Garrigues > Mexico City, Mexico > Firm Profile
CORPORATIVO REFORMA DIANA
PASEO DE LA REFORMA 412, PISO 24, COL. JUAREZ
MEXICO CITY - 06600 MEXICO DF
Garrigues > The Legal 500 Rankings
Mexico > Banking and finance Tier 3The international Spanish firm Garrigues continues to consolidate its position in the Mexican banking and finance sector with a skilled practice that is primarily centred on project and structured financing, commercial bank lending and regulatory matters, as well as ongoing operational advice to banks and multilaterals with their activities in Mexico. Mario Juárez, whose expertise takes in secured and unsecured loans, project finance and infrastructure projects, M&A and equity investments, heads the 15-strong group, which was reinforced in August 2021 with the arrival of counsel Leopoldo Fragoso from Ritch, Mueller y Nicolau, S.C. Partner Gabriela Pérez Sierra, who specialises in energy and infrastructure finance; and senior associate Carlos Eduardo Gómez, are additional key contacts of the team. However, principal associate Daniel González left the practice in June 2021.
International Finance Corporation
Blue like an Orange Sustainable Capital Fund
DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH
UniCredit Bank AG
Mezzanine Mexico Uno
Servicios Compresión de Gas CA-KU-A1 (affiliate of Grupo ACS).
Goldman Sachs International Bank, Skandinaviska Enskilda Banken
Inter-American Investment Corporation
IKB Deutsche Industribank
Industrializadora Integral Del Agave
Corporación Andina de Fomento
Santander (Hong Kong branch)
El Fuerte Group
Avenger Flight Group
Banco Nacional de Obras y Servicios Públicos
- Advised Goldman Sachs, as part of a syndicate of banks also consisting of Skandinaviska Enskilda Banken, HSBC Bank and ING Belgium, on granting financing to Oriflame Investment Holding and other subsidiaries of the Oriflame group.
- Assisted Grupo Antolin with the issuance of a seven-year senior secured bond for €390m; the transaction was led and executed by Deutsche Bank.
- Assisted The iidea Company on the issue of guaranteed senior notes (due 2029), for a total principal aggregate amount of $60m, which were issued under the US Securities Act and guaranteed by Mexican and US subsidiaries of the client.
Mexico > Environment Tier 3Garrigues is well regarded for its ‘great experience and expertise on environmental issues’, and focuses on the management of potential environmental liabilities and irregularities for projects in the energy sector, social impact evaluations, project development, environmental permits, licenses, notices, and authorisations. The practice is led by partner Roberto Torres Velasco who specialises in environmental, regulatory and public law, and has extensive experience in licensing and environmental due diligence for energy, real estate, infrastructure, industrial and tourism projects; he is ‘excellent at his job, has full command of his field of action and has collaborated impeccably’, note clients.
Roberto Torres Velasco
‘Attention to matters is very efficient, punctual and practical answers to very complex matters. The team has excellent preparation, and treatment.’
‘Roberto Torres (partner) has a great knowledge of the matter, and the solutions he provides are business-oriented, in addition to providing very efficient personalized attention.’
‘The team has great experience and expertise on environmental issues, you can say that I have full confidence in their work. They are totally competitive versus other firms, I can also argue that their client service is incredible and they are very flexible in meeting our requirements. I like the platform they use for us to share information, it is an innovative system that allows information to be obtained with some immediacy, as well as being secure.’
‘I have personally had dealt with Roberto Torres, who is excellent at his job, has full command of his field of action and has collaborated impeccably.’
‘I have been fortunate to have worked in the past with Roberto Torres and more recently to share a classroom, teaching environmental law. He seems to me to be a very complete lawyer who is knowledgeable about environmental issues, as well as being very professional and kind in his treatment. I believe that it stands out compared to other of our peers who work in competing firms.’
Fuerte Group Hotels
Talesun Solar Switzerland
CRM Synergies Mexico
- Advised Fuerte Group on environmental issues related to the more-than-five-years development of a 470-room luxury hotel in Cancun.
- Advised Talesun Solar Switzerland on environmental assessment matters related to its 300MW photovoltaic power generation project; specifically, with the reformulation and rescheduling of environmental permits, licenses, notices, and authorisations.
- Advised CRM Synergies regarding the reallocation of its current industrial facility to a new location, undertaking the environmental review and analysing the regulatory feasibility of each of the intended new sites.
David Jiménez Romero; Roberto Torres
Mexico > Tax Tier 3Manual Llaca helms the Mexican tax practice at Garrigues, bringing to bear his more than 25 years' experience in tax litigation and consolidated expertise in transfer pricing and federal tax disputes. As an active branch of the full-service Spanish firm, the department is well-versed in cross-border transactions, drawing from the firm's global network of offices. Noted practitioners include principal associates Francisco Barajas and Ricardo Fernández De Arellano, who focus on consultancy and controversy work, and international tax respectively; and senior associate Diego López, who advises foreign companies expanding into Mexico, tax planning for corporate restructurings, and M&A. The practice has recently expanded its services to include adapting corporate and tax structures to the new labour code; moreover, it was further reinforced with the arrival of senior associate Iñigo García from the head office in Madrid in September 2021.
Aqualia Desalación Guaymas
BMW de México
Universidad Internacional de la Rioja
- Assisting FCC Aqualia’s Mexican subsidiary (Aqualia Desalación Guaymas) on obtaining a MX$80m refund of all the VAT paid throughout the preoperative period of a desalination plant that the client is building in the State of Sonora.
- Assisting Sacyr Mexico adapt its corporate and tax structure as a result of reforms to the labour legislation in force from September 2021.
- Representing Baxter in a case before the Federal Circuit Court against the limitation of the universal offset (i.e., the paying of taxes with other taxes).
Mexico > Corporate and M&A Tier 4The 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.
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.’
Howden Broking Group
American Tower Corporation
Deutsche Investitions- und Entwicklungsgesellschaft (DEG)
- 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.
David Jiménez Romero; Roberto Torres
Garrigues > Firm Profile
Garrigues Mexico offers expert advice through its top-tier team of lawyers, providing support to both local and international clients on entering and developing their business activities in the Mexican market. Since the opening of the Mexico office in July 2014, Garrigues has positioned itself as one of the leading firms in Mexico, having advised on some of the highest level projects and matters, and acting as legal counsel to top-tier international and domestic clients who are industry leaders in Latin America. Garrigues’ team in Mexico now comprises 25 fee-earners, out of which there are seven partners, all highly respected in the local legal market and with extensive expertise in their respective specialized areas.
The firm has more than 140 fee-earners in the Latin America region, distributed among its five offices: Mexico City, Bogota, Lima, Santiago de Chile and Sao Paulo. Garrigues has the largest network of own offices in the Latin America region among the major European law firms. It also has its own offices in the principal cities of Spain, Lisbon and Porto (Portugal), London (United Kingdom), New York (United States), Beijing and Shanghai (China) as well as Brussels (Belgium), Warsaw (Poland) and Casablanca (Morocco).
Gerardo Lemus – corporate M&A partner (firstname.lastname@example.org): Gerardo is currently a partner in the corporate M&A department. He specializes in M&A, international financing transactions and real estate law. He also has experience in economic competition matters. In recent years, Gerardo has developed niche expertise in telecoms towers, from financing to marketing and operation. Before joining Garrigues, Gerardo was a corporate M&A partner at Kuri Brena Sanchez Ugarte y Aznar, S.C., in Mexico.
David Jiminez – energy and infrastructure partner (email@example.com): David has represented several project developers, sponsors, lenders and private equity funds in energy and infrastructure project development and financing, as well as in acquisitions and dispositions of projects. He has broad experience in the structure and development of projects in the electricity industry as well as in the downstream and midstream industries. David was a partner at Chadbourne & Parke, S.C. in the energy and infrastructure practice area before joining Garrigues Mexico.
Mario Juarez – banking and finance partner (firstname.lastname@example.org): Mario has experience in international banking and financing transactions, including secured and unsecured loans, project finance and infrastructure projects, M&A and equity investments. Before joining Garrigues he was a partner at Ritch, Mueller, Heather y Nicolau, S.C., and between 2006 and 2009 was in-house counsel in the International Finance Corporation (World Bank).
Santiago Chacon – tax partner (email@example.com): Santiago’s expertise covers advising foreign investors on how to set up a business in Mexico, mergers and acquisitions of business in Mexico with sell/buy side due diligence and structuring. He has broad experience providing advice to companies on tax compliance and planning in Mexico, structuring of infrastructure projects, with special expertise in energy generation projects, financial structuring and complex corporate restructurings. He also has ample experience in dispute prevention and resolution before the Mexican tax authorities, mainly for foreign international companies investing in Mexico and Mexican companies expanding abroad, from a variety of sectors: energy, oil and gas, consumer products, retail, transportation and mining, among others.
Gabriela Perez – banking and finance, corporate and M&A partner (firstname.lastname@example.org): Gabriela graduated as a lawyer from Escuela Libre de Derecho (Mexico City 2003) and holds a Masters in Law from Duke University School of Law (North Carolina, 2012). She has over 11 years’ experience in advising national and foreign clients on a range of matters both in Mexico and abroad, specializing in financing transactions and in mergers and acquisitions of Mexican companies or foreign companies with subsidaries in Mexico. Before joining Garrigues Mexico, she worked at Ritch, Mueller, Heather y Nicolau, S.C. (Mexico City) for several years and was an international associate at the New York office of international firm Cleary Gottleib Steen & Hamilton LLP between 2012 and 2013.
|Corporate M&A||Pedro Saavedra|
|Corporate M&A||Gerardo Lemus|
|Corporate M&A||Gabriela Pérez|
|Banking and finance||Mario Júarez|
|Banking and finance||Gabriela Pérez|
|Energy and infrastructure||David Jiménez|
|Public law and environmental||David Jiménez|
|Public law and environmental||Roberto Torres|
|Capital markets||Mario Juárez|
|Capital markets||Gerardo Lemus|
|Capital markets||Gabriela Pérez|
|Real estate||Gerardo Lemus|
|Real estate||Roberto Torres|