The Legal 500

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JAVIER BARROS SIERRA 540, 4TH FLOOR, PARK PLAZA 1, SANTA FE, 01210 MEXICO DF, MEXICO
Tel:
Work +52 55 5201 7400
Fax:
Fax +52 55 5520 1065
Email:
Web:
www.macf.com.mx

Mexico

Banking and finance
Banking and finance - ranked: tier 1

Mijares, Angoitia, Cortés y Fuentes S.C.

The lawyers at Mijares, Angoitia, Cortés y Fuentes S.C. ‘are swift in their response and are always pushing to get the deal done in the best possible way for the clients and the other parties involved’. The 15-strong team ‘has the infrastructure to close big transactions’ and its expertise includes regulatory matters; personal loans, syndicated loans and project finance transactions; complex financial  and liabilities restructurings; structured finance; corporate lending and real estate finance; and FinTech. In highlight work, Manuel Echave acted as special Mexican legal counsel to JPMorgan Chase, Natixis, BNP Paribas, Credit Agricole, BBVA Bancomer, ABN Amro, Intesa Sanpaolo, Mediobanca International, Mizuho Bank and Unicredit, as lenders on the $1bn syndicated loan agreement granted to steel producer Ternium México; Ricardo Maldonado and Pilar Mata represented Fintech Advisory in the $3.5bn restructuring of Empresas ICA and its subsidiaries; and together with energy expert Horacio De Uriarte, Mata also assisted Atlas Renewable Energy Mexico in obtaining an $88.5m loan from Bancomext for the development of a photovoltaic project. Patricio Trad advised Peñón on the refinancing of its MetLife loan agreement for the construction and operation of the Courtyard by Marriott hotel at Mexico City International Airport. Other key practitioners include Martín Sánchez Bretón, Francisco Ibañez and newly appointed partner Ignacio Armida ; while support comes from senior associate Patrick Meshoulam. Other clients include Deutsche Bank, Grupo Axo, Banco Sabadell, and Goldman Sachs.

Leading individuals

Manuel Echave - Mijares, Angoitia, Cortés y Fuentes S.C.

Ricardo Maldonado - Mijares, Angoitia, Cortés y Fuentes S.C.

Next Generation Partners

Pilar Mata - Mijares, Angoitia, Cortés y Fuentes S.C.

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Capital markets
Capital markets - ranked: tier 1

Mijares, Angoitia, Cortés y Fuentes S.C.

The 20-strong team at Mijares, Angoitia, Cortés y Fuentes S.C. is valued for ‘performing tasks in a coordinated way, maintaining good communication with the client - thereby effectively dealing with the activities that are presented’. The practice handles the full range of capital markets transactions, associated administrative matters, and regulatory and compliance matters, for issuers, underwriters, structuring agents, investors and rating agencies, with a strong presence in the regulated sectors -including telecommunications, energy, aviation and finance, as well as infrastructure, petrochemicals, food and beverages, auto-parts, steel, retail and real estate. The team was active on a handful of project-investment certificate (CERPI) mandates, including advising Credit Suisse on the upto $900m CERPI issuances by both General Atlantic and KKR on the Mexican Stock Exchange. It also advised Be Grand on the establishment of a MXN$4bn CKD fund and associaed, initial MXN$800m development certificates issuance; and toll road concessionaire Red de Carreteras de Occidente (RCO), BBVA Bancomer (as structuring and placement agent), and Santander (as placement agent) on the refinancing by RCO of a portion of its long-term bond debt, involving the launch of two separate public tender offers (aimed at acquiring 2012 bonds) and an MXN$8.3bn issuance under a new MXN$20bn bond programme. The practice is led by its four partners, Martín Sánchez Bretón, Manuel Echave, Patricio Trad Cepeda, and Ricardo Maldonado; support comes from senior associates Patrick Meshoulam, Francisco Glennie, and Carlos Jiménez. Other clients include Citibanamex, IEnova, Barclays Capital, Grupo Televisa, Grupo Axo, Aleatica Mexico, and Fibra Mty.

Leading individuals

Martín Sánchez Bretón - Mijares, Angoitia, Cortés y Fuentes S.C.

Ricardo Maldonado - Mijares, Angoitia, Cortés y Fuentes S.C.

Rising stars

Francisco Glennie - Mijares, Angoitia, Cortés y Fuentes S.C.

Patrick Meshoulam - Mijares, Angoitia, Cortés y Fuentes S.C.

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Competition and antitrust
Competition and antitrust - ranked: tier 2

Mijares, Angoitia, Cortés y Fuentes S.C.

Mijares, Angoitia, Cortés y Fuentes S.C.'s clients benefit from a 'responsive and to the point' team of specialised litigators and advisors who provide 'clear communication and a dose of good humour'. The group's co-heads, Francisco Fuentes and Pilar Mata, are 'experts in antitrust' - both equally well versed in contentious and non-contentious matters. Recently the team advised Union Pacific Railroad in a landmark investigation by COFECE into competition in the rail freight industry. On the transactional front it represented Fintech Advisory on the clearance require for its acquisition of Empresas ICA, following the latter's restructuring. Other clients include Seadrill, ABB, and Transportes Aeromar.

Leading individuals

Francisco Fuentes - Mijares, Angoitia, Cortés y Fuentes S.C.

Rising stars

Carlos Orci - Mijares, Angoitia, Cortés y Fuentes S.C.

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Corporate and M&A
Corporate and M&A - ranked: tier 1

Mijares, Angoitia, Cortés y Fuentes S.C.

Mijares, Angoitia, Cortés y Fuentes S.C. has a top-notch reputation for cutting edge corporate finance work, and its clients benefit from a deep nine-partner team. The 'proactive' lawyers 'work under tight timelines' and represent an impressive mix of domestic and international clients, including some of the most active private equity funds in Mexico. Recently the team advised the Mexican-listed company, Alpek, on the US$801m sale of two cogeneration energy plants to Contour Global. The practice also advised GGI INV, a special purpose vehicle formed by several shareholders of Rassini, on its $666m bid for the remaining listed stock in order to take the company private. The firm boasts an array of talent, including name partners Pablo Mijares and Francisco Fuentes. Other key individuals include Ricardo Maldonado ('fantastic language skills and always takes a sensible approach'),  Patricio Trad, and the 'strategic, smart, hardworking' Eugenio Macouzet.

Leading individuals

Francisco Fuentes - Mijares, Angoitia, Cortés y Fuentes S.C.

Pablo Mijares - Mijares, Angoitia, Cortés y Fuentes S.C.

Ricardo Maldonado - Mijares, Angoitia, Cortés y Fuentes S.C.

Next Generation Partners

Ignacio Armida - Mijares, Angoitia, Cortés y Fuentes S.C.

Rising stars

Francisco Glennie - Mijares, Angoitia, Cortés y Fuentes S.C.

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Energy and natural resources
Energy and natural resources - ranked: tier 2

Mijares, Angoitia, Cortés y Fuentes S.C.

Mijares, Angoitia, Cortés y Fuentes S.C. is regularly instructed on major oil-and-gas and renewables matters, from infrastructure developments, joint ventures and M&A, through to long-term auctions in the power sector. The practice boasts an array of talent at every level, including partners Horacio De UriartePilar MataPatricio Trad, and Lorenza Langarica. On the transactional side the team recently advised Actis Energy on its $525m acquisition of two photovoltaic companies from Sun Edison, which are developing solar farms with 318MW of generation capacity. In oil-and-gas matters, the firm also advised California Resources Corporation on a tender process to engage in onshore extraction in the state of Tabasco.

Leading individuals

Horacio M. de Uriarte - Mijares, Angoitia, Cortés y Fuentes S.C.

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Projects and infrastructure
Projects and infrastructure - ranked: tier 2

Mijares, Angoitia, Cortés y Fuentes S.C.

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.

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Real estate
Real estate - ranked: tier 1

Mijares, Angoitia, Cortés y Fuentes S.C.

Key practitioner Javier Cortina left Mijares, Angoitia, Cortés y Fuentes S.C. in July 2018 to join consultancy firm A&H Haiat y Amezcua; while his departure was much commented on, the firm's practice group continues to be considered one of the ‘go-to’ destinations for real estate matters considering that ‘the lawyers have been involved in so many and such complex deals’. Indeed, recent work  included advising key client, residential property developer BeGrand, as sponsor (and two of its affiliates) on the establishment of its first CKD Fund for a total amount of MXN$4bn, as well as in the public offering and initial issuance of development certificates (CKDs) for an amount of MXN$800m. The team also continued to advise Hoteles Parks Hospitality on the negotiation of several agreements with Hilton and Grupo Posadas for the management of hotels located in different parts of Mexico; and acted as Mexican counsel to a group of lenders managed by Goldman Sachs in a $95.6m financing for the acquisition of the Hilton Los Cabos Hotel by Trinity Investments and various funds managed by Oaktree Capital Management and affiliates of Walton Street Capital. The 13-strong practice group also handles the regulatory, M&A, and environmental aspects of real estate, and -notably- houses an expert real estate tax team and lawyers who specialise in the contracting of rights of way, rights of use and similar structures necessary for infrastructure products such as roads, gas ducts, energy plants and wind farms. 'Exprienced and dedicated' practice head Lorenza Langarica, Eugenio Macouzet de León and Manuel Echave are the key real estate partners; founding partner Pablo Mijares is another name to note, as is Francisco Ibañez. Key support comes from senior associate Carlos Jiménez, associates Fernando Molina Ostos and Armando Elsharkawy, the latter a tax specialist. Clients include Fibra Monterrey, Grupo Presidente, Banco Sabadell, Ball Corporation, Acciona - Parque Reforma, Advance Real Estate, and Lasalle Investment Management.

Leading individuals

Lorenza Langarica - Mijares, Angoitia, Cortés y Fuentes S.C.

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TMT
TMT - ranked: tier 4

Mijares, Angoitia, Cortés y Fuentes S.C.

Twelve lawyers at Mijares, Angoitia, Cortés y Fuentes S.C. handle transactional and competition matters for TMT clients and investors in the sector. In a case in point, recent work for the team included assisting Televisa with the execution of its $750m senior notes issue on the Luxembourg Stock Exchange. Ricardo Maldonado, Pilar Mata Fernández, Patricio Trad, Francisco Fuentes Ostos and Eugenio Macouzet are the key partners for TMT work, while senior associate Carlos Orcí also has broad experience in the sector, assisting clients in proceedings before the IFT and the Transport and Communications Ministry.

Rising stars

Carlos Orcí - Mijares, Angoitia, Cortés y Fuentes S.C.

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Further information on Mijares, Angoitia, Cortés y Fuentes S.C.

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Mexico

Offices in Mexico City

Legal Developments in Mexico

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
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