Firms To Watch: Corporate and M&A

Monterrey-based firm Canales Abogados is well-versed in transactional mandates emerging from the real estate sector; Ana de la Paz Parga  and Bernardo Canales  are the key contacts.
Patricio Gorozpe heads the practice at boutique firm Kavanagh Gorozpe, which counts joint ventures, M&A, real estate and corporate restructuring mandates among its main strengths.
Ana Laura Gurria  and Juan Daniel Rodriguez  comprise the core of the practice at boutique firm Rodriguez Rueda Abogados, which advises start-up companies, domestic institutions and multinational groups.

Corporate and M&A in Mexico

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

Creel, García-Cuéllar, Aiza y Enríquez, S.C. draws praise and recognition for its stellar corporate and M&A department, which stands proud as a force to be reckoned with when it comes to handling complex and innovative transactions in Mexico. The ‘very professional, dedicated and experienced’ practice, which is recommended for its ‘excellent service and outstanding quality of the work’,  is a recurring ‘go-to option’ for a number of large multi-national corporations, Mexican conglomerates, private equity funds, real estate investment funds, investment banks, foreign and domestic investors and global development institutions. The group boasts specialist knowledge across a variety of industry sectors and is jointly led by the renowned Jean Michel Enríquez  , who shows great facility handling private and public M&A; and Iker Arriola , whose expertise encompasses mergers and acquisitions, corporate law and antitrust. The deep bench of expert practitioners also includes Eduardo González  , who some consider to be ‘the best M&A lawyer in Mexico’; real estate specialist Carlos del Río  ; Jorge Montaño  , who has a focus on private equity, venture capital and capital markets transactions; Humberto Botti  , who handles domestic and cross-border acquisitions and divestitures; and Diego Barrera  , who was promoted to partner in January 2022, and garners praise form clients for his ‘great negotiation skills’. Moreover, in a notable move in August 2022, the firm announced the opening of an office in Madrid, Spain; to be led by Arriola, it will only advise on Mexican law and is expected to be fully functional by January 2023.

Practice head(s):

Jean Michel Enríquez; Iker Arriola


They are a very professional, dedicated and experienced team. They offer excellent service and outstanding quality of the work.’

Very commercial, experienced and responsive. We regard them as our go-to option in Mexico and would not have executed transactions without their diligence, guidance and expertise.’

Jean Michael Enriquez and Diego Barrera Pieck, are sophisticated lawyers with strong commercial awareness, who provide the highest level of client service.’

Creel is a highly service-oriented firm with strong commercial awareness and very sophisticated M&A expertise, among the most sophisticated of all the local counsel with whom we work.’

Eduardo González, is surely the best M&A lawyer in Mexico. He has solid technical knowledge and great experience.’

Diego Barrera: highly commercial, creative and flexible/responsive. Great negotiation skills. Good sense of humour too, and great to work with. Carlos Del Rio: very experienced, giving strategic and wise counsel throughout.’

Key clients

Global Infrastructure Partners

Kohlberg Kravis Roberts

Canadian Pacific Railway

Aimbridge Hospitality

Advent International Corporation

Live Nation Entertainment


Financiera Independencia


IDB Invest


Genomma Lab

Caisse de dépôt et placement du Québec (CDPQ)

Black Creek Mexico



Work highlights

  • Advised Global Infrastructure Partners on the acquisition from Actis of Saaví Energía, and the refinancing of the company’s existing debt.
  • Advised Canadian Pacific Railway in connection with the 100% acquisition of Kansas City Southern in exchange of stock and cash representing an enterprise value of approximately $29bn.
  • Advised Live Nation Entertainment on the acquisitions of 51% of the shares representing the capital stock of OCESA Entretenimiento, 40% owned by Grupo Televisa, and 11% owned by CIE.

Galicia Abogados S.C.

Widely recognised as one of Mexico’s leading transactional teams, the practice at Galicia Abogados S.C. has proven expertise and an extensive track record advising on complex M&A transactions and a broad range of corporate matters, including domestic and cross-border M&A, private equity and strategic investments, joint ventures, buyouts, divestments, and spin-offs. Key partners José Visoso, who provides additional experience as regards the private equity segment; and Ignacio Pesqueira, who also co-heads the compliance, competition and wealth management practices; co-lead the department. The group operates solidly across numerous industries, including infrastructure, energy, financial services, real estate, hospitality, and telecommunications, and works seamlessly with other areas of the firm. Moreover, the sizable practice houses a number of additional leading practitioners in the Mexican corporate arena, notably senior partner Manuel Galicia; Christian Lippert, who is also experienced in competition and antitrust; Héctor Kuri, who is particularly well-versed in mining transactions; and the technology focused Ricardo García. At associate level, seniors Roxana Schäfer (M&A, real estate and private equity); María Fernanda Luna (M&A; private equity) and Mariana Islas (M&A – particularly as regards infrastructure, real estate and manufacturing) are the names to note. The practice group was further strengthened in August 2022 with the arrival of Carlos Obregón Rojo, formerly practice co-head at Ritch, Mueller y Nicolau, S.C..

Practice head(s):

José Visoso; Ignacio Pesqueira

Key clients


Abertis Infraestructuras

Advent International


Arca Continental

Balam Fund

Banco de Sabadell

Banco de Santander




Cofra Holding

CHPAF Holdings





China Construction


Club Premier Aeromexico



EDPR Mexico | EDP Renováveis

EMX Royalty Corporation

Equinox Gold Corp



Grupo México (División Infraestructura)

GIC Special Investments

Grupo Sordo Madaleno

Grupo Azucarero Mexico

Grupo Modelo


Intel Corp.



KPS Capital Partners

Leagold Mining Corporation

Macquarie Capital

Northgate Capital


Organización Soriana


Profuturo GNP


RLH Properties



Smurfit Kappa

Silver Wheaton Corporation


SSA (Carrix)

Tokyo Gas America


Victory Park

Vertex Real Estate

Warburg Pincus (Genstar Capital)

Work highlights

  • Representing Univision in relation to the merger of its content and media assets with Grupo Televisa with the aim creating the largest Spanish-language media company in the world.
  • Represented SoftBank, as investor, regarding its participation in the merger between Grupo Televisa and Univision.
  • Acted as Mexican counsel of Arkema in relation to the divestment of Arkema’s polymethyl methacrylates business (PMMA) to Trinseo.

Mijares, Angoitia, Cortés y Fuentes S.C.

Mijares, Angoitia, Cortés y Fuentes S.C. appeals to clients for its ‘incredible services, high-quality legal advice and analysis’, as well as for its ‘great customer service’. Twenty-five years' ‘extensive experience’ in the corporate and M&A space advising buyers, sellers and investors on a variety of domestic and cross-border transactions, attest to the group’s strength in this field, establishing it as a firm of reference for both domestic and international clients, including private equity funds in Mexico. The department boasts a solid array of talent, including Ricardo Maldonado, who also focuses part of his practice to corporate governance mandates; Patricio Trad, who is particularly experienced in corporate transactions and structured finance matters; and Martín Sánchez, who of late has led acquisitions in the energy field. Closely supporting them is a bench of impressive younger partners composed of Patrick Meshoulam, Carlos Jiménez and Francisco Glennie. The pharmaceutical, real estate, infrastructure, energy and TMT sectors are among the department's mainstays. Recent work highlights include representing Televisa in the merger of its media, content and production assets with Univision.

Practice head(s):

Pablo Mijares; Francisco Fuentes; Ricardo Maldonado; Patricio Trad; Lorenza Langarica; Francisco Ibáñez; Martín Sánchez; Eugenio Macouzet; Ignacio Armida


Incredible service, high-quality legal advice and analysis, as well as great customer service.’

It is a skilled team, with extensive experience in relevant matters.’

Martín Sánchez and Carlos Jiménez are capable collaborators interested in understanding the business.’

Key clients


Fibra Mty

Perrigo Company


Medline Industries

Aerodrome Infrastructure

Acon Investments

Grupo Televisa

IEnova (Infraestructura Energética Nova)

American Industrial Partners



Work highlights

  • Represented Televisa on the merger of its media, content and production assets with Univision.  
  • Represented Perrigo Company on the divestiture of its pharma business in Mexico and Brazil to Advent International.
  • Advised Aerodrome Infrastructure on the structuring, authorisation process and launching of a tender offer to purchase up to 24.9% of the shares of capital stock of Grupo Aeroportuario del Centro Norte for approximately $668m.

Nader, Hayaux y Goebel, SC

Nader, Hayaux y Goebel, SC's corporate practice is recommended for its ‘ability to truly understand what the company wants and provide the specific options to achieve it’. Fronted by market-stalwart Nader Michell, the department assists renowned international and local clients -particularly from the insurance, finance and telecoms sectors- with a broad range of transactionl matters, including M&A, joint ventures, spin-offs and private equity buyouts. The team, which garners additional praise for its ‘great availability and legal knowledge’, houses an enviable roster of talent, including Hans Goebel, who has a focus on M&A and private equity transactions; real estate and finance expert Julián Garza; Yves Hayaux-Du-Tilly, who heads the London office and has a strong specialism in the insurance sector; and Luciano Pérez, who is particularly adept at handling private equity-driven M&A. Associate Miguel Ángel González is another name to note. Recent work highlights include steering the Mexican portion of the acquisition of Sirius Computers Solutions for $2.5bn. Former partner Diego Sanchez Villarreal left in February 2021, while former senior associate José Manuel Zavala was promoted to of counsel in March 2022.

Practice head(s):

Michell Nader


The speed and creativity with which they deal with different situations is outstanding. For me, it is the firm that has best known how to interpret the needs of my company. They make appropriate use of technology.’

What really sets them apart is their ability to truly understand what the company wants and provide the specific options to achieve it.’

Experience, knowledge and analysis with judgement and certainty.’

Yves Hayaux is an expert in the area of health and climate governance. The macro and micro vision he has makes him unique in the field.’

The team has all the experience and constant training.’

Excellent customer service, great availability and legal knowledge.’

I have worked mostly with Hans Goebel and Miguel Angel Gonzalez. At other times with Hector Arangua. The team is very client service oriented, very proactive and always has an eye for business sense, protecting the client’s interests.’

Key clients



Colony Capital

Telefonica Movistar




Grupo Salinas / Elektra




Grupo Murano

Index Ventures and Sofía Holdings Limited

Principal Financial Group


Grupo Acosta Verde

CDW Corporation

Filtrox Holding

Work highlights

  • Advised CDW Corporation on the Mexican aspects of its $2.5bn cash acquisition of Sirius Computers Solutions.
  • Avised Sofia Salud on the investment it received from private equity fund Index Ventures IX (Jersey) through the acquisition of shares representing 16.78% of the capital stock of Sofia Holdings Limited, the holding company controlling Sofia Salud.
  • Advising Grupo Murano on a proposed joint ventures with commercial partners and real estate managers and developers with respect to the financing, development and management of real estate properties located in Mexico City and Cancun worth over $1bn, and which will function as hotels operated by Wyndham and AMR Resorts.

Ritch, Mueller y Nicolau, S.C.

Ritch, Mueller y Nicolau, S.C. impresses with the ‘breadth and depth of the partners’ experience’, their level of ‘attention to detail’ and ability to tend to a variety of clients regarding a wide range of matters, particularly related to the real estate, infrastructure and financial areas. Folloiwng the August-2022 departure of former practice co-head Carlos Obregón Rojo, the department is led by acclaimed capital markets powerhouse, Luis Nicolau , who also brings particular fintech expertise to the practice. The bench has great solidity and also includes key practitioner Jean Paul Farah ; along with up-and-coming younger partners Eduardo Triulzi ; Gabriel Robles , who always ‘ensures speed and diligence in the M&A process’; and Héctor Cárdenas Ortega (M&A and real estae), who was raised to the partnership in January 2022. Senior figure Rodrigo Conesa Labastida  moved to an of counsel position at the firm the same month. At associate level, senior Eric Silberstein   and transactional adviser Lucía Ibañez Tirado  are the names to note at associate level. Among recent work highlights, the group represented Grupo Copri and its shareholders, on the sale of 100% of the company’s shares to Macquarie. Since publication, Silberstein has been raised to the partnership - effective as of October 2022.

Practice head(s):

Luis Nicolau


What makes Ritch Mueller and Nicolau SC unique is the breadth and depth of the partners’ experience and how they pass on that know-how to junior lawyers.’

‘Compared to other firms, Ritch has better talent at the senior and middle levels and the involvement of these partners in the day-to-day work with their clients.’

They stand out for the involvement of senior partners and their attention to detail. Luis Nicolau and Gabriel Robles are exceptional and the combination of the two ensures speed and diligence in the M&A process.’

Key clients

Kala Capital

EMX Capital

Discovery Americas

Grupo Copri

Martin Marietta Materials

Macquarie Infrastructure and Real Assets

Mexico Infrastructure Partners (EXI)

Fibra EXI

Familia Córdova Corcre

Aceros Corsa

Canadian National

Assa Abloy

Tresalia Capital

SixSigma Networks México (KIO)

Acon Investments

ABB Asea Brown Boveri

Grupo Mexicano de Desarrollo

Cacao Paycard

Winston & Strawn


Work highlights

  • Advised EMX Capital on a general partner (GP)-led secondary fund restructuring.  
  • Advised Mexico Infrastructure Partners (EXI) on the acquisition of five highways from ICA through several of its CKD and CERPI funds and subsequent sale by such funds to Fibra EXI.
  • Advised on the sale of Tresalia Capital and SixSigma Networks México (KIO) of 100% of its shares to I Square Capital.

González Calvillo, SC

González Calvillo‘s corporate and M&A practice fields a bench of ‘highly specialised and dynamic lawyers’, who earn plaudits for their ‘excellent service and very good negotiation skills’, as well as for their ‘outstanding industry-specific knowledge’. Recommended for their strong expertise across a variety of sectors, the group advises clients on a wealth of corporate legal matters, from corporate restructuring and shareholders agreements to the structuring and execution of domestic and cross-border mergers and acquisitions. In addition, the team is also sought out for its prowess in corporate governance matters. Co-managing partner José Ignacio Rivero Andere, who excels in cross-border transactions; banking and finance specialist José Victor Torres Gómez; Jorge Cervantes Trejo, whose experience encompasses relevant transactions in oil, gas, telecoms, real estate, hospitality and infrastructure projects in general; Hernando Becerra de Cima, and Rodrigo Rojas Robleda are among the department’s key practitioners. Promoted to counsel in September 2022, Rosa Elena Coto‘s corporate practice has a strong orientation towards transactional matters – particularly relating to the private equity segment. Senior Jacinto Ávalos provides key associate support. Former partner Juan Manuel Sancho left the firm in March 2022.

Practice head(s):

José Victor Torres Gómez; Jorge Cervantes Trejo; José Ignacio Rivero Andere; Rodrigo Rojas; Hernando Becerra de Cima; Gonzalo Vargas Ateca; Jorge Mondragón; Alfredo Chávez Goyeneche; Bernardo Reyes Retana K.; Daniel Guaida Azar


Professional, excellent service and very good negotiation skills.’

Confidence and talent. Very committed. José Víctor Torres is a very reliable lawyer.’

The team is composed mostly of young lawyers, with innovative ideas and perspectives, who constantly seek to be updated on all the trending topics of the relevant national and international markets.’

‘Highly specialised and dynamic lawyers. They differentiate themselves by their closeness to the client and by expressing the technical issues of any operation in a simple and easy to understand way, using the most innovative technological means in legal practice, which results in an efficient and innovative service.’

Their level of excellence, preparation and knowledge is outstanding. The quality of the lawyers is unparalleled.’

They possess outstanding industry-specific knowledge.’

Key clients


Arthur J Gallagher

Atlas Holdings





Grupo Crédito Maestro

Grupo Niddo-Tziki

Grupo Resuelve tu Deuda

IFM Investors

Insight Partners and Tiger Global

Job and Talent

KIO Networks


Posseidon Asset Management

Proeza Ventures



TPG Capital


Work highlights

  • Advised Rappi Mexico on the sale of 100% of its equity participation in Rappipay México to Tarjetas del Futuro.
  • Acted as Mexican counsel to Insight Partners and Tiger Global in the negotiation of a $500m Series E preferred stock investment in Nuvemshop.
  • Advised the minority shareholders of Mexican technology infrastructure company Kio Networks in relation to I Squared Capital’s purchased of all the company’s shares.

Greenberg Traurig, S.C.

Greenberg Traurig, S.C.'s Mexico City-based corporate team appeals to clients for being ‘committed to excellence’, and for being an ‘ally for the success of the transaction.’ Managing partner José Raz Guzmán, who has profound experience in capital markets and M&A transactions under his belt, heads the group, which advises a wide range of domestic clients throughout the region, as well as US and other international players doing business in Mexico. Arturo Pérez Estrada, who recently steered Betterwar's acquisition of Mexican cosmetics company JAFRA for $255m; and José Antonio Butrón and Victor Manuel Frías, are other key names in the practice group, which works closely with other offices, mainly in the United States. A solid second line of practitioners comprises up-and-coming partner Miguel Yturbe; Gabriela Palomino, who was promoted to of counsel in 2022 and has a particular focus on real estate law and infrastructure projects; and associate Rocío Olea, who ‘knows how to delegate and provides prompt responses’; all three add further expertise and capacity to the practice, which is active in a broad range of industries, including banking, energy, education, telecommunications and gaming.

Practice head(s):

José Raz Guzmán


They have helped us to understand the constraints, advantages and disadvantages, alternatives and strategies to be taken in multiple M&As and we have always felt that they have been an ally for the success of the transaction.’

Arturo Pérez and his team have been professional, close, dedicated and committed to our business objectives, always going the extra mile and being available in a timely manner, even in urgent or time sensitive moments.’

GT’s attention is always immediate and they are committed to excellence.’

Rocio Olea is one of the best lawyers I have dealt with, she knows how to delegate and provides prompt responses.’

Key clients

Lottus Education

Mexico Infrastructure Partners


Madison Industries




CCL Industries

Oak Creek de Mexico

MXT Capital Partners


Mekitec Group

Suma Holdings


Wonder Brands

500 Startups

Engie Factory

Work highlights

  • Advised Betterware on the acquisition of Mexican cosmetics company JAFRA, including its US and local operations, for $255m.
  • Advised Mexico Infrastructure Partners (and the concession holder portfolio companies) on the initial public offering of a Fibra E investment trust, listed on the Mexican Stock Exchange, for an amount of MX$22.1bn.
  • Advised Lottus Education on the acquisition of the assets related to the schools and universities commercially known as UANE, located in the north of Mexico and previously owned by Universidad Autónoma del Noroeste (seller).

Von Wobeser y Sierra, SC

Lauded for its ‘great service and quality of work’, as well as for remaining ‘at the forefront’ of corporate and M&A activity, Von Wobeser y Sierra, SC is the go-to firm for renowned clients such as The Coca-Cola Company, Mars, BMW and Uber, who seek out the team's expertise in transactional and corporate mandates. The practice co-led by the experienced Luis Burgueño and Houston-based Pablo Jiménez is particularly effective when it comes to the structuring of joint ventures, corporate reorganisations and cross-border M&A, mainly related to the consumer goods, mobility and manufacturing sectors. Additional notable practitioners in the well-rounder department include: Fernando Carreño, who also heads the antitrust practice; Pablo Saez, who is particularly adept at transactional matters with a real estate component; and Alejandro Orellana, who plays a key role in the firm's consumer goods and financial services' industry groups. Counsels Gloria Martínez and Javier Betancourt, who were promoted to counsels in 2021 and 2022 respectively, are other names to note.

Practice head(s):

Luis Burgueño; Pablo Jiménez


Von Wobeser y Sierra’s corporate M&A practice is always at the forefront. They will always be superior in their personal attention, their treatment, their fair charging, their highly trained legal team.’

Always available and attentive to support the client’s needs. They offer a great service and quality of work.’

Their lawyers are very knowledgeable and have the ability to advise clients on new regulations, so that we in-house lawyers can anticipate any necessary measures.’

They know their clients and advise us in a timely manner without the need for excessive charges.’

Key clients



Bocar Group or Grupo Industrial Bocar

Borr Drilling

Cervecería Modelo de México

Coppel Capital

Effem México Inc, y Compañía

Elring Klinger

Evo Payments México

Karl Schmidt Trading Company, Kolbenschmidt de México, Pierburg Pump Tehcnology México and KS Gleitlager de México

Krispy Kreme

National Instruments Corporation



Samwardhana Motherson Group / PKC Group

The Coca Cola Company



Velocity Vehicle Group


Ingenieros Civiles Asociados

Magna International

Work highlights

  • Advised Coppel Capital and its holding, Grupo Coppel and affiliate BanCoppel, in connection with the acquisition of Appriza Pay.
  • Advised Uber on the drafting, negotiation, and execution of a long-term master fleet agreement with Mobility DAE.
  • Advised Grupo Modelo in the formation of a joint-venture with VSBLTY and Retailigent to create an international digital in-store media network.

Baker McKenzie Abogados, S.C.

Praised for its 'excellent corporate knowledge and strong interpersonal and communication skills’, Baker McKenzie Abogados, S.C.'s Mexican corporate practice advises a notable roster of both foreign and Mexican companies, often tapping into the firm's large network of global offices to assist international companies doing business in Mexico. The group is led by Jorge Ruíz; dividing his time between the Mexico City and Ciudad Juárez offices, he combines strong local knowledge with solid cross-border and cross-practice capabilities, and has a particular focus on the technology, finance, manufacturing and mining sectors. Other key lawyers include Gaspar Gutiérrez Centeno, who is highly-adept at M&A, general corporate law, and foreign investment; Carlo Pérez-Arizti, who offers key expertise when it comes to handling joint ventures, private equity and venture capital transactions, along with corporate restructurings; and Lorenzo Ruiz de Velasco, whose experience takes in capital markets and financing work.

Practice head(s):

Jorge Ruiz


The team has excellent corporate knowledge and strong interpersonal and communication skills.’

Jorge Ruiz remains one of the best in Mexico in terms of recognizing the needs of his clients and anticipating the next smart move.’

Carlo Perez-Arizti and Gaspar Gutierrez-Centeno are the individuals I have worked with the most. On each occasion they have been extremely knowledgable, responsive and detailed, helping me build my own awareness of local requirements. They are a pleasure to work with.’


Key clients

Best Buy Co

Canelo Energy

CISA Telecomunicaciones

Davatta Group

ED&F Man / Azúcar Grupo Saenz

Emerson Electric Co

Ferro Corporation

Glaxo Smith Kline

Grupo Pochteca

Kelly Services Mexico

LVMH Moet Hennessy Louis Vuitton

McCormick & Company

MiddleGrond Capital

MolyCop / American Industrial Partners




The Indian Hotels Company


Work highlights

  • Advising MolyCop as international counsel on the sale of the Moly-Cop Group to an as yet unnamed counterparty.
  • Advised McCormick & Company on the acquisition of 100% of the Cholula Food Company, structured as stock acquisition of Wooden Cap, with Spicy Liquid -including its Mexican subsidiary- as the main operating entity.
  • Represented Ferro Mexican regarding the negotiation and implementation of its tile coating division through the sale of shares of Vetriceramici de Mexico and other assets to Esmalglass-Itaca-Fritta Group / Soluciones Cerámicas EIMEX.

Basham, Ringe y Correa, S.C.

Basham, Ringe y Correa, S.C.‘s sizable corporate practice, which works closely with other areas of the firm such as real estate or TMT, is well-known for its facility assisting clients with day-to-day mandates, as well as for its experience and involvement in major cross-border M&A deals. The group enjoys a solid footprint across the country, mainly in Mexico City, Querétaro, Monterrey and León, and is particularly adept at handling mandates from the automotive, energy, financial services and technology sectors. Noted practitioners include managing partner Juan Jose Lopez de Silanes, who handles corporate restructurings and corporate governance matters; energy, mining and infrastructure specialist Juan Carlos Serra; Amilcar Peredo, who is well versed in all areas of antitrust; Jesus Colunga, who is particularly experienced in hospitality transactions; Carlos Velázquez, who heads the Monterrey office; Pedro Said and Amilcar Garcia. Additionally, former seniors Gerson Vaca and Rodrigo Gardner (in Mexico and Monterrey, respectively) have been pomoted to the partnership (as of October 2022), providing additional partner-level bench depth, a move theat makes additional sense given the retirement of former practice-head Daniel Del Rio fro the firm in March 2022. The practice group also offers excellent capabilities in data protection and privacy matters (part of the firm’s broader TMT department), led by Adolfo Athie, as part of its suite of corporate services.

Practice head(s):

Juan Jose Lopez de Silanes

Key clients

Jiangsu Xinquan Automotive

Eci Rego

Crown Famosa

Crown Holdings

VF Corporation

Sílice del Istmo

Paulo Products Company

Akzo Nobel


Ashland Hardware Systems


HCL Technologies México

Fabricas de Monterrey

Owens & Minor


Kontoor Brands

Jellyfish Digital Group

Insight Equity Management Company

BlackHawk Industrial de Mexico

CSG Systems

Jones Walker

Kathrein Mobilcom Mexico

Sojitz Corporation


Falfurrias Capital Partners


Kodak Alaris

Itau Corpbanca


Garret Motions

Work highlights

  • Represented Xinquan Mexico Automotive Trim on the setting up of its first automobile manufacturing facility in Mexico, and the first OEM facility to be constructed in the State of Aguascalientes.
  • Assisted Jellyfish with the acquisition of Mexican digital marketing agency San Pancho Lab.
  • Assisted Insight with the acquisition of Mexican exporting maquiladora Industry Easy Way Manufacturing.

Cuesta Campos y Asociados S.C.

Veteran Mexican firm Cuesta Campos y Asociados S.C. has been the preferred advisor to leading multinationals for decades, having built up an extensive track record in M&A transactions, corporate restructurings and joint ventures. The practice, which garners praise for being a ‘great team with lots of knowledge’, has a focus on the automotive, manufacturing, financial, real estate, and alcoholic-beverage industries. Of late, the corporate area has also seen an increase in agribusiness and IT mandates. Partner and CEO, Hugo Cuesta, who represents both foreign entities doing business in Mexico and Mexican entities doing business abroad; and Azucena Marin, who also specialises in antitrust matters as part of her broader M&A practice, jointly head the department. A second line of practitioners includes senior principal associate Rafael Sánchez; principal associate Jesús Bueno; and associate Franscela Sapien. The Meritas Law Firms Worldwide member for Mexico, it operates from offices in Mexico City, Guanajuato and Guadalajara.

Practice head(s):

Hugo Cuesta; Azucena Marín


The team provided great help, advice, knowledge, and collaboration.’

I have been working very closely with the following individuals and they are a great team with lots of knowledge and provided great guidance: Azucena Marin, and Jesus Bueno.’

They are a committed, efficient, and have excellent disposition and attitude.’

They are very professional, offer timely responses and a close relationship and empathy with the needs.’

Key clients

Hoy Health

Haitian Huayuan Mexico Machinery

Audubon Companies


Specialized Packaging Group

R3D Consulting

Hunstman International

Skyworth Group Company

Nissin Travel Mexicana

Work highlights

  • Advised Bright Machines on the Mexican law aspects related to its merger transaction with SCVX Corp.
  • Advised Flextronics Group on a merger transaction between subsidiary companies.
  • Advised Skyworth in the design and execution of all the corporate steps and necessary actions to restructure the group.

Hogan Lovells

International full-service giant, Hogan Lovells, offers a ‘highperformance’ Mexican corporate and M&A practice, which earns praise for its ‘deep knowledge of the Mexican legal framework, transactional processes (M&A), and the applicable industry in the country’. The group comprises renowned market-specialists such as Juan Francisco Torres Landa, who is recommended for his skills handling cross-border work and corporate restructurings; Federico De Noriega, who boasts a strong track record in joint ventures and multi-party acquisitions; Carlos Ramos, who provides additional expertise regarding insurance and energy law in Mexico; and Monterrey-based partners Guillermo González Frankenberger and Mario Jorge Yañez, who has focused his practice on the industrial, consumer products, automobile and financial services sectors. Counsel Andrea López De La Campa, who is praised for her ‘responsiveness and negotiation skills’, and senior associate Pablo Corcuera, are other key contacts of a practice that is able to seamlessly draw upon the resources of the firm’s global network. Since research concluded, the firm has also hired Gina Decanini, formerly a partner at Canales, as a counsel in its Monterrey office; a former in-house counsel at Cemex, Decanini has experience across the administrative, company law, corporate, energy and real estate sectors – effective as of July 2022.

Practice head(s):

Juan Francisco Torres Landa; Jorge Yañez; Carlos Ramos; Ricardo Pons; Guillermo Gonzalez; Federico De Noriega; Ángel Domínguez de Pedro


The team has a deep knowledge of the Mexican legal framework, transactional processes (M&A), and the applicable industry in the country. They also have an extraordinary capacity for adaptation, collaboration and support.’

Carlos Ramos Miranda and Andrea López de la Campa have great responsiveness and negotiation skills.’

It is a high-performance team with in-depth knowledge of the matter, interested in knowing the industry and practices of the client, in order to adjust to the needs of the latter.’

They have deep subject matter expertise, are pragmatic and creative. Outstanding partner: Juan Francisco Torres Landa.’

HL offers its services through experts in their respective fields.’

They have an excellent client relationship. One example among others that I could omit is Pablo Corcuera, who maintains appropriate stress management and availability to deal with relevant issues.’

Key clients

NX Football USA

DXC Technology

Urban Science


BIA Coffee Investments

Rich Products Corporation (through subsidiary Capadaga Holdings)

Pilgrim’s Pride

Nippon Seiki México

Repsol Downstream Mexico

Cushman & Wakefield

Qatar Energy

Harbour Group


Work highlights

  • Advised NX Football USA on its acquisition of a50% stake in Mexican soccer club Necaxa.
  • Advised DXC Technology, along with its related group entities, on the restructuring of its operations in Mexico.
  • Assisting Urban Science with its negotiations with all automotive brands in Mexico.

Mayer Brown Mexico, S.C.

Lauded as ‘an excellent firm’, and recognised for its global reach and notable presence in the corporate space in Mexico, Mayer Brown Mexico, S.C.'s practice continues to enhance its reputation in M&A related to the financial sector, and stands out as one of the most active firms in transactions in the spirits industry. Toll-roads, chemicals, renewable energy, automotive, maritime and logistics are also among the group's areas of sectoral expertise. The August-2021 hire of former White & Case S.C. corporate practice co-head Francisco García-Naranjo was a statement of intent to reinforce its presence in this domain. His experience in regulatory matters and financial and foreign investment transactions will combine well with that of Raúl Fernández-Briseño's, who is particularly adept at handling infrastructure, M&A, finance and restructuring transactions. Associate Sebastián Fernández Alonso is another name to note.

Practice head(s):

Raúl Fernández-Briseño; Francisco García Naranjo


Mayer Brown is an excellent firm, they provide quick and objective answers. Their great differentiator is that they get involved in their clients’ business, acting as part of the company. The negotiating power of Mayer Brown’s lawyers and the patience to solve problems is a big differential as well.’

Concern for the clients, attention and support are the great differentials of the lawyers of this firm.’

Key clients

Casa Lumbre

Siemens Financial Services

Alloy Merchant Finance

Credijusto / Apjusto


Exitus Capital

Casa Montelobos

Work highlights

  • Represented Exitus Capital and its shareholders on the sale of 70% of the shares in Exitus to Blue Compass.
  • Represented CL Proyecto Gran Malo and its shareholders in the joint venture with youtuber and influencer “@LuisitoComunica”, Bodegas La Negrita, celebrity agents and other minority investors, to produce and distribute a spicy tamarind tequila liquor.
  • Advised the Bank of Nova Scotia in relation to a $370m loan to Prolec GE for the acquisition of 100% of SPX Corporation Transformer Solutions.

Sánchez Devanny

Boasting a strong national footprint which includes offices in Mexico City, Monterrey and Querétaro, Sánchez Devanny assists a roster of international and domestic clients with M&A transactions, joint ventures and corporate governance matters; it is also particularly skilled at implementing investment structures – mainly for foreign companies looking to initiate or expand their businesses in Mexico. Key contacts in Monterrey include Francisco Andrés Gamez-Garza, who has broad expertise in the automotive, general manufacturing and appliances sectors; corporate governance and regulatory expert Humberto Morales-Barrón; and senior associates Oscar Quiroz and Jaime Israel Moreno. Operating from Mexico City, Jose Antonio Postigo-Uribe has more than two decades’ M&A and transactional experience under his belt and particular knowledge of the energy sector. He is closely supported by senior associate Marisol González-Echevarría. In a significant June-2022 hire, the firm incorporated finance and capital markets specialist José Berrueta – formerly at Ritch, Mueller y Nicolau, S.C. – who will undoubtedly assist the firm make further in-roads into the financing aspects of the practice.

Practice head(s):

Francisco Andrés Gamez-Garza; José Antonio Postigo; Humberto Morales-Barrón

Key clients

Rentokil Initial UK

Libbey (and Mexican subsidiaries)

Tempel Steel Company (and Mexican subsidiaries)

Dematic Corporation (and Mexican subsidiaries)

Sumitomo Corporation (and various operative Mexican subsidiaries)

Littler Mendelson

Kongsberg Automotive (and Mexican subsidiaries)

Repsol Downstream Internacional

Manufacturas Solco

John Varvatos Mexico


Work highlights

  • Advised Rentokil Initial UK on its acquisition of the pest control assets of IPC de Monterrey.

Santamarina y Steta

Mexican market stalwart, Santamarina y Steta, houses a sizable practice -which operates from both Mexico City and Monterrey- with extensive experience and activity in the corporate and M&A sphere. The group, co-led by seasoned practitioners Juan Carlos Machorro  and Jorge León-Orantes   (both based in Mexico City), is known for handling mergers, acquisitions, spin-offs, corporate restructurings and joint-ventures, as well as advising private equity and venture capital players on transactions and corporate restructurings. Corporate and finance expert Alberto Saavedra ; Guillermo Moreno  , who was promoted to partner in January 2022 and garners praise for offering ‘excellent advice, knowledge of the subject and support’; and Monterrey-based César Cruz Ayala , are among the practice’s main contacts. Senior associate Ilse Bolaños  is another name to note. The group’s client roster includes notable names from the automotive, pharmaceutical, construction, real estate, retail, hospitality and manufacturing sectors.

Practice head(s):

Juan Carlos Machorro; Jorge León-Orantes


The team is very innovative with the use of technology. They are experts at collaboration among their different areas of expertise and extremely responsive to client demands.’

Alberto Saavedra and Juan Carlos Machorro are all stand-outs as partners.’

They have as good experience as any top-tier law firm but a personalized service by the partner we work with. Always available.’

The firm offers a personalized service while at the same time always offering at our disposal support areas within their team for specific requests.’

They know and care to understand the particularities of our structure and business. Juan Carlos Machorro and Guillermo Moreno are always available and attentive to follow up.’

‘The Santamarina team has comprehensive and specific solutions to the problems we have faced. They know our company and its particular structure and provide efficient solutions within the legal framework and aligned to our internal policies.’

Excellent advice, knowledge of the subject and support provided in corporate area by Guillermo Moreno.’


Key clients


ARM Energy

Arpa Capital

China Railway Construction Company

Deutsche Investitions- und Entwicklungsgesellschaft (DEG)

EQT | Oterra México

Ganfeng Lithium

Grid Dynamics Holdings

International Finance Corporation

Knowlton Development Corporation

Master Builders’ Solutions

Pierson Capital

Sonny’s Enterprises

Grupo Industrial Saltillo

Grupo Lamosa

Work highlights

  • Assisted ARM Energy on the acquisition of a 50% stake in GNG Energy.
  • Assisted Arpa Capital, and other minority shareholders of Sekura Controladora, on carrying out a competitive bidding process for purposes of selling a majority participation in Sekura’s corporate capital.
  • Assisted EQT, one of Europe’s leading PE firm, with the implementation of the Mexican piece of EQT’s acquisition of CHR Hansen’s natural color division.

White & Case S.C.

Highly-valued for its ‘hands-on approach to each deal’ which gives clients ‘the peace of mind of being in the best hands’, White & Case S.C. ‘s Mexican corporate and M&A group boasts particular dexterity in cross-border M&A transactions, relying on the firm’s notable international footprint. iSquared Capital, Sempra Energy, Merama, Médica Sur and JP Morgan Mexico are some of the standout names that regularly instruct the practice led by Henri Capin-Gally CFA, who garners praise for being ‘stellar when it comes to negotiating and implementing corporate acquisition schemes’. Work highlights include advising Kansas City Southern on its $31bn merger with Canadian Pacific. Sergio Márquez and associate Fernando Vázquez-Chelius Solís are other names to note. However, the practice has endured significant departures, notably those of former practice co-head Francisco García Naranjo, who moved to Mayer Brown Mexico, S.C. in July 2021; and those of Álvaro Garza-Galván and Mauricio Valdespino, who joined DLA Piper Mexico in January 2022. The practice also suffered the untimely demise of Vicente Corta in May 2022.

Practice head(s):

Henri Capin Gally


Henri Capin and Fernando Vázquez are stellar when it comes to negotiating and implementing corporate acquisition schemes.’

They are always available and provide very good service.’

They have solid knowledge in the field.’

Personalised attention, they have a “hands-on” approach to each deal that allows you to have the peace of mind of being in the best hands.’

Key clients

Kansas City Southern Mexico

iSquared Capital

Sempra Energy


Médica Sur



JP Morgan Mexico

Te Creemos Holding

Kuspit Casa de Bolsa

Work highlights

  • Advised Kansas City Southern Mexico (KCS) on its merger with Canadian Pacific Railway (CP); under the merger agreement, CP agreed to acquire KCS in a stock and cash transaction representing an enterprise value of circa $31bn.
  • Advised Sempra Energy on its $5.81bn acquisition of the remaining stake in Infraestructura Energética Nova (IEnova).
  • Representing Merama in all of its Mexican M&A transactions.

CMS Woodhouse Lorente Ludlow

CMS Woodhouse Lorente Ludlow's corporate and M&A practice is praised by clients for offering ‘very practical, clear and dynamic advice’, as well as for its ‘knowledge and proximity to the authorities’. Giancarlo Schievenini heads the young department, which, benefitting from the firm's well known energy and infrastructure practice, has been advising on matters involving the electricity and oil & gas industries of late, drawing on the expertise of energy-head Luis Fernández Lagunas and César Lechuga, who also has a focus on real estate. Senior associate Gabriel Salinas provides additional support in transactions related to the energy sector. The practice is, moreover, fully integrated within the firm's global network of offices.

Practice head(s):

Giancarlo Schievenini


‘They tend to work with smaller, more specialised teams, which makes working dynamics and communication easier and more efficient, and costs lower.’

Giancarlo Schievenini has a fantastic speed of response to requests. He is always ready to respond and attend to matters quickly.’

Flexible team, very committed and supportive, and good understanding of the market. Cesar Lechuga and Giancarlo Schievenini.’

Their strengths are their knowledge and proximity to the authorities that allow them to support more informed decisions. I would like to highlight Giancarlo Schievenini.’

By far superior to the other firms we have worked with. They are always prompt and concerned about our business.’

Regardless of whether we are dealt with by one lawyer or another, we know that we will receive the work requested in a timely manner. No need to repeat things. We are assisted by Cesar Lechuga and Giancarlo Schievenini.’

A very close and friendly relationship with the client. Timely, clear and truthful.’

Very practical, clear and dynamic advice. Clear language in their opinions and considerations.’

Key clients

Nuvei Technologies

SK Capital Partners

Mota-Engil México

Röder de México

Advance Publications

Garrett Motion Automotive

Movyon (Autostrade per l’Italia)

Caisse de dépôt et placement du Québec


CC Neuberger Principal Holdings II

Scan Logistics

Liberty Global Transaction Solutions


Garrett Motion

Work highlights

  • Advised Nuvei Corporation on the due diligence process and local acquisition of the Mexican subsidiary of Paymentez.
  • Advised SK Capital Partners -a private investment firm focused on the specialty materials, chemicals and pharmaceuticals sectors- regarding a partnership with Heubach, and on a due diligence and acquisition process in México of Clariant’s Pigments business.
  • Advised Mota-Engil México regarding the acquisition of 100% of the share capital in Concesionaria CUA, an SPV concessionaire vehicle for the construction, operation and maintenance of the Cuapiaxtla–Cuacnopalan highway in Puebla and Tlaxcala, México.

Creel Abogados, SC

Veteran market player Creel Abogados, SC, continues to be the firm of choice for a number of domestic and foreign companies -including private equity firms- for its extensive expertise in transactions involving M&A, joint ventures and corporate governance. The practice draws additional expertise from working side-by-side with the firm’s banking and finance, real estate, tax and labour teams, while its transactional knowledge extends across different sectors and industries, especially real estate and private equity. Key contacts include senior partner Carlos Creel, who is particularly well-versed in a range of corporate matters, including M&A and corporate restructurings, governance mandates and cross-border joint ventures; and Gustavo Struck, who complements his corporate expertise with solid knowledge of an array of finance operations, including syndicated lending and secured financing, and has a particular focus on advising non-bank banks and private funds on their transactional work. With notable in-house experience, younger partner Diego Valdes A is increasingly active in the transactional segment, with recent matters including handling a $38m capital subscription on behalf of Neology and advising repeat client Medios Cattri on its acquistion of Ideas Activas Publicidad y Medios; he also handles financing matters. Former partner Andrés Nieto moved to Norton Rose Fulbright in April 2022.

Practice head(s):

Carlos Creel; Gustavo Struck

Key clients

Pernod Ricard


Sony Pictures Entertainment

Seek Ltd

Warner Bros. Entertainment

Kerzner Group

Groupe Danone


American Airlines

Heritage Group (Teka, Thielmann and Strohm)

Work highlights

  • Advised Luminus Management on its acquisition of the trucking logistics/assets and subsidiaries comprising the Mexico-based business of Taylor Express from the Celadon Group.
  • Advised the equity holders of Materias Químicas de México on the sale of 100% of the business to IMCD Group, a global leader in the distribution and formulation of speciality chemicals and ingredients.
  • Advised Inmobiliaria Los Bravos on the sale of four Industrial Facilities to Canadian private equity fund Advance Real Estate.


The Mexican office of Spanish full-service firm Cuatrecasas has developed a sturdy track record in the Mexican corporate and M&A arena since it first set foot in the market back in 2016. Santiago Ferrer, who also heads-up the competition department, advises both domestic and international companies on commercial transactions, M&A, joint investments and financing. The group’s areas of expertise encompass the consumer, infrastructure, healthcare, real estate, energy and renewables, and gaming sectors. Recent work highlights include advising Fibra Orion regarding the acquisition of Desarrollos Carreteros del Estado de Durango. Additionally, the office has notably broadened its capacity to deal with key elements of transactional matters -particularly tax structuring- with the July-2022 hire of tax specialist Juan David Mina from KPMG Mexico. The team can also draw resources not only from the firm’s Spanish headquarters but also from it’s increasingly relevant offices in Bogotá, Lima and Santiago de Chile.

Practice head(s):

Santiago Ferrer

Key clients

Fibra Orión (Fibra E)

Platinum Equity

Connect Group



Array Technologies


Macmillan Education

Work highlights

  • Advising Fibra Orion E on the acquisition of Desarrollos Carreteros del Estado de Durango, a concession company with 10 toll-free sections of highway, and on the acquisition of the entities that own the Tapachula-Talisman highway in Mexico.
  • Advising Platinum Equity on the acquisition of the entire business of Urbaser.
  • Advising Neenah on the purchase of Itasa from the Magnum Capital fund, on the cancellation of the existing syndicated financing and its guarantees, and on financing for the acquisition; deal value: €205m.

DLA Piper Mexico

DLA Piper Mexico reinforced its corporate and M&A practice in January 2022 with the arrival of former practice co-head Álvaro Garza-Galván and fellow corporate practitioner Mauricio Valdespino, who were part of a six-strong influx of partners from White & Case S.C. Garza-Galván specialises in corporate/M&A, banking, finance and securities transactions; while Valdespino’s practice is centred on M&A, private equity, and corporate and commercial law; he is particular active on transactional matters, representing buyers, sellers, boards of directors and financial advisors with mergers, acquisitions, spin-offs, joint ventures, strategic alliances, minority investments and asset sales. Garza Galván is also office co-managing partner alongside Diego Martinez, who focuses on general corporate practice with an emphasis on corporate finance and debt restructuring transactions. Martínez led the multijurisdictional deal team that advised Vorwerk & Co on its $255m sale of cosmetics company Jafra’s US and Mexican operations to Betterware. More recently, the team also advised GAP on it’s sale of Old Navy’s local operations to Mexican retailer Grupo Axo. Other key names in the team include María Eugenia Ríos Espinosa (corporate matters, joint venture transactions, M&A – particularly as regards the real estate sector); Jorge Benejam – who led on the Old Navy mandate (M&A, antitrust and regulated markets including life-science, telecommunications and technology); and senior associate Jaime Ancer Fortea (complex corporate transactions; corporate and commercial advisory).


The local Mexican office of Spanish full-service giant, Garrigues, fields a corporate and M&A practice that continues to strengthen its participation in the market, and which particularly excels in cross-border transactions. A case in point was the group’s recent assistance to  Alsea’s on its $128m investment in its European subsidiary alongside Bain Capital. Gerardo Lemus, who has a solid track record handling M&A as well as other corporate matters, such as (corporate) governance, commercial contracts, cross-border financings and real estate work, along with merger-control filings and notifications. Closely supporting him are Gabriela Pérez Sierra, who has had a focus on energy project and fintech transactions recently; and counsel Miguel Ángel Rocha. The department’s industry expertise also encompasses financial services, infrastructure, technology, retail, and telecommunications.

Practice head(s):

Gerardo Lemus; Gabriela Pérez


The team is extremely available and approachable. They have been true partners in the transactions we have been working on.’

Gerardo Lemus has truly stood out and shown great support on a very complex transaction. He is business-oriented and it’s been a great experience to work out with him.’

The team was fantastic. In-house lawyers need to feel that the team has the necessary skills for the support requested. Compared to other offices I consider it a good team.’

Key clients





Vulcan Capital

Aggity Europe

Howden Broking Group

American Tower Corporation

Deutsche Investitions- und Entwicklungsgesellschaft (DEG)

Work highlights

  • Advised ebm-papst, a leading manufacturer of fans and motors, on the sale of Ikor to Belgium-based Connect Group.
  • Advised Deutsche Investitions- und Entwicklungsgesellschaft (DEG) on the $50m sale of its participation in Mexico’s Banco Finterra to fintech company, Credijusto.
  • Advised Alsea regarding a €110.8m ($128m) investment in Alsea Europe that will increase its stake in the company and also introduces Bain Capital as a shareholder.

Holland & Knight

Holland & Knight LLP was one of the firms that started 2022 with important news. Following its merger with Thompson & Knight, the firm not only strengthened various practice areas  –including corporate and M&A– with talented lawyers that expanded its capabilities in key industries, but also reinforced its presence in Monterrey. Luis Rubio, a renowned market figure –particularly in the TMT segment– heads the practice, which features a ‘multidisciplinary group of high-profile corporate lawyers with excellent service attitude, commitment, and technical knowledge’. Bringing additional expertise in the telecoms space is Octavio Lecona, whose practice encompasses M&A, joint ventures, corporate restructuring and contractual matters. Senior counsel Selene Espinosa is another name to note in the Mexico City office. Operating from Monterrey are of counsel Alejandro F Sánchez Mújica, and senior counsel Alejandro A Sánchez Mújica.

Practice head(s):

Luis Rubio


They are a multidisciplinary group of high-profile corporate lawyers with excellent service attitude, commitment, and technical knowledge.

They deliver results in a timely, clear and effective manner.’

The effectiveness of the H&K corporate team in Mexico is unique. Their ability to resolve complex situations in record time and additionally the organisation of our corporate records.’

They are friendly, attentive and responsible. They attend to our needs in record time!’

Key clients


Inmobiliaria Delta Alamar

Generadora Fenix

Eddyfi NDT

Work highlights

  • Assisted BHP with corporate governance and secretarial matters on the sale of certain oil and gas assets to BP America Production Company for an agregated amount of approximately $11bn.
  • AdvisedEddyfi NDT with the implementation of guarantees in Mexico related to a $300m credit agreement entered into by the company and National Bank of Canada.
  • Advised Generadora Fenix regarding an increase of power generation capacity at several hydroelectric plants in Mexico, and with the corporate structure of a joint venture for a $100m LNG gas project in the counntry.

Ibarra, del Paso y Gallego

Earning plaudits from clients for his ‘experience, communication skills, and eloquence’, founding partner Gerardo Gallego Díaz de León steers the corporate and M&A practice at Ibarra, del Paso y Gallego; which is well known for its expertise in the hospitality and real estate sectors, advising a wide spectrum of clients from the industry, including investment funds, construction companies, developers, or marketers. Joint ventures, commercial tie-ups between foreign investment and local market players, and the drafting, negotiation and review of all sorts of agreements, account for a majority of the workload. Senior associates Jorge Cobos and Fernando González Gómez offer key support to the team.

Practice head(s):

Gerardo Gallego Díaz de León


‘Their experience in drafting contracts for real estate development trusts and vehicles (SPVs) protects the equity and legal aspects of the participants. They have a close and continuous follow-up to the work agenda.’

Gerardo Gallego: his experience, communication skills and eloquence. Fernando Gonzalez: his client orientation, continuous follow-up of the agenda.’

‘What distinguishes them is the correct follow-up and collaboration process with the client. They have structured what they need to find out and they know how to relate what is necessary to the situations they are facing.’

Gerardo Gallegos has an easy understanding of the business conditions, he investigates what is necessary and researches in different ways what is required. By understanding the business variables, his legal shielding and the non-negotiable points are very clear and make it easy to secure.’

Key clients

McCormick Pesa

BioTe Medical

Grupo Constructor Pirámide

Callison RTKL

Blu Cargo & Logistics

Foss México


Census -7 Eventus Energy Corporation

Grupo Alto / Designa Group


Renewable Resources Group



Work highlights

  • Advising McCormick regarding corporate governance and corporate maintenance; internal due diligence procedures; and -primarily- the execution of service, retail, lease, storage, import/export, retail, purchase and sale agreements.
  • Currently assisting with the corporate, contractual, intellectual property and administrative necessities of BioTe Medical so that the company can expand and promote its services across Latin America.
  • Assisting Grupo Constructor Pirámide with a due diligence procedure regarding several real estate properties located across Mexico for the development of various real estate projects.

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 office managing partner Manuel Romano - a transactional specialist; and of counsels Mauricio Castilla (M&A and corporate governance); and Javier Martínez Del Campo (cross-border and domestic mergers and acquisitions); all three particularly excel at handling cross-border M&A, joint ventures and strategic alliances, with corporate governance too, constituting a particular niche strength. Of counsel Antonio Franck is also a genuine corporate specialist who enjoys a loyal clientele. Recent departmental highlights include acting for Shiloh Industries on the sale of its majority ownership to MiddleGround Capital; and as co-counsel to KKR on its acquisition of the assets of Tultitlán from Unilever.

Kuri Breña, Sánchez Ugarte y Aznar

Kuri Breña, Sánchez Ugarte y Aznar's well-established practice is known for advising public and privately held companies on matters ranging from M&A, joint ventures, private equity, venture capital and cross-border transactions, to general corporate matters - particularly in relation to the real estate, energy, manufacturing, banking and automotive sectors. A skilled partner-trio comprised of Daniel Kuri Breña, who provides additional expertise on capital markets and finance matters; Luis Octavio Nuñez, who is especially active in the real estate sector; and antitrust specialist Jesús Sánchez Ugarte, co-heads the department. Associates Elizabeth Tovar, Álvaro Alan Pérez and Selene González are other names to note.

Practice head(s):

Daniel Kuri Breña; Luis Octavio Nuñez; Jesús Sanchez Ugarte


The team has excellent knowledge of the different civil and commercial proceedings, timely recommendations and takes into consideration the company’s legal history. In the relationship with the client they are very accessible, courteous and technically accurate.’

The strengths of the firm are the preparation of the lawyers at all levels. They all have full knowledge of their subject matter, professionalism and a quick ability to resolve doubts in a precise manner.’

Luis Octavio Núñez is an excellent lawyer, with a broad and deep knowledge of the subject, he speaks with great eloquence and technical precision. Alvaro Alan Pérez is a young lawyer with a great future. He is fast and professional.’

Daniel Kuri Breña has an excellent client service and a lot of experience.’

Key clients


Grupo Consupago and Consubanco

Grupo Jumex

Subsea 7

Grupo Motriz

Work highlights

  • Advised Grupo Consupago and Consubanco on the acquisition of Fisofo.
  • Advised Subsea 7 and Blue Marine Technology in relation to a joint venture for the construction and servicing of offshore infrastructure in Mexican waters.
  • Advised Jumex on the due diligence process, and preparation, negotiation and closing of a share purchase purchase agreement for the acquisition of Gold Citrus.

Pérez Correa González

Praised for its ‘dedication and knowledge’, the corporate and M&A practice at Pérez Correa González houses an ‘excellent team of partners’, comprising corporate finance and M&A specialist Fernando Eraña, who has an emphasis on cross-border finance, private equity and venture capital; and Luis Gonzalez, who is particularly experienced in private equity transactions, and whose corporate and transactional expertise encompasses real estate mandates. The pair are closely supported by senior associates Juan Carlos Izaza, who regularly advises domestic and foreign clients on the setting-up of new ventures and their corporate structures in Mexico; and Carlos Ugalde, who has a focus on corporate, M&A, finance and real estate matters. Senior associate Federico Vázquez left the firm in January 2022 to co-found his own firm.

Practice head(s):

Luis González; Fernando Eraña


The dedication and knowledge of various practices in the field of action are a clear advantage when working with the firm.’

Excellent attention received from Fernando Eraña.’

Fernando Araña is an excellent lawyer with a practical approach to the industry.’

This practice has knowledge of the venture capital markets.’

The firm has an excellent team of partners. Regarding the associates, Carlos Ugalde always helps us in the frequent issues of the operation looking for practical and appropriate ways to solve them.’

Key clients

Moody’s Investors Service

Sumitomo Mitsui Banking Corporation

Hoteles Rotamundos

Newell Brands

Micro Focus International

Group In-RGY Consulting

Data Migration Resources

K&M International (Wild Republic)

Palantir Technologies

GC Capital

Work highlights

  • Advised Newell Brands on the implementation of a merger that combined the business operations and assets of three of its Mexican subsidiaries.
  • Advised Angel Ventures regarding a $7.3m investment round led by Dalus Capital in Chilean startup Al Gramo, to finance global expansion.
  • Assisted In-RGY with its market expansion into Mexico and Latam with the acquisition of Iane, the partner in Mexico of Ultimate Kronos Group (UKG).

Sainz Abogados

The practice at Sainz Abogados is made up of a ‘very strong and dynamic team of lawyers’ who garner praise for their ‘solid technical and interpersonal skills’. Octavio Hernández Negretti, a ‘highly-intelligent, organised, accomplished, and skilful professional’, with a sturdy track record representing clients in a range of domestic and cross-border corporate and financing transactions (including private equity matters), heads the department. The group covers a healthy range of industries, including banking and financial services, pharma, energy, aviation, and real estate. Senior partner and bankruptcy expert Alejandro Sainz brings additional expertise to a practice group that also includes a bench of young talent including senior associate Lucía Laganá, who joined from Nader, Hayaux y Goebel, SC in March 2021; and associate Daniela Alcázar. The February-2022 hire of compliance specialist Hugo López Coll from Greenberg Traurig, S.C. has further broadened the firm’s corporate service offering.

Practice head(s):

Octavio Hernández; Alejandro Sainz


Among their strengths and skills is their high sense of attention and service, they are a very reactive firm, in any advice that is required they act immediately and with the best proposals, they adjust to the time required in each of the projects.’

In the quality of service they provide, regardless of the day, the time, they are always open to deal with any issue that arises, besides being very efficient and accurate with their proposals depending on the project in progress.’

It is a team with solid technical and interpersonal skills that make the projects successful.’

Alejandro Sainz is well known in the market.’

Sainz abogados has a very strong and dynamic team of lawyers. It is a firm with very personal attention, their availability, attitude and skills are extremely good.’

In this firm I have found that the lawyers understand exactly the needs of the company and take control to achieve the objective set. At Sainz they take the matter and see it through to its conclusion. They have a lot of knowledge, experience and skills.’

Octavio Hernández has been leading the team that has assisted us and has achieved the objectives in a satisfactory manner. He is a highly-intelligent, organised, accomplished, skilful professional with the necessary knowledge and experience.’

Key clients



Bruno Corza (Grupo Fabril de la Moda)

Financiera Auxi

Grupo Coppel


Water Capital (WCAP)

Grupo Lomas Travel

CRM Synergies

Work highlights

  • Advised BayWa r.e. on structuring a joint venture agreement with Nextenergy for the establishment of an operations and maintenance company based in Nuevo León.
  • Advised AuHaus’ shareholders on the negotiation and filing of an M&A transaction.
  • Advising Grupo Coppel on several corporate and contractual matters, including corporate governance and commercial contracts, as well as on  an M&A transaction.

SMPS Legal

Clients appreciate SMPS Legal‘s ‘personalised service and high attention to detail’. The corporate and M&A practice houses a team of accomplished practitioners, including department-head Eduardo Pizarro, whose practice has a particular emphasis on the creation and structuring of corporations, spin-offs, mergers and acquisitions; María Teresa Paillés, who has over two decades’ experience handling corporate and real estate transactions in Mexico and abroad, an expertise she shares with fellow partner María Esther Rey. Iván Pérez Correa, who -with his banking focus- provides a financial vision and context for transactional activity, is another name to note. Former partner Juan Pablo Visoso moved in house in November 2021; since when the firm has hired the former head of Basham, Ringe y Correa, S.C.‘s corporate and M&A department, Daniel del Rio, as a strategic partner in the firm’s transactional practice – effective as of July 2022.

Practice head(s):

Eduardo Pizarro


The attention we receive is exceptional. Personalised service and high attention to detail.’

Andres Gonzalez and Eduardo Pizarro are always attentive to our needs and to get our issues resolved as quickly as possible. The disposition and quality of their services are unmatched.’

SMPS is at the forefront in this field and surpasses their competition.’

They are knowledgeable and well-trained, provide personal attention and immediate response.’

Key clients

Grupo Frondoso

HGR Industrial Surplus

Activos de Energía Real

Bocel Private Equity

Cimbra Capital

Paladin Realty

Atlas Renewable Energy

Nexxus Capital

Exile Content

Piso 51 Club

MCA Group



Activos de Energía Real


Work highlights

  • Assisted Grupo Frondoso with reviewing and negotiating different existing loan agreements, new loan agreements and crossed security interests, without defaulting any of the loans, nor affecting the value of the debtors and projects.
  • Advised the founding partners of Energía Real on executing a strategic alliance with an affiliate of Riverstone.
  • Acted for Bocel Private Equity on the placement of a portion of the funds raised, which consisted in the acquisition of a significant percentage of the ownership of a group of companies dedicated to logistic services, including exports and, imports.

Chevez Ruiz Zamarripa

Chevez Ruiz Zamarripa’s corporate and M&A practice is a recently established but fast-growing practice at the tax powerhouse. The ‘excellent team of lawyers’ -which works in close collaboration with the firm's core tax department- is led by Miguel Valle, whose extensive experience in the transactional space encompasses advising clients on domestic and cross-border transactions such as M&A, joint ventures, strategic alliances, shareholders controversies and corporate restructurings. In addition to Valle, Jimena González De Cossío, who earns praise for her ‘attention to detail, and innovation in structuring contracts’; Ana Sofía Ríos, who also advises on corporate governance and regulatory compliance matters; and Fernando González, who was raised to the partnership in December 2021, complete the core practice group. Skilled associate Isabel Núñez is also noted.

Practice head(s):

Miguel Valle Salinas


Excellent team of lawyers. We have been working with this same team for almost 5 years now and have always seen excellent service, but also an evolution and sophistication to match our business.’

Our partner is Jimena Gonzalez de Cossio, who has handled a large part of our business. Some of her qualities are attention to detail, innovation in structuring contracts, as well as closeness and being able to take care of the client.’

The team knows how to communicate and use their resources effectively. They are experts in the field, which makes them reliable. They handle sophisticated issues very well and explain them clearly to all levels of the organisation. They understand the level of urgency and provide timely responses.’

They are very prepared and professional lawyers, with a high level of responsibility and communication. They are close to their clients, offering a personalised service.’

Key clients

International Paper

Interpublic Group

Houston Football Holdings



Siemens Healthcare

Smurfit Kappa



Gilbane Alberici

Work highlights

  • Advised International Paper on its corporate restructuring in Mexico in order to comply with the labour law reform regarding outsourcing compliance.
  • Assisted DD3 Capital Partners with the structuring and formation of a new hedge fund (DX3) focused on financing and investment opportunities in Mexico.
  • Advised Aralpa Capital in connection with its investment in a real estate fund that will focus on the development and operation of a luxury hotel and residential project under the Four Seasons brand in Caye Chapel, Belize.

Deloitte Legal Mexico

Deloitte Legal Mexico houses a ‘leading team which is attentive to the project, and follows up in a timely and friendly manner’; it advises national and international clients on a wide range of mandates, with cross-border M&As, joint ventures and restructurings accounting for much of the caseload. Seasoned practitioners Ramón Bravo and Luis Lavalle head the department from Mexico City and Monterrey respectively, and are closely supported by younger partner Héctor Cuevas, also in Mexico City. The practice includes a second line of talented lawyers comprised of Monterrey-based manager Berenice Rivas; manager José Ángel Romero; and senior associates Leonet Pinto Núñez, and Alfonso Malagón, who provide additional expertise regarding the financial, infrastructure, telecommunications, pharmaceutical and healthcare industries. The latter three are based in Mexico City.

Practice head(s):

Ramón Bravo Herrera; Luis Lavalle


A leading team which is attentive to the project, and follows up in a timely and friendly manner.’

Implemented a dataroom that guarantees the secrecy with which information is handled for review, and were assertive to the needs of handling deliverables.’

Delivering services in the midst of a pandemic, with social distancing and tele-working, is not easy and Deloitte made it gentle but effective.’

Key clients

Saint Gobain


DSV Air & Sea


ABB México

Renault Mexico


Union Chimique Belge (UCB)

Korea Electric Power Corporation (KEPCO)


Word Bank Group


SSC Space Corporation









Work highlights

  • Advised Tupperware in relation to its corporate restructure, a merger, and adebt restructuring.
  • Advised Saint Gobain regarding a merger and intercompany services agreements.
  • Assisted DSV Air & Sea with the review of contracts and the restructuring of its companies due to the acquisition-by-merger of a European transport company.

EC Rubio

EC Rubio has a lengthy track record advising multinational corporations doing business in Mexico in a wide variety of industries, and is particularly adept at handling cross-border work, providing legal support on the Mexican aspects of multi-jurisdictional transactions. Derived from its strong international trade practice, the team boasts solid expertise in the maquiladora industry, advising clients primarily drawn from the automotive, industrial and logistics services industries. The bulk of the practice group is located in Ciudad Juarez, notably, practice-head César Ochoa and Daniela Flores; but also enjoys a strong presence in Mexico City led by Eduardo David, and in Querétaro, under the direction of Sergio De La Rocha.

Practice head(s):

César Ochoa; Sergio De La Rocha

Key clients



TE Connectivity

Brady Corporation

Regal Rexnord

TriMas Corporation

International Paper



KNW Co., Ltd.


MS Group

TS Tech Co., Ltd


Zircon Corporation

Work highlights

  • Advised MS Group Holdings on its $3m acquisition of a 40% interest in BRH2.
  • Represented Ridgemont Equity Management as Mexican counsel on its investment into SEKO Global Logistics Network.
  • Planned and coordinated the restructuring of the Mexican entities of  TriMas located in San Miguel Allende, Guanajuato.

Jáuregui y Del Valle, S.C.

Jáuregui y Del Valle, S.C.‘s longstanding corporate and M&A department is led by María del Pilar Labastida Álvarez, who brings to bear her expertise in corporate and commercial law, joint ventures, mergers and acquisitions, as well as foreign investment, corporate governance and compliance with corporate obligations. The group, which includes other key practitioners such as senior associate Alejandro Creel Ysita, and associate Fernanda Acevedo, regularly acts for national and international clients from a variety of industries, including automotive, retail, manufacturing, pharmaceutical, and financial. Former department-head Miguel Ishii Yokoyama left to found his own firm in January 2022.

Practice head(s):

Fernando Alonso-de-Florida; María del Pilar Labastida


The service is one of the best in the industry.’

Pilar Labastida and Fernanda Acevedo have proven to be efficient in resolving various problems. Regarding the time and effectiveness of the services, they use practices within professional ethics and have never delayed resolutions in order to obtain a greater economic benefit in their fees.’

Key clients

Banco Santander de Mexico

Suzuki Motor de México


The Berwind Corporation

FXI Holdings

Brambles Business Services México

Grupo Zapata

Emerson Group

Grupo Hojel

Dechra Pharmaceuticals

PagoNxt Merchant Solutions

Work highlights

  • Advised Santander Group on the $86m acquisition of merchant payment solutions company Elavon México.
  • On-going corporate up-date and corporate control and housekeeping of various of the Mexican subsidiaries of the Emerson Group
  • Acting as external legal counsel of Suzuki Motor de México regarding general corporate legal matters in Mexico.