bank of China

Garrett Motion

Commerzbank

Bank of Nova Scotia

Prosegur Global

Developing World Markets

Kodak Alaris

Easy Way Holdings

Kennedys Law

Kiva Refugee Investment Fund

Sidel Blowing and Services

Trafigura and Trafigura México

Bank Julius Baer & Co

Corporación Andina de Fomento

Cuatrecasas

León López, co-managing partner of the office, is in charge of steering the Mexican banking and finance practice at Spanish powerhouse Cuatrecasas. The group, which works seamlessly and uses the synergies between offices both in Latin America and/or Europe, boasts extensive experience handling a wide array of financing transactions - project, real estate, infrastructure, corporate and acquisition financing, refinancings and debt restructuring - mainly advising banks, funds, or insurance companies, both domestic and international. Recent work highlights include acting for CaixaBank regarding the financing granted to RLH Properties to build and develop the Rosewood Mandarina Hotel on Mexico’s Riviera Nayarit; and the debt refinancing of the Four Seasons Hotel in Mexico. López is closely supported by José Higinio Núñez, who is particularly experienced in the finance, infrastructure and telecommunications sectors.

Practice head(s):

León López

Key clients

Hokchi Energy

CaixaBank

Bain Capital

123 Lease

ING Bank & ING Capital

Comsa Corporación de Infraestructuras

BBVA Bancomer

Standard Profil Automotive

CaixaBank

H.I.G. Capital

Sindicato bancario (Agente: BBVA)

Neenah

Codere

Work highlights

  • Advising Bain Capital Private Equity on acquiring aero engine manufacturer ITP Aero from Rolls-Royce, including on the financing for the acquisition of approximately €1.7bn.
  • Advising on OHL’s €650m debt restructuring and recapitalisation.
  • Advising Comsa Corporación on closing the refinancing of its bank debt for a global amount of €487m.

Jáuregui y Del Valle, S.C.

Well-established full-service firm, Jáuregui y Del Valle, S.C., houses a sturdy practice led by banking, financial and capital markets expert, Alberto Balderas, who enjoys a proven track record in the energy, automotive, retail, and manufacturing sectors, and also has experience advising fintech companies obtaining the authorizations for the Comisión Nacional Bancaria y de Valores and Banxico to incorporate an electronic funds payment institution under Mexican fintech legislation. Fellow department co-heads Justo Fernandez del Valle, who has a focus on corporate finance, and project finance specialist, Fernando Alonso-De-Florida, are the other names to note.

Practice head(s):

Alberto Balderas; Fernando Alonso-de-Florida; Justo Fernandez del Valle

Testimonials

What makes this practice unique is the personalised attention of its partners and the experience in the sector. The strengths and skills of the team that serves us are the high availability and in-depth knowledge they have of the market.

Alberto Balderas, more than 20 years of experience in various areas, mainly financial law, banking and fintech. He has extensive experience advising various types of companies.

Key clients

PayU Latum

Stenn International

Rappi and RappiPay México

Optal Financial

PagoNxt

Edenred México

Asociación de Sociedades Emisoras de Vales

Sí Vale México

Price Travel

Grupo TMM

Boardriders

Banco Base

Bank of Montreal

PrimeiroPay

Work highlights

  • Ongoing advice to PayU Latam in connection with all regulatory matters in Mexico applicable to participation in payment networks.
  • Advised Rappi and Rappi Pay México regarding the obtaining of the authorization from the CNBV in order for RappiPay to be organised and operate as an Electronic Funds Payment Institution under Mexico’s new Fintech Law.
  • Advised PagoNxt on the purchase of 70% of the shares Mercadotecnia, Ideas y Tecnología.

Pérez Correa González

Pérez Correa González houses a compact but highly efficient banking and finance practice, which earns praise from clients for having the ‘necessary contacts and communications to streamline the dialogue with banks’, and whose client roster includes local and international names from the financial, technology, consumer goods, energy, fintech and infrastructure sectors. The department is co-led by a Mexico City-based duo comprised of Jorge Labastida, who is well-versed in asset-backed and structured finance, both cross-border and domestic; and Fernando Eraña, who also leads the fintech group, and is experienced in cross-border finance - secured and unsecured - and venture capital financing.

Practice head(s):

Jorge Labastida; Fernando Eraña

Testimonials

They have the necessary contacts and communications to streamline the dialogue with banks.’

I have worked closely with Fernando Eraña. I have found his knowledge, experience and services to be of great level.’

Fernando Eraña is highly knowledgeable in real estate contract law and helpful in all ways.’

They stand out for their high level of expertise and knowledge.’

Very good, always available.’

Key clients

Sumitomo Mitsui Banking Corporation

United States International Development Finance Corporation

BMO Harris Bank

Credit Suisse Mexico, Asset Management Division

Real Estate Investments

Work highlights

  • Represented a US national bank regarding the Mexican components of a cross-border secured revolving borrowing base facility to a US-based metals manufacturer and three of its Mexican subsidiaries.
  • Represented SMBC, subsidiary of Sumitomo Mitsui Banking Corporation, as borrower of a loan from Banobras.
  • Advised SMBC with financial regulatory matters and transactions in Mexico, including corporate, regulatory and compliance upkeeping of SMBC.

Sánchez Devanny

In recent years, Sánchez Devanny‘s banking and finance practice has increasingly focused on advising Mexican and foreign banks on cross border loans and securities in Mexico, along with syndicated multi-jurisdictional loans and bonds issuances, as well as continuing to advise clients on fund formation. The firm’s June-2022 hire of Mexico City-based finance and capital markets specialist José Berrueta -formerly at Ritch, Mueller y Nicolau, S.C.– will undoubtedly assist the practice to make further in-roads into these areas. He joins a group that is co-led from Monterrey and Querétaro and which has particular expertise in the automotive industry (particularly the representation of borrowers and their subsidiaries in Mexico). Practice co-heads Ernesto Silvas (who has a focus on acquisition-finance), and Francisco Andres Gamez-Garza are based in Monterrey; while real estate specialist, Diego Gómez-Haro, operates from Querétaro. At senior associate level, Monterrey-based Jaime Moreno-Treviño brings additional key expertise.

Practice head(s):

Ernesto Silvas; Francisco Andres Gamez-Garza; Diego Gómez-Haro

Key clients

Silver Lake

Barclays Bank

JPMorgan Chase Bank

KeyBank National Bank

Banco Nacional de Comercio Exterior (Bancomext)

Akbank TAS

Banque Pictet

Ikano Industry

Libbey Glass (and its Mexican subsidiaries)

Metal Technologies of Indiana (and its Mexican Subsidiaries)

Work highlights

  • Advised Silver Lake on the purchase of Grupo BC, a provider of outsourcing services specialised in mortgage management procedures and registry verification in Spain, Portugal and Latin America.
  • Assisted Barclays with the preparation of documentation and negotiations for the release of a Mexican security collateral package as required by the paying-off of a syndicated lender group of international financial institutions.
  • Represented Rinnai America Corporation (as buyer) in a stock deal for the acquisition of 100% shares of a Mexican company.

SMPS Legal

In the banking and finance sector, SMPS Legal‘s ‘highly qualified team’, garners praise for its capacity to ‘respond and find (quick and easy) solutions to all the problems and vicissitudes’ that may arise from financing issues. Lauded as ‘an outstanding lawyer’, Iván Pérez heads the team in conjunction with María Teresa Paillés. Pérez advises issuers and underwriters in connection with debt, equity, asset-backed and structured securities’ offerings and tender offers, both domestic and cross border; while Paillés, who is well known for her high-level of expertise in the real estate sector, brings additional key experience to the practice, which also focuses on the insurance, chemical and private equity industries.

Practice head(s):

Iván Pérez Correa; María Teresa Paillés

Testimonials

SMPS’s response is always timely and agile, aspects that are fundamental to our company’s business. Another positive aspect is the highly personalised service.’

‘Ivan Perez, always responds to our queries within hours, and on occasions when we needed to produce legal documents in a short time, the response from him and his team was swift.’

This is a highly qualified team that knows how to respond and find (quick and easy) solutions to all the problems and vicissitudes that arose.’

Iván Pérez Correa is an outstanding lawyer.

Key clients

Interprotección, Agente de Seguro

ING Bank and Coöperatieve Rabobank

Kocomo

Locfund Next

Grupo KUO

Asesores Índigo Deuda Privada

Meor

Sebi Developer

Comercializadora Tunoni

Grupo Frondoso

Cimbra Capital

Work highlights

  • Advised Interproteccion and its subsidiaries in connection with the obtaining of an additional MXN$900m tranche through the amendment and restatement of an existing syndicated loan for MXN$2,200m.
  • Acted as Mexican counsel to ING Bank and Rabobank, in connection with the restructuring of €52m senior loan granted to a Spanish subsidiary of Grupo Alsea.
  • Advised Kocomo on the negotiation of a $56m facility from Architect Capital for the acquisition of residential homes in luxury resort destinations.

Vázquez Aldana, Hernández Gómez & Asociados

Clients appreciate Vázquez Aldana, Hernández Gómez & Asociados' ‘personal treatment, advice and availability’, to the point of regarding the Guadalajara-based firm as ‘a partner of the business’. The banking and finance practice acts primarily for lenders, regularly advising well-known banks such as Citibanamex, HSBC, Banregio, and BBVA on their financial transactions. Felipe Vazquez Aldana, who acts as Secretary of the Board of Directors for various financial institutions in Mexico, and Guadalupe Llamas López, are the key practice contacts.

Practice head(s):

Guadalupe Llamas; Felipe Vazquez Aldana

Testimonials

They stand out for their personal treatment, advice and availability, we see them as a partner of the business.’

Felipe Vazquez Aldana, has an excellent relationship with us and with our customers, always providing excellent advice and meeting response times.’

Key clients

Citibanamex

Banregio

HSBC

BBVA

Bansi

Smart Lending

Work highlights

  • Assisted HSBC with the structuring and implementation of the loan and collateral securities granted in favour of the Bank in order to minimize risks to the lender, as well as preparing all the transactions documents.
  • Advised Banregio on the structuring and implementation of the loan and collateral securities granted in favour of the Bank in order to minimize risks to lender, as well as preparing all the transactions documents
  • Assisted BBVA with the structuring and implementation of the loan and associated collateral securities granted in favour of the Bank in order to minimize risks to the lender, as well as preparing all the transactions documents.