Firms To Watch: Corporate and M&A

EC Rubio‘s experience and expertise in international investment in manufacturing operations in Mexico is second to none; the firm’s corporate lawyers are well versed in designing structures that allow greater efficiency in mergers and acquisitions of companies in these fields. Since publication, the firm has promoted corproate and M&A specialist Yamel Cázares to the partnership.
The transactional department at young boutique firm Kavanagh Gorozpe is headed by founding partner Patricio Gorozpe, and advises national and international clients with a focus on joint ventures, M&A, real estate and corporate restructuring mandates. Relying on the firm’s tax department, the team is also regularly involved in corporate restructurings.

Corporate and M&A in Mexico

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

Market stalwart and stellar corporate powerhouse, Creel, García-Cuéllar, Aiza y Enríquez, S.C. -always a ‘guarantee of good service’- is a regular advisor to domestic and international blue-chip corporates and private equity funds, who regularly rely on the large department for their most business-critical matters, including mergers, joint ventures, restructurings, privatisations, and spin-offs. The practice group, which boasts a good combination of transactional expertise in private and public M&A, regularly garners praise for being ‘professional, dedicated and technically solid’. It comprises highly sought-after practitioners, including market-veteran Jean Michel Enríquez (M&A, private equity and capital markets); Eduardo González (M&A and other complex transactions); Carlos del Río, who also has broad experience on investments into the Mexican real estate sector; Jorge Montaño, who specialises in corporate and commercial advisory, as well as in private equity transactions across varied sectors; Humberto Botti (M&A, private equity and capital markets), and practice co-head Iker Arriola, who in 2020 advised Grupo Financiero Banorte in its joint venture with Rappi for the creation of a digital bank.

Practice head(s):

Jean Michel Enríquez; Iker Arriola


‘Creel’s team is always professional, dedicated, technically solid and offers a top service to its clients’

‘Hiring Creel is a guarantee of good service. Creel has adapted well to the new reality with technology and remote services’

‘The prestige and technical quality of their partners and lawyers is what makes them stand out. Leonel Pereznieto and Eduardo González are especially outstanding’

‘Excellent law firm. M&A and specialty groups work seamlessly together. Very client friendly and hard working’

‘Jorge Montaño and Santiago Sepulveda are superstar lawyers. Both are extremely smart, very experienced and able to give legal advice in a practical and commercial way. Diego Barrera is an up and coming lawyer who is very capable and shows incredible promise’

Key clients

Apollo Global Management

Canada Pension Plan Investment Board

Cerberus Capital

Grupo Axo

Glisco Partners

Grupo Financiero Banorte

Ontario Teachers’ Pension Plan


Steel Dynamics

Univar Solutions

Bupa Mexico

China’s State Power Investment Corporation (SPIC)

Work highlights

  • Advised Canada Pension Plan Investment Board and Ontario Teachers’ Pension Plan on the acquisition of at least 40% of the shares of Ideal’s portfolio comprising 18 infrastructure concessions in Mexico, as well as an electronic toll collection and operations services business; estimated deal value $2.2bn.
  • Advised Grupo Financiero Banorte on the negotiation, structuring and execution of a strategic alliance agreement with Rappi by which both firms will become 50% owners of a newly digital bank; estimated value: $355m.
  • Counsel to China’s State Power Investment Corporation (SPIC) on the acquisition of Mexican renewables firm Zuma Energía.

Galicia Abogados S.C.

The 28-strong M&A practice at Galicia Abogados S.C. enjoys a solid reputation for housing one of Mexico's most dominant transactional teams. Always ‘working towards the deal and for the client’, the department covers a wide range of corporate mandates, including domestic and cross-border M&A, private equity and strategic investments, joint ventures, buyouts, divestments, spin-offs and split-ups, and public takeovers. Experienced partners José Visoso and Ignacio Pesqueira (who is frequently sought out by private equity clients), head the impressive team, which comprises notable practitioners such as founding partner Manuel Galicia, regarded as an ‘absolute leader in corporate matters’; the ‘practical and business oriented’ Christian Lippert, who also boast good expertise in antitrust matters; Arturo Perdomo; Héctor Kuri, who also focuses on finance and infrastructure; and Ramiro Sandoval who, while ‘not an ego-driven partner’, is ‘exceptional working under pressure’. Major mandates, recently, include advising Abertis on the acquisition of 72% of Red de Carreteras de Occidente in Mexico.

Practice head(s):

José Visoso; Ignacio Pesqueira


‘Galicia has a culture of working towards the deal and for the client. Undoubtedly one of the most prestigious M&A firms in Mexico, empathetic and straightforward in their dealings with the client, they leave ego behind.’

‘They work with a core team in which partners and associates were very coordinated and always 100% on top of the transaction, bringing to the table help from areas such as tax and litigation when necessary, but always in an efficient manner and without the apparent intention of making the deal more expensive.’

‘While their quality is as good or better than any other firm, the style is much less pretentious.’

‘They go out of their way to build a connection with the client and understand their motivations and priorities.’

‘The team is made up of lawyers with vast experience in the field and with extensive exposure to relevant M&A transactions in the Mexican market.’

‘Christian Lippert is a brilliant lawyer, a reference in antitrust and M&A matters. He is a very analytical, practical and business-oriented person. His negotiation skills are very good. Manuel Galicia is an absolute leader in corporate matters.’

‘Personalised, efficient, fast service. With a team committed at all times, dedicated and responsible.’

‘Ramiro Sandoval is exceptional working under pressure. It is appreciated that he is not an ego-driven partner who tries to impose his position before legal and business reasons. He puts the client’s needs and interests first.’

Key clients

Intel Corp

Grupo México (División Infraestructura)

Tokyo Gas America

KPS Capital Partners


Cofra Holding

CHPAF Holdings

AB&C Leasing de México

Leagold Mining Corporation

Abertis Infraestructuras

GIC Special Investments

Grupo Sordo Madaleno

Northgate Capital

Advent International

Organización Soriana

Balam Fund

RLH Properties


Grupo Azucarero Mexico



BBVA Bancomer





Arca Continental

Grupo Modelo

EDPR Mexico | EDP Renováveis



Recent Intercam



Profuturo GNP

Recent Banco de Sabadell

Banco de Santander

Victory Park




China Construction


Club Premier Aeromexico



Work highlights

  • Advised Abertis Infraestructuras on the acquisition of 72.% of Red de Carreteras de Occidente (RCO), one of the largest toll roads operator in Mexico; estimated deal value: $2.1bn.
  • Advised Promecap on the first stage of its merger with Grupo Acosta Verde, a Mexican shopping center owner and operator.; deal value: $200m.
  • Advised and represented Leagold Mining in connection with the Mexican aspects of its acquisition by Equinox Gold Corp; deal value: $578m.    

Mijares, Angoitia, Cortés y Fuentes S.C.

Lauded for never lacking ‘professional ethics and a business vision’, Mijares, Angoitia, Cortés y Fuentes S.C.'s a sizeable, 27-strong practice, represents an impressive mix of domestic and international clients, including some of the most active private equity funds in Mexico, on a wide array of cutting-edge corporate work and cross-border M&A transactions. The accomplished team comprises talented practitioners such as founding partner Pablo Mijares, who is deeply experienced in private equity mandates and bidding processes; Ricardo Maldonado, who also has a focus on capital markets, financing and corporate compliance; corporate finance expert Patricio Trad, who is well-versed in corporate and structured finance; Eugenio Macouzet, who handles joint ventures and strategic partnerships; Lorenza Langarica, who is also a key figure in the firm's real estate practice; Francisco Ibañez and Martín Sánchez. Former senior associates Carlos Jiménez and Francisco Glennie were promoted to the partnership in July 2021 and, together with fellow partner Patrick Meshoulam (who mdae partner in 2020), constitute considerable additional capacity at the practice. Key support comes from senior associates Anacandy Perusquía and Juan Pablo Betancourt. Recent highlights include advising SoftBank as lead investor in a $225m equity investment in Mexican used car platform Kavak.

Practice head(s):

Pablo Mijares; Francisco Fuentes; Ricardo Maldonado


‘They have the best knowledge, the highest projection and not only understand the legal issues, but also understand the business perfectly.’

‘Always innovating and at the forefront, trying to generate lower costs for their clients but better service.’

‘They are very creative lawyers, always looking for new business strategies, always within the current legal framework. They understand and have a clear knowledge of the risks that each transaction may entail, which is why I find their advice priceless. In negotiations there is never a lack of professional ethics and a business vision that benefits all parties involved.’

‘The corporate and M&A team is exceptional. They have extensive experience, are very technical, know the client and their needs well. They are certainly above average.’

‘In times of pandemic they have excelled in being technological and responsive. They provide solutions to the client to have virtual meetings and remote consultations, without affecting the quality of the work and with innovative solutions.’

‘Excellent preparation and efficient in time and results. I would highlight Ricardo Maldonado, Francisco Glennie, Francisco Ibañez, and Carlos Jiménez.’

Key clients

Enverlis / Bio Pappel

ICA Tenedora

Grupo Televisa



AEA Investors



Mezcal de Amor


Bayer México


Grupo Landsteiner


Work highlights

  • Advised SoftBank as lead investor in a $225m capital investment in Mexican used-car platform Kavak.
  • Represented Enverlis, a special purpose vehicle formed by the controlling shareholders of Bio Pappel, in the tender offer launched by Enverlis with the purpose of acquiring all of the shares of Bio Pappel.
  • Advised ICA in connection with the awarding process of the contract for the construction and installation of the railway infrastructure corresponding to section 4 (Izamal, Yucatan to Cancun, Quintana Roo) of the “Tren Maya” project.

Nader, Hayaux y Goebel, SC

‘One of the best practices in Mexico’, Nader, Hayaux y Goebel, SC fields a 29-strong team of ’versatile, committed and agile’ practitioners, who are hailed for understanding ‘client's needs from a business perspective’. With the accomplished Michell Nader at the helm, the department regularly handles sophisticated and complex transactions, as well as advisory for a wide variety of international investors on establishing a presence in Mexico, M&A transactions, and joint ventures with Mexican entities. The team also brings to the table some notable expertise in sectors such as insurance, finance and telecoms, exemplified by having acted on recent deals for AXA México, Assurant and Rabobank. Other key partners include Hans Goebel -described by a client as ‘the best lawyer I have ever met’; insurance expert (and head of the firm's London office) Yves Hayaux-Du-Tilly; Julian Garza, who is particularly skilled in handling real estate related mandates; Hector Arangua Lecea and Luciano Pérez. Former partner Diego Sanchez Villarreal moved to Baker McKenzie Abogados, S.C.  in February 2021.

Practice head(s):

Michell Nader


‘One of the best practices in Mexico. They are unique, their lawyers are versatile, committed, agile and understand the client’s needs from a business perspective, which makes the services invaluable.’

‘Yves Hayaux du Tilly is a great lawyer. He is very knowledgeable about the industry and the regulation of insurance in Mexico. He is also very approachable and friendly. Michell Nader has excellent strategic thinking, high quality and dedication to the client.’

‘The team is extremely flexible and approachable. Aside from their superior technical expertise, compared to other firms, they take a practical approach which tends to make working on transactions a lot easier.’

‘Hector Arangua and Hans Goebel have always attended to all of our needs with extreme professionalism, they are always willing to go the extra mile. This has been consistent for many years.’

‘A well-rounded team with good leadership. They always have someone who specializes in the task at hand. They stand out for the quality of customer service.’

‘Hans Goebel is the best lawyer I have ever met.’

‘They are able to turn the complex into the simple.’

‘They take care of the relationship with the client, taking care of them in an immediate, personalised and committed way, with high quality standards.’

Key clients



Colony Capital

Telefonica Movistar



Grupo Salinas / Elektra




Index Ventures and Sofía Holdings

Work highlights

  • Advised Evercore on the sale of its trustee and common representation business in Mexico to CIBanco, the transfer being made through a spin-off / merger transaction approved by CNBV.
  • Acted as Mexican co-counsel to Reed Smith representing Microsoft on the acquisition of Metaswitch Networks; undertaking a due diligence of the Mexican entities and assets of Metaswitch Networks involved in the acquisition.
  • Represented and advised Assurant on the sale of its investment in Mexican assistance services company Iké Asistencia and its affiliates in Argentina, Brazil and Colombia.

Ritch, Mueller y Nicolau, S.C.

The very well-reputed transactional practice at Ritch, Mueller y Nicolau, S.C. is a favoured option when it comes to complex corporate matters, the team having built a truly impressive track record and maintaining its involvement in major corporate deals and joint venture transactions in Mexico. The sizeable department -which is further strengthened by its partner´s expertise in other areas, notably banking and finance and capital markets- is co-led by well-known market players Carlos Obregón Rojo and Luis Nicolau, who also has a strong niche advising real estate investment funds. This was evidenced, recently, by the team’s recent advice to real estate company Acosta Verde regarding a high-profile investment by Promecap in the company. Other key, noteworthy practitioners include head of real estate Rodrigo Conesa; Jean Paul Farah Chajín, who brings his expertise in capital markets, projects and banking; and Eduardo Triulzi. Since publication, Conesa has moved to an of counsel position at the firm - effective Janaury 2022.

Practice head(s):

Carlos Obregón Rojo; Luis Nicolau

Key clients

Acosta Verde, Equity International

BBVA Bancomer

Discovery Americas

CFS Brands



Linzor Capital

Deutsche Bank


Procesamiento Especializado de Alimentos

Mexico Infrastructure Partners

Ainda, Energía & Infrastructura

Grupo Copri

Work highlights

  • Advised Acosta regarding Promecap’s investment in the company; deal value: $200m.
  • Represented BBVA in connection with the acquisition by GIC and Abertis (as trustors/beneficiaries), of up to 76% of the stock of Red de Carreteras de Occidente; estimated deal value: €1,5bn.
  • Advised Deutsche Bank on the sale of Deutsche Bank Mexico.

Basham, Ringe y Correa, S.C.

Full-service firm Basham, Ringe y Correa, S.C. houses a large and talented corporate and M&A practice, divided between its offices in Mexico City, Monterrey, Querétaro and León, offering a mix of day-to-day and transactional advice for both domestic and international clients. The accomplished nine-partner team, which is a popular choice -especially among clients from the industrial, energy and service sectors- is led by seasoned market player Daniel Del Rio, who is particularly skilled handling cross-border investments, both inbound and outbound. Other key names include Juan Jose Lopez de Silanes, who works closely with fellow partner Jesus Colunga and handles partnership agreements, M&A, reorganisations, investment, public bids and corporate governance; energy specialist Juan Carlos Serra; competition and antitrust head Amilcar Peredo; Miguel Angel Peralta, who focuses on M&A, finance, capital markets and real estate; Amilcar Garcia; along with Luis Lujan and Carlos Velazquez de Leon in Querétaro and Monterrey, respectively. Senior associate Moisés Gómez Flores, who has been in charge of the León office since its opening, is also noted.

Practice head(s):

Daniel del Rio

Key clients

Itau Corpbanca (New York branch)



LSC Communications


Gerdau GLT Spain

NH Hotels

Print LSC Communication

Garret Motions

Grupo Hinode

Platinum Equity

Terminal de LNG de Altamira


Platinum Equity

MarketStar Corporation

Aon Corporation

Federal-Mogul Motorparts

Grupo Pozo Blanco and Gruopo Prestige Worldwide

Foley Lardner, Eversheds Sutherland

Jones Walker

Kathrein Mobilcom Mexico

Veirano Advogados

Ricoh Mexicana

Jellyfish Digital Group


Eci Rego

Crown Famosa

Marcegaglia Mexico

Crown Mexico

VF Corporation

Amesbury Mexico



HCL Technologies

MPI de Mexico

Uniformes de San Luis

Laticrete Mexicana

Whitmore Mexico

Owens & Minor

Kontoor Brands

Prosegur Global

British Columbia Investment Management Corporation

Work highlights

  • Advised Eni on the Mexican legal aspects of the acquisition of a 40% stake in Finproject from VEI Capital fund  
  • Advising SAAM on the acquisition of 70% of Intertug; estimated deal value: $70m.    
  • Advised Itau Corpbanca and SAAM on the implementation of an amendment to an existing $40m facility, related to the application of a new interest rate follwoing the abandonment of LIBOR, and the granting of new guaranties to cover the unpaid balance of the credit.

González Calvillo, SC

Renowned full-service Mexican firm, González Calvillo, SC, houses a nine-partner team which stands out for its cross-border expertise and its ability to operate in a very wide range of sectors, particularly in energy and infrastructure, and in the fintech sector, where it has positioned itself as a more than solid option when it comes to handling joint ventures and M&A mandates. Proof of this was the firm´s participation in the joint venture between Rappi and Banorte led by co-managing partner José Ignacio Rivero. Partners Jose Victor Torres, Jorge Cervantes Trejo, and the latest promotions to the partnership, Daniel Guaida and Bernardo Reyes, are other prominent members of the practice. Additional developments saw the firm appoint Alberto Bustamante as counsel in January 2021; while at senior associate level, Jacinto Avalos , Alfonso García and Rosa Elena Coto constitute a strong second-line that provides key support. Since publicationJuan Manuel Sancho has left the firm for Bello, Gallardo, Bonequi y García, S.C., effective as of March 2022.

Practice head(s):

José Victor Torres; Jorge Cervantes; Jaime Cortés

Key clients

Atlas Holdings


BT Group




Grupo Crédito Maestro

Grupo Resuelve tu Deuda

IFM Investors

Posseidon Asset Management



Tarjetas del Futuro, the financial services arm of Rappi in Mexico

TPG Capital

Job and Talent

Grupo Niddo-Tziki


Work highlights

  • Advised Rappi on the structuring, negotiation and implementation of a $400m joint venture with Grupo Financiero Banorte.
  • Assisted TPG and The Rise Fund on the Mexican aspects of their global acquisition of approximately 1GWs-worth of solar PV projects from Trina Solar.
  • Advised Atlas Holdings and Stryten Manufacturing on the acquisition of Exide de México, part of the American businesses’ $180m acquisition of Exide Technologies.

Greenberg Traurig, S.C.

Led by office managing partner José Raz Guzmán, a finance and corporate expert, Greenberg Traurig, S.C.'s experienced Mexican corporate practice sits within a firm with a remarkable international reach; indeed, the sizeable team frequently works in conjunction with colleagues from the firm's Miami and New York offices (in particular), and is regularly sought out by public and privately held companies to handle cross-border mandates, corporate restructurings, private equity and venture capital investments, as well as joint ventures. Bringing their expertise to the practice group are key figures: Miguel Yturbe Redo (M&A, general corporate and financings); seasoned practitioner Juan Manuel González Bernal; José Antonio Butrón, who is experienced in project finance; Carlos Garduño (M&A, securities, corporate and project finance); and ‘rockstar’ practitioner Luis Cortés (corporate and TMT). Associates Gabriela Palomino (real estate and infrastructure) and Rocío Olea Salgado (corporate and competition), provide key, second-line support.

Practice head(s):

José Raz Guzmán


‘Luis Cortes is a rockstar.’

Key clients

Red de Carreteras de Occidente

Mexico Infrastructure Partners (MIP)

Yazaki North America

Lottus Education

Gill Industries



MXT Fiber Partners

Proeza Ventures


Phoenix Tower International

Work highlights

  • Represented RCO on the $2.3bn sale of approximately 72% percent of its capital stock.
  • Represented MIP in the acquisition of a portfolio of infrastructure assets from ICA; deal value: $1bn.
  • Represented DD3 Acquisition Corp., a publicly-traded special purpose acquisition company (SPAC), on its business combination with Betterware.

Von Wobeser y Sierra, SC

The corporate and transactional practice led by renowned expert Luis Burgueño (‘one of the best M&A lawyers’ our company has encountered’), is one of the cornerstones of full-service firm Von Wobeser y Sierra, SC. Evidencing solid, ‘in-depth knowledge of the market’, the team excels on cross-border mandates and is particularly skilled in the structuring of joint ventures. The eight-partner department possesses a notable niche strength in the automotive and manufacturing industries, especially in the form of Rupert Hüttler, an ‘outstanding expert for German corporations in Mexico’. Other key practitioners include Fernando Carreño, who heads the competition practice; real estate-head Pablo Saez; and Alejandro Orellana (M&A, JVs, financings) who has particular expertise regarding the Brazilian market. The team was reinforced in 2021 with the arrival of Pablo Jiménez (the firm’s first lateral hire in 25 years), who will be based in the Houston (Texas) metropolitan area where he will lead the firm’s US subsidiary. Senior associate Gloria Martínez (corporate.M&A, data privacy and cyber security) was promoted to counsel in January 2021. Since publication, Katharina Roehr (corporate/M&A and foreign investment) and Javier Betancourt (corporate/M&A, real estate and structured finance) have also both been raised to counsel.

Practice head(s):

Luis Burgueño


‘I would highlight the quality and promptness of their work, and they always involve specialists in various subjects. Alejandro Orellana’s work is outstanding.’

‘German / Spanish speaking team with in-depth knowledge of the market and clear focus on customer benefit. Rupert Huettler is an outstanding expert for German corporations in Mexico, especially regarding the automotive industry. He has a profound understanding of the industry and the needs of automotive suppliers.’

‘Working with them makes me feel at home.’

‘They performed fantastically, business-wise speaking. Luis Burgueño is one of the best M&A lawyers our company has ever encountered, and his business and practical approach to deal-making is very valuable.’

‘Santiago Barraza is responsive, creative and disruptive.’

‘Luis Burgueño and his team have been able to execute perfectly. We have experienced several challenges in accommodating the needs of different stakeholders, and Von Wobeser has been able to offer creative and effective solutions that allowed the project to move forward.’

Key clients


Anheuser Bush-InBev / Grupo Modelo

Berkshire Partners


Borr Drilling

Burger King Corporation

Centerbridge Partners

Clarion Capital Partners

Clayton Dubilier & Rice

Conductor Technología

Creation Investments Capital Management

Evo Payments International

Faurecia Sistemas Automotrices de México

Grupo Lala

JP Morgan Chase

Kohlberg & Co

Krispy Kreme Doughnut Corporation

MacAndrews & Forbes

Madison Dearborn Partners


Melecs EWS

One Rock Capital Partners

Orlegi Sports & Entertainment

Palladium Equity Partners

Revlon Consumer Products

Robert Bosch

Sears Holdings

The Coca-Cola Company

US Bank (and its subsidiary Elavon)

Verizon Communications





Work highlights

  • Advised US Bank and its subsidiary Elavon in connection with the $80m sale to Banco Santander (Spain and Mexico), of its payments processing and acquiring business in Mexico.
  • Advised Verizon in connection with the purchase from América Móvil of TracFone, a US prepaid wireless business, for $6.9bn.
  • Advised multiple ad hoc lenders in connection with Covia Holdings’ reorganisation pursuant to Chapter 11 in the US; matter value: $1bn.

White & Case S.C.

Able to draw on drawing upon the firm’s excellent international network, White & Case S.C.´s 16-strong Mexican practice advises major domestic and international corporations, commercial and investment banks, and private equity funds, on a wide range of complex cross-border M&A transactions. Recent headline work saw the department advise Sempra Energy on its $5.81bn acquisition of the remaining stake in Infraestructura Energética Nova (IEnova). The team is led by Henri Capin Gally, who also heads the firm’s antitrust practice in Mexico. Renowned market figure, Vicente Corta is an additional key member of the team. However, after almost 20 years at the firm, former practice co-head Francisco García-Naranjo, moved to Mayer Brown Mexico, S.C. in July 2021.

Practice head(s):

Henri Capin

Other key lawyers:

Vicente Corta

Key clients

Grupo Financiero Banorte

Pernod Ricard México

Activos Turísticos de México (Actur)

Texas Armament & Technology


Caisse de Dépôt et Placement du Québec (CDPQ)


Te Creemos Holding



Work highlights

  • Representing Sempra Energy on its $5.81bn acquisition of the remaining stake in Infraestructura Energética Nova.
  • Advised Pernod Ricard México on the acquisition and investment of 40 per cent of the capital stock in Mezcal Ojo de Tigre.
  • Advised Banorte on obtaining the corresponding authorisations to carry out the merger of certain financial entities of the group in the context of an internal corporate restructure.

Baker McKenzie Abogados, S.C.

Baker McKenzie Abogados, S.C. Mexican transactional practice combines notable experience in local corporate / M&A and reorganisations, with its impressive cross-border capabilities thanks to the firm's global network. Partner Jorge L Ruiz, a market veteran who according to a client ‘bridges the US / Mexico border’, heads the large department, which operates from offices in Mexico City, Ciudad Juárez, Guadalajara, Monterrey and Tijuana. Garnering praise for its ‘extraordinary’ talent, ‘level of client service and management of M&A projects’, the group also includes other noted practitioners Gaspar Gutierrez-Centeno; Lorenzo Ruiz de Velasco, who is highly experienced in capital markets, M&A and financings; Carlo Pérez-Arizti, who has solid expertise in corporate restructurings and joint ventures, as well as private equity and venture capital transactions; Reynaldo Vizcarra-Mendez; Erik Gutierrez-Zuniga, who has a focus on corporate matters and securities' work; and Monterrey-based Jose Maria Gonzalez-Elizondo.

Practice head(s):

Jorge Ruiz


‘Jorge Ruiz is a partner who bridges the US / Mexico border. He makes the complexities of getting things done in Mexico crystal clear to a US client. He is very reactive and a great communicator.’

‘The partners’ talent is extraordinary, as is the level of client service and the management of M&A projects.’

‘They are very creative problem solvers.’

‘Young and willing people, technology in all their processes.’

‘Prestige, quality of services, efficiency, involvement, experience in the market. Lorenzo Ruiz de Velasco does an excellent job.’

Key clients



Betterware de México

CISA Telecomunicaciones


Glaxo Smith Kline

Grupo Pochteca


Louis Vuitton Moet Hennessy (LVMH)

Lowe’s Companies


Takeda Pharmaceutical Company

MiddleGround Capital

Kohlberg Kravis Roberts

Work highlights

  • Advised Grupo Pochteca on the acquisition of IXOM Holdings’ Latin American division.
  • Advised CISA Telecomunicaciones on the sale of 100% of its shares to Twilio.
  • Assisted Betterware and its shareholders in the negotiations to merge Betterware with a listed special purpose acquisition vehicle (“SPAC”) called DD3 Acquisition Corp.

Cuesta Campos y Asociados S.C.

With over 40 years representing leading multinationals and maintaining a focus on foreign-owned companies investing in Mexico (be it to acquire a Mexican entity, develop a joint venture or open a Mexican subsidiary), Cuesta Campos y Asociados S.C. has impressive credentials in the corporate / M&A sphere. Operating from offices in Mexico City, Guanajuato and Guadalajara, the 18-strong department regularly participates in mid- and upper mid-market transactions. The practice is co-led by name partner Hugo Cuesta, who is highly experienced in cross-border transactions, M&A, finance, commercial law and corporate governance; and Azucena Marín, who in addition to her corporate strength, has also developed a solid competition practice. With additional expertise in anticorruption and compliance matters, the team includes other key practitioners, notably principal associate Rafael Sánchez, and tax-and-corporate focused senior, Franscela Sapien. However, former fellow-senior Carlos R Padilla moved in-house in January 2021.

Practice head(s):

Hugo Cuesta; Azucena Marín; Fernando Cuesta


‘Their services are very good in terms of response time and quality. The firm constantly offers us cutting-edge topics and legislative modifications that can impact our business, with the use of technological tools that allow us to interact remotely in order to be updated.’

Key clients

Natura Group

Hengdeli International


Brio Services

Worthen Industries

Chess Group


E&V Oilfield Services

Campari Group

American Standard (Lixil)


Work highlights

  • Advised American Standard (Lixil) on negotiations with the authorities regarding the evaluation and determination to be considered as an “essential activity” in order to continue with its operations during the Covid-19 pandemic in Mexico.
  • Advised Natura on the amendment of provisions in its bylaws concerning distribution of participation, appointment of officers and representatives according to corporate governance, and keeping a good balance between corporate internal policies regarding powers of attorney and requirements of government authorities.
  • Advised Chess Group on the due diligence, negotiation, preparation of the legal documents and closing of the acquisition of the assets and shares to AFC International Group.

Hogan Lovells

A team of ‘highly experienced professionals with an extremely precise and accurate business vision’ comprise the Mexican corporate practice at Hogan Lovells. Boasting a solid presence in both Monterrey and Mexico City -and always able to draw resources from the firm´s global reach- the team is regularly engaged by an array of domestic and foreign clients to handle transactional operations, the establishment of joint ventures, and restructuring and corporate governance mandates. Key practitioners in Mexico City include: Juan Francisco Torres Landa, a deeply experienced figure who is well-versed in corporate restructuring and cross-border mandates; Federico de Noriega, who garners praise for his ‘business acumen and strong negotiation skills’; Carlos Ramos Miranda - M&A, particularly in relation to the energy and insurance sectors; and counsel Andrea López de la Campa, who has ‘excellent corporate and M&A know-how’. Experienced market players Guillermo González Frankenberger and Jorge Yañez handle matters from the Monterrey office.

Practice head(s):

Juan Francisco Torres Landa; Federico de Noriega; Mario Jorge Yanez; Guillermo Gonzalez- Frankenberger


‘The team is made up of highly experienced professionals with an extremely precise and accurate business vision. The combination of these professionals makes for a superb team.’

‘They use tools for storing and sending confidential and sensitive documents and for measuring time spent.’

‘Carlos Ramos Miranda: Deep legal vision in M&A and corporate and business. Creativity, leadership and strong negotiation skills.’

‘Federico de Noriega: Strong legal, banking, financial, economic and business acumen, strong negotiation skills.’

‘Andrea López de la Campa: Excellent corporate and M&A know-how.’

Key clients

Repsol Downstream Internacional

Rich Products Corporation / Productos Rich

CHT de México

Latam Foods Investments

Ford Motor Company



Assa Abloy


International Finance Corporation

Frutarom / IFF

Marsh McLennan




Sage Automotive Interiors

Cushman & Wakefield


Prudential Real Estate

Pilgrim’s Pride

Sony Music Entertainment Mexico

Cooper Tire & Rubber Company

WSP Global


DXC Technology

Urban Science

Eagle Industries

Finsa Portafolios

Work highlights

  • Advised Pilgrim’s Pride on the drafting and negotiation of transactional documents for the  acquisition of 100% of the shares of Fampat and Plan Pro Restaurantes.
  • Advised Cooper Tire & Rubber Company on the drafting and negotiation of transactional documents, to increase its equity participation in Corporación de Occidente from 58% to 100%.
  • Advised WSP Global on the corporate restructuring process of its Mexican subsidiaries, including tax and employment reorganisation of the resulting corporate structure after the merger and winding down of subsidiaries.

Jones Day

Working seamlessly with the firm's other offices as necessary, full-service giant, Jones Day 's Mexican practice is a respected presence in the corporate sphere. Particularly active in the energy and infrastructure sectors, the 14-strong department is co-led by experienced partners Manuel Romano, Mauricio Castilla and Javier Martínez del Campo, who excel, especially, when handling cross-border M&A, joint ventures and strategic alliances; corporate governance too, is a particular niche strength. Of counsel Antonio Franck is also a genuine corporate specialist whose loyal clientele note his ‘excellence in the provision of legal services'. Recent departmental highlights include acting for Invex Infraestructura 4 on its development of a petroleum products pipeline in Mexico (from Tuxpan to Tula).

Practice head(s):

Manuel Romano; Javier Martínez del Campo; Mauricio Castilla


‘They have a great knowledge and commitment to the client, as well as the most advanced technological tools.’

‘Antonio Franck: excellence in the provision of legal services, expert, empathetic, loyal.’

Key clients

Invex Infraestructura 4

Grupo Gigante

Otras Producciones de Energía Photovoltaica

JinkoSolar Holding

Work highlights

  • Advised Grupo Gigante, which through its subsidiary Beer Factory de México acquired all of the assets of the “El Farolito” taco business from Fine & Casual Dining.
  • Advised solar panel manufacturer JinkoSolar Holding on the sale of two solar photovoltaic (PV) plants in Mexico (Viborillas and San Ignacio) to White River Renewables.
  • Advising Invex onn its development of a petroleum-products pipeline in Mexico that runs from Tuxpan in the Gulf of Mexico to Tula in the Valley of Mexico.

Pérez Correa González

Following the dissolution of Solcargo, the entirety of its punch and expertise in the corporate sphere went to Pérez Correa González, which continues to assist national and multinational corporations, banks and non-bank financial institutions on a wide range of corporate transactions, regulatory compliance, and other legal-corporate mandates. Recent years have seen the team increase its work with funds, mainly thanks to practice co-heads, Fernando Eraña and Luis Gonzalez, who excel in venture capital and private equity work, respectively. Key support comes from Vanouver, Canada-located partner Omar Aguilar (corporate/M&A, JVs, contracts and risk assessment), and senior associate Juan Carlos Izaza Avila, who has notable expertise in corporate restructurings in Mexico. Since publication, the firm has continued to develop and broaden its capabilites, adding former IMPI president Mike Margáin as partner-in-charge of the firm's IP offering and Ulises Moreno as head of the firm's nascent ESG practice - effective as of March 2022.

Practice head(s):

Luis González; Fernando Eraña


‘Excellent firm offering high quality services. The legal team is very solid, up to date, maintain a knowledgeable practice, and know how to handle matters from a business point of view, which makes their services unique.’

‘The time reports are sent automatically, and one can see what is going on and the billing is in a practical and convenient way.’

‘Eduardo Montenegro is a capable and very smart lawyer, he knows how to support us in every part of the process, they always keep us up to date with developments and their response time is quick and efficient.’

‘They have a strong team of partners. Fernando Eraña has helped us with all the issues we needed help with along with his team of associates. Without a doubt their quick assignment of experts makes them an excellent choice.’

‘Efficient allocation of resources, there is always someone available to help us.’

Key clients

Creation Technologies

Moody’s Investors Service

Sumitomo Mitsui Banking Corporation



Micro Focus International

3D Systems


DMR Latam

K&M International (Wild Republic)

Palantir Technologies

Work highlights

  • Advising Palantir regarding all corporate matters of its Mexican subsidiary, Palantir Technologies Mexico.
  • Assisted Creation Technologies with the cross-border acquisition of Applied Technical Services.
  • Advised Moody’s Investors Service regarding its operations in Mexico.

Santamarina y Steta

World Law Group alliance-member Santamarina y Steta is a fixture of Mexico's legal market and has long maintained corporate and M&A work as the central pillar of its practice offering. With 25-year veteran transactional specialist Juan Carlos Machorro at the helm, the sizeable team is a regular advisor to a broad mix of domestic and international clients on day-to-day matters (including compliance), as well as significant -generally mid-market- M&A transactions, spin-offs, joint ventures and other operations, where it displays undoubted expertise. The team consists of a deep, partner-level bench of 10 highly experienced practitioners operating from the firm's offices in Querétaro, Monterrey and Mexico City, and backed by an associate group over 25-strong. Key practitioners include former managing partner Alberto Saavedra; firm chairman Jorge León-Orantes, César Cruz, José Ramón Ayala and of counsel Jorge Barrero, along with a younger generation that includes Carlos Argüelles, Pablo Laresgoiti and Ricardo Orea. The department, which is particularly active in sectors such as automotive and infrastructure, launched an M&A "task force" earlier this year, and brought in Ilse Bolaños as a senior associate from Creel Abogados, SC in March 2021.

Practice head(s):

Juan Carlos Machorro


‘Jorge Leon-Orantes and his team have at all times been very supportive, and provided very commercial advice in a collaborative manner. We feel extremely comfortable working them, as their responsiveness demonstrates that they too highly value the relationship’

Key clients

Airbus Group

Crédit Agricole

Groupe Français d’Informatique


IDK Capital

International Schools Partnership Limited

Knowlton Development Corporation

Martinrea International



Coty BV

Dell Technologies

Work highlights

  • Assisted Airbus in the implementation of “One Roof Project” which involves Airbus’ global corporate restructuring and cost-cutting plan of its Mexican companies.
  • Advised Crédit Agricole as to which where the regulatory steps required under Mexican law for the implementation of the joint venture at such jurisdiction.
  • Reviewed the corporate and regulatory information of El Corte Ingles’ Mexican subsidiary and delivered a due diligence report. Also participated in the transaction advising GFI in Mexican law aspects of the acquisition and regulatory steps required.

Sánchez Devanny

Sánchez Devanny houses a considerable, 30-strong practice that is well-versed in the handling of a broad range of corporate matters, including joint ventures, M&A, and corporate governance mandates, and that also has particular expertise setting up Mexican operations for foreign clients. The team offers an integrated service while concurrently operating from the firm's offices in Mexico City, Monterrey and Querétaro. It includes highly experienced cross-border transactional specialist Ernesto Silvas-Medina; Francisco Andres Gamez-Garza (corporate transactional work, infrastructure, real estate and commercial agreements); Humberto Morales-Barron, who also heads the corporate governance and regulatory compliance practice; and Mexico City managing partner Jose Antonio Postigo-Uribe.  With a decade at the firm, experienced senior associate Marisol González-Echevarría is also noted.

Practice head(s):

Gerardo Prado-Hernandez; Jose Antonio Postigo-Uribe

Key clients

Tele Pizza


Tempel Steel Company

Dematic Corporation

Sumitomo Corporation

Littler Mendelson

Kongsberg Automotive (and Mexican subsidiaries)

Repsol Downstream Internacional

Manufacturas Solco

John Varvatos Mexico

Work highlights

  • Assisted Tele Pizza with the drafting and negotiation of the joint venture agreement between Iberifood and Prime Restaurant Brands, for the acquisition of Desarrolladora Inmobiliaria de Restaurantes.  

CMS Woodhouse Lorente Ludlow

CMS Woodhouse Lorente Ludlow houses a growing corporate and M&A practice which is becoming more active within the firm´s niche strength areas, particularly TMT, energy, and projects and infrastructure, but also pharmaceutical and automotive. Heading the six-strong team are César Lechuga, whose expertise encompasses the design of complex corporate structures; and the recently promoted Giancarlo Schievenini, who was raised to the partnership in January 2021. Fellow partner Luis Fernández Lagunas and senior associate Gabriel Salinas Ruiz, who focus on M&A mandates in the energy sector, offer key support to the practice, which also boasts significant cross-border capabilities thanks to CMS' global network.

Practice head(s):

César Lechuga; Giancarlo Schievenini


‘They have a great knowledge of the practice and are very punctual in delivering their work. Their analysis of cases generates a lot of confidence, in particular, I feel very comfortable working with Giancarlo Schievenini.’

Key clients

Brookfield Global Renewable Energy Advisor



Boehringer Ingelheim

Emerging Markets Property Group

Leadec Holding


Andean Social Infrastructure Fund I

WRB Serra Partners Fund

CKD Infraestructura Mexico / Caisse de dépôt et placement du Québec

Hikvision Mexico

Miraclon Corporation

Work highlights

  • Advised on the due diligence and transaction completion process for the acquisition of 29 photovoltaic projects from X-Elio’s, located in Mexico, Peru, South Africa, Spain and United States owed by X-Elio
  • Advised Colgate-Palmolive on the Mexican tranche of the acquisition of Laboratoires Filorga Cosmétiques (Filorga) for an equity purchase price of approximately $1,6m.
  • Advised the client on the acquisition of shares in DCS Pharma Mexico.  

Creel Abogados, SC

Renowned market presence, Creel Abogados, SC, boasts a nine-partner team with a solid transactional expertise across different sectors and industries –regulated and unregulated-, handling M&A deals, corporate mandates and joint ventures, and a particular experience in corporate governance. The practice, led by senior partner Carlos Creel -who has substantial experience in corporate finance transactions, including acquisition financing, with which he complements his corporate practice- has been notably reinforced over the last year, initially with the May 2020 hire of experienced partner Andrés Nieto, (banking and finance, fintech, capital markets, corporate law, M&A, private equity and arbitration), from Von Wobeser y Sierra, SC. The subsequent October 2020 arrival of transactional specialists Cesar Morales and Diego Valdes, followed by that of Pablo Arellano in February 2021 (all from Deloitte Legal Mexico); constitutes a huge expansion of the firm’s expertise and capacity. With over 20 years representing Mexican and foreign companies, including private equity firms, mainly in the financial and real estate sectors, partner Gustavo Struck Creel is another key member of the team. Since publication, Nieto has moved to Norton Rose Fulbright - effective as of April 2022.

Practice head(s):

Carlos Creel

Key clients

Onex Corporation (ONCAP)

Pernod Ricard

Gestamp / Edscha


Grupo Salinas / TV Azteca

Sony Pictures Entertainment


Groupe Danone

Grupo Devlyn

Grupo Siete Leguas


Warner Bros

Maristas Brothers

Financiera Auxi

American Airlines

Kerzner Group


Sercotel Hotels




Daimler Mobility


Promotora y Desarrolladora Mexicana (Prodemex)

One Rock Capital Partners

Grupo Positano

Boehringer Ingelheim

Unities Alliance Group

The Dow Chemical Company

Cummins Inc

Pointer Telocation

American Sugar Refining


Parker Hannifin

Holberton Schools

Sea Group

Work highlights

  • Assisted Singapore-based internet platform based Sea Group establish its presence in Mexico.
  • Advised WEX on its $1.7bn acquisition of B2B transaction-optimisation specialists Optal.
  • Assisting Financiera Auxi, a Mexican non-bank financial entity (SOFIPO), in negotiations with two investment funds regarding the sale of the majority of the corporate capital of Auxi.


Over the five years since the Spanish law firm opened its doors in Mexico, Cuatrecasas has steadily strengthened its presence and knowledge of the local market, regularly advising a number of local and international companies -especially financial institutions and players from the energy and hospitality sectors- in their local and cross-border transactions. Department-head Santiago Ferrer, who has a solid reputation and experience in the corporate arena, leads the 10-strong practice. He specialises in M&A and competition matters, and also has extensive experience in co-investment and financing. Key support comes from fellow partner José Higinio Núñez (who is experienced in joint investments and financing, as well as on regulatory matters), and from the firm's network, most notably its Spanish offices.

Practice head(s):

Santiago Ferrer


‘Their availability and proximity were essential to the success of the transaction, as well as their ability to manage complex contractual issues with an unsophisticated client’

‘Santiago Ferrer and Fernando Ruiz did an extraordinary job, both with the client and the counterparty, in perfect harmony and synchronization with the financial advisor in the process. I would highlight their availability, proximity, pragmatism, proactivity and efficiency’

Key clients

Grupo Renovables Agrícolas

Reden Solar

AES México


Mexico Ventures

Airlife International

Europastry Mexico

Grupo Capistrano Alimentari


Fibra Orion

Work highlights

  • Advised Grupo Renovables Agrícolas on the $35.6m acquisition of a minority stake in a fruit production company in Mexico.
  • Advised Reden Solar on the $40m  acquisition of the Kambul photovoltaic plant in Yucatán, Mexico.
  • Advised CVC Corp on the €77m acquisition of a travel agency and related services company in Mexico.  

DLA Piper Mexico

Supported by the firm’s global office network and M&A practice group, DLA Piper Mexico boasts an established corporate practice co-led by managing partner Eduardo Gallastegui and fellow 25-year-veteran Xavier Mangino Dueñas. It receives a healthy flow of inbound investment mandates, and has recently undertaken significant inbound cross-border M&A in the pharmaceutical and media sectors; it is, moreover, a key component in the firm’s increasingly busy regional practice. Additional partner level capability is provided by Jorge Benejam (M&A, anti-trust and regulated markets’ matters); and Edgar Romo, who covers mergers and acquisitions, finance, banking, real estate, capital markets, and corporate governance. Key associate support comes from seniors Manuel Hallivis and Adolfo Obregón. Since publication, the firm has hired former practice co-head Álvaro Garza-Galván and fellow corporate practitioner Mauricio Valdespino, part of a six-strong influx of partners from White & Case S.C. in January 2022.

Practice head(s):

Xavier Mangino; Eduardo J. Gallastegui


‘Xavier Mangino has a lot of experience in corporate matters. He is very good at handling tax structures and always comes up with solutions’

Key clients


Qualitas Controladora

Grupo Sports World

Proteak Uno


Grupo Cosbaj

Servicios Broxel

Información Integral 24/7


Genomma Lab

Twilio Inc.

Work highlights

  • Advised in connection with the acquisition of Solvay´s global polyamides business. Value €1.3bn.
  • Advised in the implementation of a corporate and market strategy for the company restructure through a capital increase resulting in the issuance of 150’000,000 shares. Value $86m.
  • Advised in the development and implementation of a corporate and market strategy for the company restructure through a capital increase resulting in the issuance of 12´500,000 shares. Value: MXN $100 million.


Spanish full-service firm Garrigues continues to develop its footprint and profile in the Mexican corporate and M&A market, thanks to an ‘excellent team’ -13-strong- which garners praise for its ‘technical knowledge and commitment to the client's needs’. Fronting the team are Gabriela Pérez Sierra, who has a focus on cross-border M&A and financial transactions, real estate, fintech and start-ups; and the ‘outstandingGerardo Lemus, who has over 25 years' experience in M&A and other corporate mandates, and has also developed a niche expertise in telecoms infrastructure, from financing to marketing and operation. The practice, which benefits from its established brand, particularly with Spanish and US companies engaged in cross-border transactions, also houses a capable second line of advisors, most notably senior associates Miguel Ángel Rocha and Eduardo Gómez. However, former senior Miguel Ángel de la Fuente moved to DAC Beachcroft Mexico in August 2020.

Practice head(s):

Gerardo Lemus; Gabriela Pérez


An excellent team. The team’s deep technical knowledge and commitment to the client’s needs, as well as their dedication, make them stand out very favourably when compared to other firms.

Their collaboration is remarkable, even during the most difficult months of the pandemic.

Gabriela Pérez Sierra is a friendly person and an excellent lawyer, always ready to support the client’s queries. Daniel González Delgado is a brilliant lawyer, committed and creative in finding solutions to complex problems. His attention to detail and understanding of the business makes his approach to matters much more comprehensive than that of professionals from other firms.’

They are experts in energy matters.

Gabriela Perez always gives a personalized service and is very knowledgeable about local laws.’

We have full confidence in their work and excellence and the possibility of being able to delegate matters to them without having to be on top of them.

Gerardo Lemus is outstanding.

The team is very conscientious of time, billing and deliver work with great quality.’

Key clients

American Tower

P&T Global Renewable Energy

Redpoint eventures

Howden Broking Group

Surteco Group

Vulcan Capital Overlake Opportunities

Alivio Holdings

Aggity Europe

Work highlights

  • Advised Vulcan Capital and Freedom Financial in the $24m acquisition of a relevant minority participation in the capital stock of Resuelve tu Deuda.
  • Advised Aggity Europe on the acquisition of MEXIS, a Mexican company that provides IT and cybersecurity services in Mexico.
  • Advised Howden on the acquisition of 51% of Mexico-based retail insurance broker Administración de Riesgos Agente de Seguros (ADRISA).

Holland & Knight

Strengthened by the firm's August 2021 merger with the former Thompson & Knight LLP, and benefiting form the firm’s solid international network, Holland & Knight's Mexican office is an outstanding choice, primarily for foreign -predominantly US- clients, arriving and operating nationally, or requiring assistance with joint venture contracts, reorganisations, corporate restructurings, spin-offs, mergers and dissolutions. Managing partner Luis Rubio, who is particularly well-known for his expertise handling transactional TMT mandates, heads the practice, closely supported by TMT-specialist Octavio Lecona, and Alejandro Landa, whose broad corporate practice takes in a range of energy, finance, transactional and real estate matters. Senior counsel Selene Espinosa is another key asset of the department, which also assists with the management and processing of all types of permits or governmental authorisations.

Practice head(s):

Luis Rubio

Key clients

Eddyfi NDT

Azelis Americas

Work highlights

  • Assisted Eddyfi NDT with the restructuring of a credit to comply with the corporate requirements for an M&A investment.
  • Representing Azelis Americas on the acquisition of Mexican entity Megafarma, a distributor of raw materials for the pharma, food, pet and dietary supplements industries.

Ibarra, del Paso y Gallego

Partner Gerardo Gallego Díaz de León, who garners praise for his ‘extensive knowledge of corporate matters’, heads the practice at Ibarra, del Paso y Gallego, where he deploys his more than 15 years' experience advising foreign and domestic investors doing business in Mexico. The seven-strong department has considerable experience participating in stock and asset transactions, as well as real estate property purchase and sale agreements, joint ventures and mergers and acquisitions, among other matters. Additionally, it assists companies with the preparation, negotiation and review of all types of contracts and commercial agreements. Further partner level input comes from Rodrigo de los Ríos (banking and finance, capital markets, M&A, and real estate); while associate Fernando González Gómez provides key support. However, corporate, project finance and tax partner Carlos Pérez-Chow left the firm in February 2021.

Practice head(s):

Gerardo Gallego Díaz de León


‘Gerardo Gallego offers personalised attention and extensive knowledge of corporate matters.’

‘They have a very high level of dedication to the profession and to the service they provide to clients; in particular, in the sense that the attention they give to the points important to them. They are very meticulous, but without being pretentious.’

Key clients

McCormick Pesa

BioTe Medical

Callison RTKL

Blu Cargo & Logistics

Kuha Wellness Community Centers

Rumbo Estratégico


Work highlights

  • Representing McCormick Pesa on all corporate governance matters, as well as in relation to the legal aspects of contracts and business transactions, and a corporate restructure of the entity.
  • Advising and representing BioTe Medical in the USA for the purposes of incorporating a joint venture company with a multi-brand Mexican corporate group in order to start business operations in Mexico and Latin America.
  • Representing Blu Cargo in business transactions, corporate legal maintenance and contract negotiations and in general day-to-day business legal assistance.

Jáuregui y Del Valle, S.C.

With a four-decade presence in the market, Jáuregui y Del Valle, S.C. houses an experienced department which covers an array of matters including local and cross-border M&A, corporate governance, distribution agreements, joint ventures, and restructurings. Leading the department is Miguel Ishii Yokoyama, who is also actively involved in the structuring, negotiation and documentation of loans and financings. Other key practitioners include María del Pilar Labastida (corporate/M&A, commercial matters, company law and foreign investment), and senior associate Alejandro Creel Ysita, who is experienced in the real estate, automotive, private equity and retail sectors, among others.

Practice head(s):

Miguel Ishii Yokoyama


‘They are formidable lawyers, committed to the safety and well-being of their clients. They give every assurance of being in good hands.’

‘They are very friendly and warm, and their advice is very robust.’

‘With Jáuregui y Del Valle it is possible to draw on experts in different areas who offer comprehensive advice.’

Key clients

Banco Santander de Mexico

Suzuki Motor de México

Grupo Sicrea

Berwind Corporation

FXI Holdings

Brambles Business Services México

Grupo Zapata

Miniso México

Emerson Group

Grupo Hojel

Dechra Pharmaceuticals

Work highlights

  • Advised Banco Santander México on the acquisition of Elavon México for approximately $86M.
  • On-going corporate up-dating, corporate control and housekeeping at various of the Mexican subsidiaries of the Emerson Group.
  • External legal counsel to Suzuki on Mexican general corporate legal matters.

Kuri Breña, Sánchez Ugarte y Aznar

Kuri Breña, Sánchez Ugarte y Aznar remains an active name in the corporate transactional arena (particularly among investment-fund clients), thanks to a 19-strong team which has wide-ranging expertise handling cross-border mandates, joint ventures and commercial agreements, among other matters. The department houses prominent practitioners including Daniel Kuri Breña, who also has considerable expertise in capital markets, and mainly handles joint ventures and acquisitions; and Jesús Sánchez Ugarte, who focuses on buyouts and joint ventures, particularly in relation to the real estate, infrastructure, manufacturing and finance sectors. Partners Luis Octavio Núñez and Rodrigo López Márquez are other important members of the team.

Practice head(s):

Daniel Kuri Breña Romero de Terrero; Luis Octavio Núñez Orellana; Jesús Sánchez Ugarte

Key clients

Alter Enersun México

Freshbooks (1924345 Ontario Inc.)

Subsea 7

Work highlights

  • Advised Spanish company Alter Enersun on the preparation, negotiation, execution and closing of the share purchase agreement and ancillary documents for the sale of its Mexican subsidiary, AEM, to Reden Solar Group.  
  • Assisted Freshbooks with the due diligence, negotiation and drafting of the documents (corporate, labour, and contractual) required to acquire Facturama.
  • Advised Subsea 7 on the termination of its joint venture with Blue Marine.

Mayer Brown Mexico, S.C.

Partner Raúl Fernández-Briseño, who boasts a strong track record in M&A, financing and restructuring matters across a wide range of industries, heads the growing corporate department at Mayer Brown Mexico, S.C. The team, which is closely backed by the international firm's offices in Houston and Washington, covers a wide range of matters including acquisitions, shareholders' arrangements, cross-border transactions and corporate disputes, and houses a particular expertise in the spirits and maritime industries. Energy specialist Francisco Mendez also leans into corporate practice, although key support comes from associate Julio Martínez Rivas who is already leading on certain mandates and -given his client-relationship skills- is undoubtedly one to watch. Further evidence of the office's increasing capacity in this area was the August-2021 hire of former White & Case S.C. corporate practice co-head Francisco García-Naranjo, who has considerable experience in regulatory matters and financial and foreign investment transactions.

Practice head(s):

Raúl Fernández-Briseño


‘Outstanding teamwork and client service. Mastery of various matters that transactions require.’

‘The client orientation and thoroughness in the detail they transmit gives confidence to decision makers so that transactions are closed.’

‘The Mayer Brown team adapts perfectly to our requirements, their attention is very personalised and they complement us with all the skills that their staff have.’

‘They are very prepared people who are always at the forefront and feel part of the internal team of the company as their attention is very personalised.’

Key clients

Casa Lumbre

Siemens Financial Services

Exitus Capital

Equity International Management

Ventee Privee

Palisades Global

Casa Montelobos

Work highlights

  • Advised Casa Lumbre on the incorporation of CL SP Fund II as a Mexican Trust with Banco Actinver, as tustee, Casa Lumbre as General Partner, and different investors, as limited Partners; the operation included a capital raise of approximately $30m.  
  • Representing DuBois Chemical and its affiliates on the equity and assets acquisition of Milacron LLC’s affiliates.
  • Advised Exitus Capital on the acquisition of a 55% equity participation in CV Credit.  

Sainz Abogados

Sainz Abogados, formally founded in November 2020 following the dissolution of Cervantes Sainz, covers a broad range of corporate transactional matters such as restructurings, M&A, joint venture transactions (including antitrust issues) and private equity transactions, along with governance issues and company law matters. Octavio Hernández Negretti, who is skilled in cross-border corporate and financing transactions – particularly for the private equity segment, heads the department. He is closely supported by accomplished practitioner and founding partner Alejandro Sainz (a 30-year veteran who heads the firm’s signature bankruptcy practice), real estate-head Daniel Saltzberg, and corporate and commercial all-rounder, Santiago Alessio. Experienced associate Rodrigo Guaida is also noted. Since publication the firm has broadened its service offering with the February-2022 hire of leading compliance practitioner Hugo Lopez-Coll, formerly head of the practice at Greenberg Traurig, S.C.'s Mexico office.

Practice head(s):

Octavio Hernández; Alejandro Sainz

Key clients



CRM Synergies


Water Capital (WCAP)

Grupo Lomas Travel

Work highlights

  • Advising Veritiv on corporate matters in Mexico, including corporate governance, real estate matters, and commercial contracts with suppliers, vendors and clients.
  • Advised Coppel on corporate and contractual matters, including corporate governance, commercial contracts, and M&A transactions.
  • Advising Grupo Fabril de la Moda on the structuring of a transactionby which it will raise capital to cover debt and working capital requirements, in exchange for a 40% equity participation in the company; also assisting with the establishment of corporate governance going forward.

SMPS Legal

The accomplished practice at SMPS Legal demonstrates solid expertise across a broad swathe of corporate activity, boasting a particular niche strength handling transactional strategic planning and the implementation of those strategies. The 11-strong department includes a group of talented partners, notably: Juan Pablo Visoso, who has more than 10 years' private-sector experience heading an investment fund; Iván Pérez, who has financial vision with a banking focus; dedicated M&A and real estate specialist, María Teresa Paillés; Eduardo Pizarro, who is known for his corporate and M&A advisory, and finance and joint ventures expertise; and corporate, transactional, and real estate-specialist, María Esther Rey. US-based partner Alejandro Ortiz specialises in assisting companies establish and operate in Mexico.

Practice head(s):

Eduardo Pizarro


‘The team is robust enough to have different areas of expertise. Their broad knowledge of tax and legal issues makes them unique. Having both practices within the same firm makes the process flow better.’

‘We work primarily with Andres Pizarro. His dedication to service and his mastery of the subject matter are his main attributes.’

‘SMPS has an excellent personalised service and is always oriented to facilitate M&A transactions, anticipating possible points of discussion to seek early solutions and achieve amicable agreements and closings, always thinking of their client but with the ethics and responsibility to take care of both parties.’

‘Although they use technology, the treatment and assistance is personal and human at all times. They also know how to interact with other firms in a friendly way.’

‘María Esther Rey has demonstrated over the years that she is an ethical, humane and professional person. She makes you feel at home, and treats you like a close friend, which generates a lot of peace of mind, because you know that at all times she is looking after your interests and risks, but without affecting other parties.’

Key clients

Bocel Private Equity

ATCO Group

AWA Holdings

Avo Asymetrica

Inmueble Efectivo

Somaki de México


Inmobiliaria Centro Mundial de Comercio

Indigo Capital

MCA Group

Cimbra Capita

Work highlights

  • Represented the client in the acquisition of Alto Diseño/Espacio Movil; deal value, $25m.
  • Advising MCA Grupo on opening its Mexican subsidiary and acquiring two of Grupo TRS’s subsidiaries; deal value: $10m-plus.
  • Advisor to Bocel Private Equity on the fundraising for its first fund, participating in the design of the private equity fund, the drafting of all legal documents and the negotiation with anchor investors, along with defining the vehicles that will be part of such fund.

Aziz & Kaye Business Law

Founding partners Luis Alberto Aziz and Allan Kaye head the eight-strong corporate and M&A practice at boutique firm Aziz & Kaye Business Law. Aziz brings notable expertise in transactional and competition mandates to the table, while Kaye's practice focuses on transactions involving share and asset purchases and sales and joint venture structures, along with shareholder agreements and other commercial transactions. Senior associate Rebeca Sánchez Pérez left the firm in 2020.

Practice head(s):

Luis Alberto Aziz Checa; Allan Kaye Trueba

Key clients

América Móvil

Grupo Aura

Biomedica de Referencia


Nexxus Capital


First Cash


Vicky Form

Palacio de Hierro

Artha Capital

Work highlights

  • Advising Grisi Hermanos in relation to an agreement with British multinational pharmaceutical company GlaxoSmithKline for the acquisition of three over-the-counter brands in Mexico.
  • Advised Biomedica on the implementation of a strategic alliance with Grupo de Diagnostico Aries.  
  • Advised Integrated Gas Services de México on the acquisition of 55% percent of the capital stock of a special purpose vehicle for the acquisition of an energy co-generation plant located in Zacatecas, México.

Chevez Ruiz Zamarripa

Mexican tax powerhouse Chevez Ruiz Zamarripa houses a fast-growing transactional practice which, combined with the firm’s first-class tax department, makes it a reliable option to handle domestic and cross-border transactions such as M&A, joint ventures, strategic alliances, shareholders controversies and corporate restructurings. The practice, which is lauded for its ‘excellent knowledge of the subject’, is led by Miguel Valle and Ana Sofía Ríos, and was notably reinforced in May 2021 with the arrival of partner Jimena González de Cossío, formerly the head of legal at EY Mexico. Key support comes from senior associate Fernando González who, since publication, has been raised to the partnership - effective December 2021.

Practice head(s):

Miguel Valle; Ana Sofía Rios


‘They have excellent knowledge of the subject and experience. The practice fields prepared and specialised lawyers (both women and men) and has technological tools that other firms in Mexico do not have.’

‘Their individuals stand out for their capability, experience, criteria, response times, availability, engagement, efficiency, pro-business mindset and the way the treat clients, they’re hard working team players, especially Miguel Valle, Fernando Gonzalez and Laura Hernandez.’

Key clients


Circus Marketing

Denso Mexico

Cloud Kitchens





Bio Products Laboratory

Envista Forensics

Grupo Expansión

Grupo Industrial Saltillo




Corporación del Fuerte





Operadora Lakahn / Sancus Capital

Grupo Flexi

Grupo Servicios de Transporte



El Palacio de Hierro


Designer Perfumes






Mezcal El Silencio



Superior Industries



Work highlights

  • Advised DuPont on the worldwide merger of its nutrition and bioscience businesses with those of IFF.
  • Advised Circus Marketing on its acquisition by MediaMonks.
  • Advised Denso Mexico on the integration of Asmo Mexico’s business.

Deloitte Legal Mexico

Deloitte Legal Mexico features a reputed and well-respected M&A practice, which is a regular choice for both national and international clients, especially for cross-border M&A, joint ventures and restructurings. A well-known figure, Ramón Bravo is the firm's S-Latam Region Legal Leader and Global Leader for corporate law; he heads the department together with Monterrey based partner Luis Lavalle, who has participated in several international corporate transactions involving global companies, including divestitures, mergers, acquisitions and financial transactions. Providing key support, Martín Cortina, Claudio Kurc and Berenice Rivas comprise a solid second line of senior associates. However, former practice head Diego Valdes, and partners Cesar Morales and Pablo Arellano, left the firm in September 2020 to join Creel Abogados, SC.

Practice head(s):

Ramón Bravo Herrera; Luis Lavalle


‘The team is prepared with knowledge of the physical reality of the client’s needs. They are very dedicated and constantly follow up on the matter entrusted to them.’

Vega, Guerrero & Asociados

Partner Joaquín Vega Martínez, regarded by a client as ‘an impressive negotiator and an excellent strategist’, heads the transactional practice at Vega, Guerrero & Asociados. Designing ‘a tailor-made suit for each client’, the team has a focus on advising foreign companies on the incorporation, organization, and start-up of their Mexican subsidiaries, as well as obtaining all the necessary licenses and authorizations to operate in Mexico. The firm's client roster encompasses a wide range of industries, particularly automotive, information technology and infrastructure. San Luis Potosi-based associate practice director Aldo Muñoz handles non-transactional corporate matters.

Practice head(s):

Joaquín Vega Martínez


‘They provide you with all the necessary information in detail and are very attentive to meeting the agreed dates. They provide solutions to any unforeseen event or need on the part of the client.’

‘They have exceptional business sense, coupled with their excellent technical knowledge.’

‘Joaquin Vega is an impressive negotiator, which is complemented by his skills as an excellent strategist, definitely a born leader for our M&A operations. Aldo Muñoz has a very high capacity to process large volumes of information with a speed superior to most lawyers, along with his high attention to detail. Montserrat Abogado has excellent attention to detail and the ability to understand the motivations of the other party, his involvement ensures the success of our transactions. Andrea Vázquez is the perfect combination of experience and youth.’

‘Joaquín Vega is the leader of the team, I have no doubt that he should be among the leaders in the industry. Despite his youth, he is widely recognised in the industry for his ability to think outside the box when proposing solutions. His way of engaging with his clients’ issues is astounding.’

‘They have a culturally diverse team, the personalities and backgrounds of the team members allow them to have a broad overview of our company’s commercial alternatives when evaluating options.’

‘When you work with them they make you feel like you are their best client. They definitely design a tailor-made suit for each client.’

‘Joaquin Vega is the best definition of a generalist. He understands in sufficient depth most of the issues that arise in operations, without the need to rely on large groups of colleagues that make operations less versatile.’

Key clients

Construcciones Rolfe

SVI Public Company

02X Zero to X


TechMahindra México

Promociones Vanguardistas del Centro

Seasons Investments

Doca Concretos


Solar Profit Energy Systems

Work highlights

  • Assisted Odelo with closing the negotiation for a third-party investment of MX$110m to build a plant in Mexico.
  • Advised SVI Public Company on its expansion into Mexico by setting up operations in Mexico City and Guadalajara.  
  • Assisted Solar Profit with the negotiation and drafting of a supply agreement to be entered with equipment suppliers -from Japan, China and Germany- so as to complete its project.