Firm Profile > Kuri Breña, Sánchez Ugarte y Aznar > Mexico City, Mexico

Kuri Breña, Sánchez Ugarte y Aznar
PROL PASEO DE LA REFORMA 1015, TORRE B, PISO 8
COL DESARROLLO SANTA FE
CP 01376 MÉXICO, DF
Mexico

Banking and finance Tier 3

The 12-strong team at Kuri Breña, Sánchez Ugarte y Aznar handles relevant national and international transactions for an impressive array of clients, assisting with securitisation and asset-backed structured finance; corporate finance; real estate, shipping and aviation financing; and debt restructuring plans. Recent highlights included acting for Scotiabank on a MXN$455m loan to Grupo Axende for the construction and operation of a complex in the city of Queretaro; Bancomext on the sale of the Eólica Santa Catarina project to World Wide Renewable Energy; and Vitro on the negotiation of a $700m syndicated loan agreement to refinance existing debt. Daniel Kuri Breña co-heads the practice with Guillermo Garay and Bernardo Luna; key support comes from Álvaro Sarmiento Lapiedra, Rodrigo López Márquez, Alejandro Sobarzo Hadad and senior associate Miguel Vallejo. Former senior associate Héctor González M moved to ONTIER México in mid-2018. Other clients include Altum CP, Monroe Capital Advisers, Sofocade, and Promecap.

Capital markets Tier 3

For clients, Kuri Breña, Sánchez Ugarte y Aznar stands out for its ‘quick responsiveness and initiative’. The 11-strong team advises issuers, dealers, corporations and other market participants in all areas of capital markets, especially structured financing transactions, and debt and equity securities issuances. The team provided ongoing advice to key client Vinte Viviendas Integrales on its third long-term notes issuance for a value of MXN$800m; it assisted Consubanco on its sixth notes issue, for a value of MXN$1bn (and as  part of a five-year, MXN$4bn programme); Docuformas on its first issuance of certificados bursátiles, for MXN$150m (part of a five-year MXN$2bn programme); and Crédito Real on its second issuance of 5-year trust certificates backed by accounts receivable from loans granted by the client and its dealers to employees, for an amount of MXN$615m. Daniel Kuri Breña and Álvaro Sarmiento Lapiedra ‘are always on top of everything we need, making things move fast whenever possible’, says one client. They co-head the practice with Luis Octavio Núñez. Other key practitioners include Guillermo Garay, Alejandro Sobarzo Hadad. Support comes from senior associates Miguel Vallejo and José Alejandro Casas Farías, who is highly valued by clients. Other clients include AB&C Leasing de México, Corporación Financiera Atlas, Financiera Bepensa, Fimubac, and Unirenta Arrendamientos.

Corporate and M&A Tier 3

Kuri Breña, Sánchez Ugarte y Aznar offers clients a 'great team with great results', particularly for transactional matters such as M&A, private equity buyouts and joint ventures. Recently it advised Gazsur, a joint venture between Grupo Infra and Air Products, on its $100m acquisition of a hydrogen plant from Pemex Transformación Industrial. The team also acted as Mexican counsel to ONCAP on the domestic aspects of its $370m global takeover of Walter Surface Technologies. Clients benefit from a deep and talented partner bench, including Daniel Kuri BreñaLuis Octavio Núñez, and Jesús Sánchez Ugarte . Guillermo Garay is considered 'an excellent attorney who handles complex transactions with ease'.

Projects and infrastructure Tier 3

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.

Real estate Tier 3

Highlight work for Kuri Breña, Sánchez Ugarte y Aznar included advising Prologis on various real estate acquisitions for warehousing and logistics facilities, as well as land sales and long-term leases on behalf of institutional clients. The team counselled longstanding clients Vinte Viviendas Integrales (as part of a joint venture with OHL Mexico), on an extension to the MXP$50m loan granted by Banregio for the development of a residential project in Mayakoba, Playa del Carmen; Nissan Mexicana on long term leases for office space for  the new headquarters of Nissan and Renault in two different locations in Mexico City; and ThyssenKrupp on long term leases for manufacturing facilities in Puebla and Chihuahua, as well as a long term lease and the sale of a building. The six-strong team practice covers leasing and real estate development; financing and securitisation of cash flows originating from real estate properties; joint ventures; and cross-border transactions including acquisition, disposition, leasing and development of industrial, hotels and commercial properties. Practice co-heads Luis Octavio Núñez and Guillermo Garay 'know real estate like few others'.

Kuri Breña, Sánchez Ugarte y Aznar is a leading corporate law firm located in Mexico City that provides efficient, dynamic and personal services with a business perspective. Since its foundation in 1990, it has implemented some of the largest Mexican privatisations in the financial and industrial sectors; it has taken part in the design of important infrastructure projects and has conducted the negotiation and implementation of some of the most important financial restructurings in Mexico. The firm has robust its tax and antitrust capabilities lead by a highly regarded tax specialist and the former president of the Antitrust Regulatory Commission. With high ethical standards and commitment, the firm participates in the negotiation and implementation of mergers and acquisitions, private equity transactions, financings and equity and debt offerings in the public markets. The firm constantly innovates in structured financing and real estate transactions, as well as in antitrust matters.

Main areas of practice
Mergers and acquisitions: the firm takes an active role in the structuring and implementation of mergers, equity acquisitions, and the purchase and sale of going concerns. The firm offers services such as the preparation and negotiation of contracts, obtaining corporate authorisations, compliance with regulatory requirements and, in general, all aspects necessary to implement and close such transactions. The firm frequently advises clients in matters related to venture capital investments, private equity investments and in the implementation of other investment mechanisms, as well as in the sale of equity participations of such clients in Mexican companies.

Banking, structured finance and restructuring: the firm engages in the drafting, negotiation and closing of credit agreements, debt restructuring agreements, financing plans, as well as other types of contracts related to project and bank financing. The firm has been involved in important securitisation and restructuring transactions concerning multinational companies as well a large number of states and municipalities.
KSA advises domestic and international financial institutions in all their commercial activities, as well as in corporate governance matters. The firm also works with foreign banks and other financial institutions in matters related to their operations in Mexico, including the establishment of representative offices and subsidiaries.

Securities: the firm advises Mexican companies and sovereign entities in the issuance of debt and equity securities, in Mexico, and in the international markets, in public or private placements. The firm has also advised groups of shareholders of Mexican companies in secondary offerings. In this area, the firm participates in securing the required approvals from the National Securities and Banking Commission and the listing of the securities. The firm performs due diligence, and participates in the drafting of offering memoranda, prospectus and other offering materials, negotiation of underwriting agreements, indenture trusts indentures and other related documents. The firm also advises issuers in connection with their reporting obligations and ruling requests.

Real estate: the firm is involved in a variety of transactions related to the acquisition, sale, lease and development of real estate, including the financing and securitisation of cash flows originating from real estate properties.
The firm’s experience includes the design and implementation of legal structures for the purchase, sale or lease of real property for resorts, as well as for commercial or industrial purposes, using structures such as trusts, ‘sale and lease-back’, usufruct and development and management agreements, among others.

Antitrust and international trade: the firm has experience in anti- trust matters and has represented domestic and international clients in important cases before the Federal Antitrust Commission, related to mergers, acquisitions and investigations on monopolistic practices. The firm has also developed an important practice on international trade, including the representation of Mexican and foreign companies in connection with investigations on predatory commercial practices and subsidies. The practice includes the participation in procedures before the Ministry of Economy and international panels.

Infrastructure: KSA has represented both international and domestic clients in infrastructure projects including energy, telecommunications, toll roads, mining and steel industries and in securing all governmental approvals necessary to operate or finance these projects, including setting up partnerships or joint venture agreements and corporate structures for financing and investment.

Foreign investment: KSA is usually involved in drafting and negotiating all kinds of agreements to structure business combinations, joint ventures, shareholders agreements and other documentation in connection with the participation of foreign investors in business entities.

Arbitration and alternative dispute resolution: the arbitration practice includes advising clients in all phases of arbitration proceedings and, if necessary, coordination of attorneys with experience in other areas of law, based in Mexico or abroad. The attorneys of the firm advise clients in arbitration proceedings conducted through the International Chamber of Commerce and other organisms of high reputation.

Tax and administrative litigation: the firm has experience advising clients in the implementation of defensive measures against tax authorities, including the use of revocations, annulments, appeals and constitutional remedies. The firm defends its clients against disputes arising from governmental activities through any public agency, including those derived from public contracts, the granting of concessions, authorisations or the imposition of fines and other sanctions. The firm’s services include handling review procedures by tax or administrative authorities that give rise to actions affecting its clients.

Department Name Email Telephone
CORPORATE FINANCE Álvaro Sarmiento Lapiedra asarmiento@ksa.mx +52 55 5292 5930
MERGERS AND ACQUISITIONS Daniel Kuri Breña Romero de Terreros dkuribrena@ksa.mx +52 55 5292 5930
INFRASTRUCTURE FINANCING Bernardo Luna Guerrero bluna@ksa.mx +52 55 5292 5930
PUBLIC PROCUREMENT Alejandro Sobarzo Hadad asobarzo@ksa.mx +52 55 5292 5930
REAL ESTATE Guillermo Garay Espinosa ggaray@ksa.mx +52 55 5292 5930
REAL ESTATE Luis Octavio Núñez Orellana lnunez@ksa.mx +52 55 5292 5930
OIL AND ENERGY Jesús Sánchez Ugarte jsanchez@ksa.mx +52 55 5292 5930
TAX AND ADMINISTRATIVE LITIGATION Salvador Ortiz Rodríguez sortiz@ksa.mx +52 55 5292 5930
BANKING Rodrigo López Márquez rlopez@ksa.mx +52 55 5292 5930
Partners : 9
Total staff : 33
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