Mr Sean Goldstein > White & Case S.C. > Mexico City, Mexico > Lawyer Profile

White & Case S.C.
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Asset Finance, Project Finance, Power




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Latin America: International firms > Projects and energy

White & Case LLP has impressed in power sector financings, notably in Argentina, Chile, Peru and Uruguay, while it is building up its profile in Mexico. As a global firm, it might be closely associated with the world’s leading lenders, but its eminence in Latin America has also attracted a wealth of sponsor and borrower clients. It has a burgeoning presence in project development, construction and equity investments, and is noted for its transport infrastructure expertise and its experience in project bonds. Its growing team in Houston is also bringing it even further closer to the region, particularly in renewables and oil and gas. Recent mandates include advising Goldman Sachs, IDB Invest, IFC and Swiss Export Risk Insurance (SERV) on the $1.8bn financing for the design, construction and operation of a 1,516MW thermoelectric power plant in Sergipe, Brazil – the financing involved an investment-grade, senior secured notes and loan to a Luxembourg special purpose vehicle; and Atlas Renewable Energy, on its $114m long-term financing for two solar power projects in Uruguay. According to one client, ‘the team adds value to the analysis of a transaction by way of combining its knowledge, its negotiation skills and its flexibility for last minute calls or communications‘. It is praised for its ‘combination of different levels of expertise‘ and ‘lawyers who speak various languages‘ which contributes to successful drafting, negotiating and closing. Overall, the ‘team is hard-working, skillful and attentive to lenders’ needs‘, ‘has an enviable experience in the project finance sphere, particularly in power and involving ECAs and development banks‘. Head of the Latin America group Carlos Viana is based in Miami and is praised for his ‘availability‘, ‘deep knowledge and experience in project finance‘, and his ‘broad industry network‘. Sao Paulo’s John Anderson is widely acclaimed, particularly for projects in Brazil and Peru, including hybrid loan and bond financings. Mexico City partner Sean Goldstein is helping the firm to build its standing in Mexico and Brazil. Houston partner Steven Otillar has played a key role in developing the firm’s Latin America oil-and-gas practice throughout the upstream, midstream and downstream segments; and the recent arrivals of William Parish, Rodrigo Dominguez and counsel Emilio Grandio-Urrea to the Houston office from Orrick, Herrington & Sutcliffe LLP have served to further heighten the firm’s standing in Latin America oil-and-gas and renewables projects. In Washington DC, Victor DeSantis is another prominent name in the market; while in Miami, Jeannine Acevedo has ‘deep knowledge and experience in Latin America project finance‘, and Thomas Pate is ‘always available and very professional‘ and ‘cognisant of clients’ needs‘. Also in Miami, counsel Anna Andreevahas shown outstanding negotiation capacities, with a superior talent for bringing the right arguments to the table and articulating her client’s wishes to the counterparty‘. In New York, the increasingly energy and infrastructure-focused corporate practitioner Armando Rivera Jacobo arrived from Debevoise & Plimpton LLP  in July 2019.

Mexico > Banking and finance

White & Case S.C.’s ‘dedicated’ and ‘well-prepared’ team ensures its ‘availability’, brings to the table a ‘great relationship with regulators’ and provides ‘depth of analysis and focus on each deal’. Representing national and international clients on inbound and utbound matters, it frequently teams up with sector specialists from across the firm’s network as required. Recent mandates include advising: Inversionistas en Autotransportes Mexicanos (IAMSA) on a $91.7m refinancing granted by Banco Nacional de Comercio Exterior to affiliate Omniair, and involving several other parties as obligors and guarantors; chemical company CYDSA, as borrower, in a $160m term loan credit facility granted by Banco Mercantil del Norte and Banco Nacional de Comercio Exterior as lenders, and Banco Nacional de Obras y Servicios Públicos as lender and guaranty and administrative agent; and Banorte on the  aquisition-by-merger of Grupo Financiero Interacciones, a transaction valued at $1.4bn billion and including all the group’s banking, broker-dealer, insurance and asset manager subsidiaries. The practice also has a strong FinTech capabbility and advises clients such as PayPal. Highly-regarded practitioner Juan Antonio Martin co-leads the team with Vicente Corta; Francisco Garcia-Naranjo González, María Teresa Fernández Labardini, and Manuel Groenewold are also key lawyers, as is NYC-qualified Sean Goldstein -who shuttles between Meixco City and New York. The bench was further strengthened with the arrival of Arcelia Olea Leyva, previously General Counsel of the National Banking & Securities Commission (CNBV). Other clients include EDC, BBVA Bancomer, The Bank of Nova Scotia, PayJoy México, Afluenta, Credit Agricole, Morgan Stanley, Blackrock, and JP Morgan.