Rodrigo Castelazo > Creel, García-Cuéllar, Aiza y Enríquez, S.C. > Mexico City, Mexico > Lawyer Profile

Creel, García-Cuéllar, Aiza y Enríquez, S.C.
TORRE VIRREYES, PEDREGAL 24, 24TH FLOOR
COL. MOLINO DEL REY
MEXICO CITY, 11040
Mexico
Rodrigo Castelazo photo

Work Department

Banking and Finance, Bankruptcy and Restructuring, Capital Markets, PRivate Equity

Position

Partner

Career

Mr. Castelazo regularly advises a wide array of clients in complex capital markets and structured finance transactions, as well as in restructuring processes in Mexico. In recent years, Mr. Castelazo has worked on some of the most innovative financial transactions in Mexico, including the first ever co-investment fund established between Mexican pension funds and CDPQ, one of Canada’s largest pension funds, through the largest public offering of equity development certificates (CKDs) to date, three of the largest real estate investments trust (FIBRA) IPOs in Mexico, and one of the first-ever debtor in possession financings under the Mexican insolvency statute. Most notably, Mr. Castelazo has been very active in the Mexican private equity market by advising Mexican and international sponsors in establishing their respective Mexican CKD funds through public listings of CKDs in Mexico, including Riverstone, Prologis, Walton Street Capital, Finsa, Interacciones and Planigrupo. In capital markets, Mr. Castelazo has advised issuers and underwriters in multiple domestic and global equity offerings, including working on IPOs (and follow-ons) by Ienova, FIBRA Macquarie, Terrafina and FIBRA Prologis. In the realm of banking and finance, Mr. Castelazo regularly advises global and domestic financial institutions in financings to Mexican companies or with a Mexican component. Recently, he participated in the first four unsecured real estate revolving financings in Mexico, an innovative financial product that has increased the financing options available for Mexican real estate companies and trusts. Mr. Castelazo has also represented creditors and debtor-in-possession finance providers in some of Mexico’s largest insolvencies in recent years, including Vitro, Comercial Mexicana and Homex.

Mr. Castelazo has been ranked or cited in capital markets and banking and finance by many publications, including Chambers and Partners, The Legal 500, and IFLR 1000. In 2014 and 2015, Mr. Castelazo was awarded the exclusive Client Choice Award for Securitization and Structured Finance, and again in 2016 he was awarded the Client Choice Award, this time for Capital Markets.

Languages

Spanish and English

Education

He received his law degree (JD) from Universidad Iberoamericana in Mexico City in 2002, and obtained his LL.M degree from Harvard Law School in 2006. He also has a postgraduate degree in International Financial Law from the Universidad Panamericana in Mexico City.

Lawyer Rankings

Mexico > Capital markets

(Leading individuals)

Rodrigo CastelazoCreel, García-Cuéllar, Aiza y Enríquez, S.C.

Creel, García-Cuéllar, Aiza y Enríquez, S.C.‘s revered practice is a dominant force in the capital markets arena in Mexico. Its sizable and ‘highly-qualified team’ is renowned for its prowess advising issuers and underwriters on both debt and equity transactions, and is lauded for its for its pioneering track record handling transactions such as CKD-listings and the initial operations for mortgage REITs, master limited partnership Fibra-Es, and CERPIs. The sturdy practice houses a number of notable, senior practitioners, first and foremost: senior partner Carlo Aiza, who remains a renowned specialist in this field; Rodrigo Castelazo, who recently led the team which advised Finsa on its first-ever Mexican private fund, which allows Mexican pension funds to invest in a platform that offers access to investments in industrial real estate assets; Carlos Zamarrón, who boasts a wealth of experience in capital markets, structured finance, and asset securitisation transactions; Eduardo Flores Herrera, who focuses on a variety of public and private securities offerings – including equity, Fibras, CKDs, securitisations, and secured, unsecured and subordinated debt; and Mercedes Haddad, who brings additional expertise in structured finance, asset securitisations and derivative transactions. Since research concluded, Flores Herrera has left the firm – effective as of July 2022.

Mexico > Bankruptcy and restructuring

Creel, García-Cuéllar, Aiza y Enríquez, S.C.‘s practice continues to gain momentum in the bankruptcy and insolvency domain, with a team that has excellent skills and a strong track record of success advising clients on the non-litigious aspects of corporate recovery, insolvency, restructurings and workouts. The group, which counts revered practitioners in the matter -such as of counsel Thomas Heather– in its ranks, is led by senior partner Carlos Aiza. The team is well-versed in advising bondholder banks and companies in financial debt restructuring; the restructuring of existing credit facilities and debt instruments; creditor advisory in connection with workouts and liquidation of distressed companies; the acquisition of distressed loan, companies and assets; and acting as mediators (conciliadores) and receivers. Finance and capital markets specialists Pedro Velasco, Rodrigo Castelazo, and Emilio Aarún; and senior associate Christian Dorantes, are other key names of the practice.

Mexico > Banking and finance

Creel, García-Cuéllar, Aiza y Enríquez, S.C. is widely acclaimed as one of the market’s undoubted heavyweights, not least in the field of banking and finance. Renowned rainmaker Carlos Aiza, who has an impeccable track record of activity in this area, heads the department, which boasts a stellar client roster consisting of a mix of international and domestic lenders, borrowers and financing entities, who seek out the practice for its expertise and ability to navigate a broad array of transactions. Of late, the team has handled complex structured financings, restructurings and DIP financings; cross-border, local single-bank and syndicated loan facilities; acquisition, structured and maritime financings (secured and unsecured), and high-level restructurings, project finance and derivatives operations. The sizeable practice counts a number of other prominent practitioners in its ranks, including Giovanni Ramírez Garrido, who has a focus on real estate lending and other asset-based lending transactions and has a particular experience in agro-sector loans; managing partner Pedro Velasco, who advises clients on a wide range of secured and unsecured financings, across several industries; Rodrigo Castelazo (banking, finance, bankruptcy, capital markets and private equity); Mercedes Haddad and Eduardo Flores Herrera (who both handle banking, finance and capital market matters). Up-and-coming figures include younger partner Emilio Aarún (asset-backed, mezzanine and structured finance; real estate, corporate and project finance, payroll loans, workouts and finance regulatory); and Alejandro Isaac, who was promoted to the partnership in January 2022. Former counsel Víctor Gallegos moved to Cervantes Abogados in July 2021. Since research concluded, Flores Herrera has left the firm – effective as of July 2022.