Projects and infrastructure in Mexico
CMS Woodhouse Lorente Ludlow is a leading market player for major infrastructure projects and is praised for its 'availability, out of the box thinking and great follow-up'. The practice, which provides 'excellent service' to a broad mix of public and private sector clients, is co-led by founding partner Enrique Lorente Ludlow and the up-and-coming César Lechuga. Name partner Derek Woodhouse is also noted for his expertise in energy-related projects. Recent highlights include advising the Mexico City government on the MXN$5.3bn development of the Taxqueña Transport Hub, which includes a subway and intercity bus link, and mixed-use development with retail, office and hotel facilities. Private sector clients include Termow WTE, Grupo Danhos, and BlackRock Mexico.
Galicia Abogados S.C. is a top choice among sponsors and lenders for high-end projects and infrastructure work. The extremely experienced team is jointly led by Carlos De Maria y Campos, who is especially active on the energy front, and Alejandro De La Borbolla, who is more focused on transport and social infrastructure projects. The team recently advised Fermaca on the hybrid $815m refinancing for the development of a 420km gas pipeline between Chihuahua and Durango; and also advised Natixis, Sumitomo Mitsui Banking Corporation and Korea Development Bank on the $126m financing for the development of a 129MW gas-fired power plant in Pesquería. Additional key partners include Francisco Fernández Cueto, Bernardo Martínez Negrete, and Antonio Borja. Since publication, the team has been further consolidated with the January 2020 elevation of Ernesto Partida to the partnership.
Jones Day has an extremely well-regarded practice that is praised for its 'strong execution and work ethic'. The four-partner group has extensive experience across the infrastructure spectrum, including transportation, energy, pipelines and water treatment projects. Recent mandates saw teams advise Jinko Solar on the $135m financing for the development and operation of a 130MW solar power project in Jalisco; and in the transportation segment, Grupo Aeroportuario de la Ciudad de México on its $1.6bn IPO of Fibra E shares on the Mexican Stock Exchange. Key practice partners include Alberto de la Parra, Antonio Franck, José A Estandía and Manuel Romano; all of whom have established excellent market reputations.
Nader, Hayaux y Goebel, SC is 'very responsive and adopts a pragmatic approach to thorny problems'. The 'very impressive' team has a deep bench of partners with plenty of expertise including Michell Nader, particularly for energy projects; the 'pragmatic, solutions-oriented and knowledeable' Javier Arreola, Alejandro Rojas, and PPP-specialist and 'great lawyer', Vanessa Franyutti. Recent notable projects-work includes advising SIMEPRODE, an agency of the state of Nuevo Leon, on the structuring and development of Mexico's first waste-to energy PPP. The practice also represented the Water Commission of the state of Sonora on the bidding process to build, operate and maintain a major desalination plant in Guaymas. Since publication, rising star Santiago Medina has been made partner, effective January 2020.
Ritch, Mueller, Heather y Nicolau, S.C. is 'a perennial leader in this sector', especially for hydrocarbons and power-related projects where the firm represents a mix of lenders, sponsors and other investors. Thomas Mueller-Gastell leads the seven-partner team that has deep bench of highly-rated partners, such as Federico Santacruz, who is 'a leading light of the Mexican energy bar'. Other key individuals include Gabriel del Valle Mendiola, Jorge Oria y Anaya and Asaf Jimenez Adorno. On the lender-side, the firm advised NordLB and DBTCA on the $814m refinancing of the Fermaca El Encino gas pipeline. The team also represented Recurrent Energy Mexico Development, a subsidiary of Canada's Solar International, on the $45m financing for the development and operation of a photovoltaic power plant.
Creel, García-Cuéllar, Aiza y Enríquez, S.C. has an extremely active practice that is 'outstanding at all levels, from the main deal partner to the junior associate'. The practice group, which is jointly led by Santiago Sepúlveda and José Ignacio Segura acts for a broad mix of sponsors, developers, construction companies and lenders. The team recently advised CFEnergia in the design and development of a $150m liquid-fuel storage project in Baja California and also assisted a syndicate of lenders on the $300m-plus financing for the construction of two solar-power plants in Sonora.
González Calvillo, SC is 'excellent' for advising sponsors and lenders on major projects and has been especially active on infrastructure deals in the energy sector. Notable highlights include advising the banks, including Citigroup and Sumitomo Mitsui Banking Corporation, on the financing of Actis's $1.1bn acquisition of InterGen's Mexican business interests, including six power generation projects, a 155MW wind farm, and a 65km natural gas pipeline. Clients benefit from a strong bench of partners, including Enrique González Calvillo, Jorge Cervantes and Oscar Moreno Silva.
The team at Greenberg Traurig, S.C. has experience advising lenders and sponsors at every stage of the project cycle. Recent mandates include advising Impulsora del Desarrollo y el Empleo en América Latina on the refinancing of two social infrastructure projects. In the transport segment, the team represented Banco Nacional de Obras y Servicios Públicos and Institución de Banca de Desarrollo, as lenders, on the $275m financing for the “Siervo de la Nación” toll road in the state of Mexico. The highly-respected Juan Manuel González leads the experienced team, which also includes José Antonio Butrón. Clients include Mexico Infrastructure Partners, Banco Santander, MXT Capital Partners and Grupo Hermes Infraestructura.
Mijares, Angoitia, Cortés y Fuentes S.C. provides a 'top notch service' advising financial institutions, public sector bodies, developers and sponsors on a wide array of projects and PPPs. The practice group's expertise reaches across oil and gas, power and transportation, to water and waste, where it is 'very knowledgeable about the market'. On the lender-side, the team represented Banco Santander, Banobras and Banco Interacciones on a multimillion-dollar loan to Infraestructura Especializada de Guanajuato for the refinancing of a prison project in Ramos Arizpe. On the transactional-side, the firm advised Artha Capital on the acquisition of two photovoltaic projects totaling 108MW from SunPower. Key partners include 'the very knowledgeable and responsive' Horacio De Uriarte, Pilar Mata and Patricio Trad.
Santamarina y Steta has a solid track-record advising on major infrastructure projects, where it represents a mix of sponsors, public-sector bodies and lenders. Its expertise runs from energy-related developments, including waste-to-energy projects, through to transport, telecoms and social infrastructure. Key partners include Sergio Chagoya and Juan Carlos Machorro.
White & Case S.C. regularly advises on major infrastructure projects, particularly in the oil-and-gas, power and telecoms industries. The practice recently advised Comisión Federal de Electricidad-subsidiary, CFEnergía, on a joint venture with Andeavor to build and operate a refined products terminal at the CFE's Rosarito storage facility. The team also advised CFE on a project to repower the fuel supply system at its Petacalco thermal-power plant. As well as public sector clients, the team regularly represents investors, including BlackRock, and lenders, such as Morgan Stanley and Citibanamex, as well as oil-and-gas companies. The firm has several experienced and versatile partners, including Vicente Corta and Francisco De Rosenzweig.
Baker McKenzie Abogados, S.C. has a diverse practice that is popular with a wide range of project sponsors and investors, with expertise that includes major social and transport infrastructure projects. The practice has been especially active in the energy and utilities sphere for a range of clients including Sojitz Corporation, Intertek, Emerging America, and Repsol Exploracion. The 'knowledgeable' Jorge Guadarrama and Benjamin Torres co-lead the team, which was further strengthened in October 2019 with the hire of Daniel E Sánchez, who joins as a partner of the firm's banking, finance and projects practice group.
Basham, Ringe y Correa, S.C. is recommended for major energy and mining projects, as well as transport, social infrastructure and manufacturing-related developments. The team recently advised AAM Maquiladora Mexico on the interconnection of its 12MW project to the country's National Electric System. It also advised Gran Solar on the acquisition of a solar-power plant that is currently in development. Juan Carlos Serra and Daniel Del Rio co-lead the well-regarded team.
Chávez Vargas Minutti Abogados has experience across a wide range of infrastructure matters and regularly advises on public tenders, financings and project executions. The firm recently advised Elecnore on a long-term financial leasing for a waste water treatment plant in Tijuana. The team also represented Triturados 2012 Edificalidad on an unsolicited proposal for the design, construction and operation of a solid waste treatment and waste-to-energy complex in Sinaloa. Name partners José Antonio Chávez and Brian Minutti are both highly experienced.
COMAD, S.C. is a highly-regarded boutique with plenty of experience advising contractors and sponsors on major infrastructure projects. Despite its relatively small size, with its particular expertise in constructionmatters, the firm has been involved in numerous major projects, including advising New Mexico City Airport project manager, Parsons International, prior to the mega-projects cancellation. The team is also representing Ferrocarril Interurbano, the contractor responsible for the track and supply of trains for the Mexico-Toluca railway project. Managing partner Roberto Hernández Garcia is 'Mexico's leading construction specialist'; Eulalio Hernández and María Isabel Rodriguez are also both experienced in the sector.
Spanish giant Cuatrecasas' young office -opened in 2016- has established a good track record for advising on infrastructure projects, particularly in the oil-and-gas and telecoms sectors. Clients benefit from a strong spread of expertise, including energy partner Marco Antonio de la Peña, corporate and regulatory partner Santiago Ferrer and finance partners Liliana Corzo and León López.
Haynes and Boone, SC is recommended for its strong track-record advising on energy-related infrastructure projects including renewables and oil and gas. Partner Nicolas Borda -who also has environmental expertise- is a leading figure in the market, particularly for oil-and-gas matters; while counsel Jorge Sanchez has experience of mining projects.
Holland & Knight clients report being 'very pleased by the firm's work for us, the lawyers flexibility, their creativity, and their attention to our unique needs'. The team reacent advised major client, Bancomext, on a $420m financing to Eólica Mesa la Paz for the development of a 306MW wind power project. The team also advised Buenavista Renewables on the $30m refinancing of a solar-power project in Chihuahua. Both very experienced, practice head Alejandro Landa and Carlos Ochoa are praised for their 'overall fine service'.
Kuri Breña, Sánchez Ugarte y Aznar advises a mix of government entities, private investors and sponsors on their participation in social, transport and energy infrastructure projects. The team recently advised Banobras on the $80m financing for the construction, operation and maintenance of a Mexican Workers' Social Security Institute (ISSSTE) general hospital project in Tepic. The firm also represented the Secretaría de Comunicaciones y Transportes on the public tender for several major road-maintenance PPPs. Banking head Bernardo Luna and Alejandro Sobarzo Hadad jointly lead the three-partner team.
Norton Rose Fulbright represents sponsors, lenders and investors on a diverse range of projects in the energy and natural resources sectors. The firm recently advised Red Kite Finance on the $206m debt funding of a lithium project in Sonora; and also advised the lenders on the $447m financing for four solar-power projects developed by X-Elio, with an aggregate output of 493MW. Hernán González Estrada jointly leads the team with Raquel Bierzwinsky, who divides her time between Mexico City and New York.