Nader, Hayaux y Goebel, SC > Mexico City, Mexico > Firm Profile
Nader, Hayaux y Goebel, SC Offices
TORRE ARCOS, PASSEO DE LOS TAMARINDOS 400 B
7th FLOOR COL. BOSQUES DE LAS LOMAS
MEXICO, D.F. 05120
Nader, Hayaux y Goebel, SC > The Legal 500 Rankings
Mexico > Banking and finance Tier 1A recognised market authority when it comes to banking and finance transactions, the 'extraordinary' Michell Nader steers the large practice at Nader, Hayaux y Goebel, SC, which represents a superb list of global banks, financial institutions and corporate clients including Bank of America, Wells Fargo, HSBC, BNP Paribas, Credit Suisse, Barclays, Banamex, BBVA México, Prudential and Metlife, as well as public bodies such as Banobras and Pemex. Praised for its ‘extreme discipline, seriousness and quality of work’, the group handles the ful range of finance transactions, from structured finance and complex securitizations deals, to leasing, corporate lending, real estate finance -particularly for the hospitality sector- and project financing. In addition, the team has recently seen an increase in fintech-related mandates, be it regulatory work or lending transactions. The practice houses numerous other experienced practitioners, notably: Julián Garza, who has a strong background in banking law and financial regulations; Hans Goebel, whose exepertise takes in banking, banking regulatory, structured finance and capital markets; Javier Arreola (project and asset-backed financing; restructurings) and Yves Hayaux-Du-Tilly (banking, banking regulatory, insurance); Eduardo Villanueva, who has a particular focus on real estate finance; and José Humberto Rocha, who has garnered considerable experience acting on financial transactions for a variety of domestic credit institutions and foreign and international financial organisations. Recent developments saw associate Federico Vergara appointed of counsel in May 2022. Former partner Diego Sanchez Villarreal left in February 2021.
‘Nader has continued to provide the best personalized service during the pandemic. Michell Nader is extraordinary.’
‘Extreme discipline, seriousness and quality of work.’
Bank of America
Bank of Montreal (BMO)
- Advised and represented Banorte, as lender, in the negotiation, structuring and documentation of a secured credit facility granted to Frisa, primarily intended to repay existing debt.
- Acted as external counsel in Mexico to BNP Paribas in the negotiation, execution and delivery of the Third Amended and Restated Credit Agreement regarding the loan granted to Freepoint Comodities and its subsidiaries.
- Advised several Prudential entities on the acquisition of $180m notes issued and guaranteed by Vitro and various of its US and Mexican subsidiaries, in a private placement.
Mexico > Bankruptcy and restructuring Tier 1Nader, Hayaux y Goebel, SC houses a ‘highly competent and committed team’, which is well-regarded among clients for ‘always having everything under control and being one step ahead’. The practice is co-led by Michell Nader, who has longstanding expertise leading restructuring and workouts, having advised in numerous US/Mexico cross-border matters; and Javier Arreola, who brings a further 20 years' experience in restructuring and workouts -mainly representing creditors- to the table. Work highlights include advising the ad hoc group of holders of senior notes (due 2025) issued by Aerovías de México (and guaranteed by Grupo Aeromexico), on the Mexican aspects of the Chapter 11 bankruptcy proceedings filed by Grupo Aeromexico and its subsidiaries in a NY court; namely on all legal aspects related to Aeromexico’ s bankruptcy proceedings. Fellow partner Adrián López, who has a focus on high-end insolvency matters, is another name to note.
Michell Nader; Javier Arreola
‘Something that is essential is that our external advisors have control of the matter, the Nader firm, for what I have been working with them, has always been characterised by always having everything under control and being one step ahead.’
‘Adrián López always has all the documents ahead of time, he works very efficiently and his teams are very good.’
‘It is a highly competent and committed team. They understand the ins and outs of the industries they serve.’
‘Michell Nader, as well as a large group of people at his firm, has a truly stellar reputation throughout the legal community in Mexico.’
Ad hoc Group of Senior Noteholders of Aeromexico (DIP financing lenders)
Ad hoc Group of Senior Noteholders of Aeromexico (cross border bankruptcy)
Banco Nacional de Obras y Servicios Públicos (Banobras)
Argentem Creek Partners (formerly known as Black River Asset Management)
Bank of America
American Tower Corporation
D E Shaw
LandAmerica Financial Group
Sumitomo Mitsui Bank Corporation
- Advising the ad hoc group of holders of senior notes (due 2025) issued by Aerovías de México and guaranteed by Grupo Aeromexico.
- Advising the ad hoc group of holders of senior notes (due 2025) issued by Aerovías de México and guaranteed by Grupo Aeromexico, on the potential exit financing to be granted to Grupo Aeromexico in order to successfully emerge from Chapter 11.
- Assisting American Tower with the review of the commercial agreements, financing alternatives, possible participation as DIP financing party, debt restructuring and general strategy of ATC in the concurso mercantil proceeding of Altán.
Mexico > Capital markets Tier 1Nader, Hayaux y Goebel, SC's highly-reputed practice earns praise for being ‘at the forefront of new ideas/capital structures’, as well as for its ‘high-level of execution when it comes to complex structures, whether public or private, national or transnational’. Market-reference Michell Nader leads the department, which boasts solid knowledge of a broad array of capital markets transactions, from securitisations and structured finance to equity placements, IPOs, tender offers and equity fund leveraged buyouts. Recent work highlights saw Nader lead advice to Total Play Telecomunicaciones on its successful placement of $600m of 6.375% senior notes (due 2028) in the international markets. He works alongside other renowned practitioners in the field, including Hans Goebel, who has a particularly strong expertise in security issuances; Hector Arangua, who focuses on the area of CKDs, private securities placements and cross-border offers; Julian Garza, who specialises in securitisations, equity issuances, CKDs and FIBRAs; Gunter Schwandt, who offers a robust knowledge in CKDs, FIBRAs and securitisations; and Ana Paula Telleria, who handles innovative private placements, CKDs and FIBRAs, and related transactional and regulatory work.
‘The firm has an excellent combination of muscle, expertise and customer service from the partners. They are always at the forefront of new ideas/capital structures and have a high-level of execution when it comes to complex structures, whether public or private, national or transnational.’
‘The partners of the firm, in particular Hector Arangua, are always available to immediately attend to any problem. He is highly creative in structuring and efficient in executing complex financing structures. It is available 24/7. It is an extension of our in-house legal team. He has intimate knowledge of the operation of his clients’ business.’
‘The team shows extensive knowledge and proven experience in the topics consulted. The team is willing to attend, involving partners from the highest level collaborating efficiently.’
‘Willingness, knowledge, experience and willingness to find the best solutions to the issues/problems discussed.’
‘Nader, Hayaux & Goebel, stands out for the capacity of its legal team in matters of Capital Markets, for our company they are not only a legal services advisor but a partner to meet our business objectives as a company issued on the Stock Exchange, they also have a level of communication, understanding and solution to our needs, diversifying its solution proposals through its legal team in Capital Markets, tax and corporate.’
‘Without a doubt, their main quality is understanding the operation and objectives of our company, for which we have the advice and support of Gunter Schwandt in legal matters / Capital Markets, who professionally, clearly and efficiently supports us in complying with regulatory matters of the Capital Market and adapt our business strategies to our objectives.’
Bank of America
CKD Infraestructura Mexico
- Advised real estate company Murano on the proposed establishment of the first multi-CERPI registration in Mexico.
- Advised BBVA, as underwriter, on the launch of a real estate investment-focused CERPI programme, issued by StepStone in March 2022.
- Advised Total Play Telecomunicaciones on the placing of $600m in 6.375% senior notes (due 2028) on the international markets.
Mexico > Corporate and M&A Tier 1Nader, Hayaux y Goebel, SC's corporate practice is recommended for its ‘ability to truly understand what the company wants and provide the specific options to achieve it’. Fronted by market-stalwart Nader Michell, the department assists renowned international and local clients -particularly from the insurance, finance and telecoms sectors- with a broad range of transactionl matters, including M&A, joint ventures, spin-offs and private equity buyouts. The team, which garners additional praise for its ‘great availability and legal knowledge’, houses an enviable roster of talent, including Hans Goebel, who has a focus on M&A and private equity transactions; real estate and finance expert Julián Garza; Yves Hayaux-Du-Tilly, who heads the London office and has a strong specialism in the insurance sector; and Luciano Pérez, who is particularly adept at handling private equity-driven M&A. Associate Miguel Ángel González is another name to note. Recent work highlights include steering the Mexican portion of the acquisition of Sirius Computers Solutions for $2.5bn. Former partner Diego Sanchez Villarreal left in February 2021, while former senior associate José Manuel Zavala was promoted to of counsel in March 2022.
‘The speed and creativity with which they deal with different situations is outstanding. For me, it is the firm that has best known how to interpret the needs of my company. They make appropriate use of technology.’
‘What really sets them apart is their ability to truly understand what the company wants and provide the specific options to achieve it.’
‘Experience, knowledge and analysis with judgement and certainty.’
‘Yves Hayaux is an expert in the area of health and climate governance. The macro and micro vision he has makes him unique in the field.’
‘The team has all the experience and constant training.’
‘Excellent customer service, great availability and legal knowledge.’
‘I have worked mostly with Hans Goebel and Miguel Angel Gonzalez. At other times with Hector Arangua. The team is very client service oriented, very proactive and always has an eye for business sense, protecting the client’s interests.’
Grupo Salinas / Elektra
Index Ventures and Sofía Holdings Limited
Principal Financial Group
Grupo Acosta Verde
- Advised CDW Corporation on the Mexican aspects of its $2.5bn cash acquisition of Sirius Computers Solutions.
- Avised Sofia Salud on the investment it received from private equity fund Index Ventures IX (Jersey) through the acquisition of shares representing 16.78% of the capital stock of Sofia Holdings Limited, the holding company controlling Sofia Salud.
- Advising Grupo Murano on a proposed joint ventures with commercial partners and real estate managers and developers with respect to the financing, development and management of real estate properties located in Mexico City and Cancun worth over $1bn, and which will function as hotels operated by Wyndham and AMR Resorts.
Mexico > Insurance Tier 1Earning plaudits for its ‘extraordinary understanding of the insurance and reinsurance sector’, Nader, Hayaux y Goebel, SC's veteran practice group brings over three decades' experiences advising in the Mexican insurance field. At the helm of the team is Yves Hayaux-Du-Tilly, ‘one of the most important insurance experts in Latin America’, who has profound experience in a broad range of matters, including dispute resolution, product development, regulatory and corporate matters, corporate governance and compliance, as well as transactional work. Recent highlights include representing Principal Financial Group in the MX$280m transfer of the insurance portfolio from Principal Seguros to Seguros Banorte. Fellow partner Luciano Pérez, regarded by clients among the ‘best insurance attorneys in Mexico’, handles both contentious and non-contentious insurance matters, including the management of claims, the negotiations of settlements and the analysis of policies and coverage opinions. The practice is further strengthened by a local presence in London. Former senior associate Juan Pablo Sainz moved in-house as deputy general counsel at Global Prametrics in April 2022. Associate Enrique Salcedo is also noted.
‘The main differentiator is the extraordinary understanding of the insurance and reinsurance sector, not only in Mexico but from a global perspective. Having a presence in London greatly strengthens the legal perspective they bring to the table.’
‘In particular, Yves Hayaux is one of the most important insurance experts in Latin America. His business sense is very strong: informed of the most relevant trends, technically sound, and his network is a great asset.’
‘A solid team of lawyers with great customer service, experience and quality of service.’
‘Luciano Pérez is without a doubt our main contact. Luciano is one of the best insurance attorneys in Mexico, with a great ability to understand client problems and offer viable solutions.’
‘I believe that Yves makes a big difference with his knowledge of the subject and his involvement.’
‘The level of knowledge of local regulation as it applies to the specific sector of interest is excellent. In particular, when it comes to parametric products’
‘All members of the team are extremely knowledgeable and their levels of engagement are fantastic. Very articulate and helpful.’
‘Yves Hayaux knows everything about the insurance market in Mexico and has an excellent perspective on the law and regulation of other countries and the international environment.’
Grupo Nacional Provincial
HSBC Seguros México
BNP Paribas Cardif
AON Risk Solution
Reinsurance Group of America
The Travelers Companies
United Health Group
Principal Financial Group
- Represented Principal Financial Group on the transferral of Principal Seguros’ insurance portfolio to Seguros Banorte.
- Represented the (re)insurance broker BMS Group on the purchase of 100% of the Mexican reinsurance broker PWS Mexico.
- Advising Mercado Pago on the incorporation and operation of its insurance broker in Mexico, and on securing authorisation from the CNSF to incorporate said entity.
Mexico > Projects and infrastructure Tier 1Undisputed heavyweight Nader, Hayaux y Goebel, SC garners praise from clients for its ‘deep, 360-degree knowledge of public-private partnerships, with a strong focus on Mexican law, and understanding of the technical and market factors that make a project viable’. As this suggests, the ‘very professional‘ 12-strong practice has inordinate expertise in public-private partnerships, representing lenders, strategic and financial investors, sponsors, sellers and buyers, and numerous Mexican and non-Mexican government entities, including the Mexican Federal Government and several state governments and municipalities. A trio of experienced partners head the team: Javier Arreola Espinosa, who has extensive experience advising lenders on project financing, and sponsors on the structuring of and bidding for projects; Vanessa Franyutti specialises in project finance and public-private partnerships, concessions and other such legal structures, as well as joint venture arrangements, engineering, construction, and operating and management agreements; and Alejandro Rojas, who also has extensive PPP expertise, and has developed a particular niche advising on municipal and state water and lighting projects; he is also knowledgeable about the public health sector, energy, railroad projects, toll roads and port concessions. Additional high-level input and expertise is provided by senior partner Michell Nader and Santiago Medina; while at associate level, José Manuel López Castro is active on the financing aspect of infrastructure projects, including through service contracts, PPPs, project finance, and/or the refinancing and restructuring of public debt of states and municipalities.
Javier Arreola; Vanessa Franyutti; Alejandro Rojas
‘Deep, 360-degree knowledge of public-private partnerships, with a strong focus on Mexican law, and understanding of the technical and market factors that make a project viable. Knowledge of the market, multidisciplinary approach and ability to understand the conditions of each project and from their design the legal strategy. Focuses on solving the client’s problems and innovative approach to have the necessary resources when the project requires it.’
‘Alejandro Rojas: multidisciplinary approach, project-by-project analysis (tailored-made), multidisciplinary communication skills, and in-depth knowledge of Mexican law.’
‘What makes this firm unique is the depth of analysis and attention to detail of the operations that we serve. There is a deep knowledge of all the matters in which they advise us and they have always distinguished themselves by delivering concepts on time and in an excellent manner.’
‘What distinguishes them from other firms is the depth of analysis, attention to detail, seriousness and responsiveness even in emergency situations. I emphasize the support of Alejandro Rojas and Vanessa Franyutti.’
‘The team that has attended us has been very professional. There is great experience and knowledge in infrastructure projects. Excellent methodology.’
‘Excellent service and communication with client. Great experience and knowledge. Alejandro Rojas, in his position as partner, is always available. José Manuel López Castro, has shown great capacity and enthusiasm to support our advisory needs.’
‘Nader’s team provided valuable support and information on the legal framework, for the constitution of a new consortium, with local and foreign members, and multinationals, for the participation in the tender for the technological equipment of the terminal building of the Felipe Angeles International Airport of Santa Lucia, led by SEDENA. They were key players in the execution of the consortium agreement and the contract with the final client.’
‘Nader’s team showed great knowledge of the public bidding process in Mexico. Available at all times. Willing to participate in the internal sessions of the consortium, as well as with the final client. What allowed the quick and clear understanding of the context of the program.’
Water Operator of Los Cabos
CEA Guaymas-Empalme, Sonora
Banco Nacional de Obras Públicas (BANOBRAS)
Sistema Integral para el Manejo Ecológico y Procesamiento de Desechos (SIMEPRODE)
Government of the State of Nuevo Leon
Sumitomo Mitsui Banking Corporation (SMBC)
Constructora y Edificadora GIA+A
Fondo Nacional de Infraestrcutura (FONADIN)
UK Partnering for Accelerated Climate Transitions (UK PACT)
- Advised Desarolladora y Operadora de Infraestructura de Oaxaca (DOIX) on its negotiations with the federal government and bondholders regarding a PPP contract entered into for the construction and operation of a federal prison located in Oaxaca.
- Advised OOMSAPASLC -the Water Operator Agency for Los Cabos (Baja California Sur) on the legal structuring of a PPP international bidding process and on the running said process.
- Advised a consortium comprising Apollo Communications, Química Apollo, Vision-Box Soluções de Visão Por Computador and Amadeus IT Group on a public tender launched by the Mexican Federal Government, for the acquisition, supply, installation, commissioning and operational start-up of aviation security systems, airport management, passenger processing, telecommunications infrastructures, cybersecurity, and passenger support for Mexico City’s “International Airport Felipe Ángeles”.
Mexico > Real estate Tier 1Demonstrating 'extensive knowledge of civil law, economic competition and the regulatory issues applicable to industrial real estate projects', Nader, Hayaux y Goebel, SC fields a 23-strong practice group that is acclaimed for ‘always being one step ahead in a negotiation - it prepares its strategies very precisely’. The full-service practice is deeply experienced in financings as regards real estate projects, along with acquisitions and sales, the creation of foreign investment trusts, infrastructure project development, and the structuring and implementation of time-share and fractional ownership systems, among other matters. Leading the practice, senior partner Michell Nader has a diverse client base in respect to financings, acquisitions and capital markets transactions in the real estate sector. Additional partner level expertise is provided by the 'very practical' Eduardo Villanueva Ortiz who garners praise since ‘his level of customer service, together with that of his team, is of the highest quality’; he specializes in real estate finance, acquisitions and fund formation, covering the retail, residential, industrial and hospitality sectors. The senior team is completed by VanessaFranyutti, who stands out for her market-leading expertise in the hospitality segment, as well as her focus on the financial aspects of the retail, residential and industrial real estate markets; Alejandro Rojas, who has a broad corporate and finance practice and a particular focus on the hospitality sector; and Javier Arreola and Julián Garza, who provides key support, particularly as regards fund formation. Federico Vergara M (real estate, infrastructure, project finance and banking law) provides key associate support, but former associate Benjamin Torrero left in April 2022 to focus on the development of investment fund Blackburn Capital.
‘All professionals from this team, from partner and their team of lawyers, junior associates and interns, all maintain a level of excellence in customer service. Their promptness to answer any request, and level of experience, make us certain that matters are being resolved.’
‘In our day to day and with the transactions we have, Eduardo Villanueva, a partner at the Nader, Hayaux and Goebel firm, stands out for the following: his level of experience and knowledge of the market make him our first choice to consult about a new structure or an atypical situation or different from what we normally do; his level of customer service, together with that of his team, is of the highest quality, because we obtain the answers and results that are required in each case; the administration of his team makes us see that, even if he delegates to his more junior lawyers, he always knows what is happening and his lawyers know when it is important to involve him so that his experience always helps to resolve any situation or doubt; finally, his focus on the details and his care, make a structure, suggestion or a solution proposal, understand the situation at a general level, but also the fine details are considered at all times.’
‘Extensive knowledge of civil law, economic competition and the regulatory issues applicable to industrial real estate projects. NHG is characterised by always being one step ahead in a negotiation – it prepares its strategies very precisely.’
‘Transparent, knowledge, strategists, negotiation, availability. Eduardo Villanueva – Partner. Alejandro Rojas – Partner. Benjamin Torrero – Associate.’
‘Eduardo Villanueva is a very practical lawyer who always looks for market commercial agreements in which the interests of his client and those of the counterpart are balanced to ensure that transactions are carried out with speed but deep integrity.’
Prudential Real Estate Investors / Prudential Mortgage
Grupo GDI / FibraHotel
Deutsche Post DHL Group
PGIM Real Estate
- Advised Banco Mercantil del Norte, as lender, in the negotiations, structuring and documentation of a secured credit facility granted to comercial, industrial, retail, and office real estate investors, LMF Frisa.
- Advised BBVA México and Banco Nacional de Comercio Exterior, as joint lenders, together with BBVA México as book runner and administrative and collateral agent, on a $200m secured financing to Desarrolladora Hotelera de la Riviera, for the refinancing of debt and corporate purposes in connection with the Hotel Royalton – located in Cancún, Quintana Roo.
- Advised Grupo Murano on a proposed joint ventures with commercial partners and real estate managers and developers, with respect to the financing, development and management of real estate properties located in Mexico City and Cancun worth over US $1bn, that will operate as hotels operated by Wyndham and AMR Resorts.
Mexico > Compliance Tier 3Nader, Hayaux y Goebel, SC‘s corporate compliance practice group comprises renowned experts from other departments of the firm, including antitrust, corporate M&A, insurance, and tax so as to offer a solid cross-practice service in the matter. Practice co-heads Alejandro Mendiola and Luciano Pérez are highly specialised in antitrust compliance programs and anticorruption matters; and financial regulatory, anti-money laundering, data protection and consumer protection regulation, respectively. Seasoned partners Michell Nader and Yves Hayaux-Du-Tilly bring additional key expertise to the group. Associate Enrique Salcedo is also noted; former fellow associate Juan Pablo Sainz left the firm in April 2022.
Alejandro Mendiola Díaz; Luciano Pérez Gómez
Capítulo Cero Mexico
- Assisting Capítulo Cero México with the development of the structure and the content of training programs for directors regarding climate governance and ESG.
Mexico > Energy and natural resources Tier 3Nader, Hayaux y Goebel, SC's energy practice is best known for its capabilities in major energy and natural resource investments (including complex financings for renewable energy projects), financings and transactions, spanning the electricity, water, waste-to-energy, and oil and gas segments, and to a lesser extent mining. The 'excellent team', which 'knows the market very well' and 'balances seniority levels appropriately', comprises: Javier Arreola, who specialises in public-private partnerships, and he up-to-the-minute experience of bidding processes and the acquisition, structuring, restructuring and financing of energy projects; and Vanessa Franyutti, also a PPP expert, who focuses primarily on project finance; the pair co-head the practice. Praised for his 'extensive knowledge of the Mexican market and the challenges involved in carrying out an infrastructure project in Mexico', Alejandro Rojas has strong international experience and regularly advises multinational clients on infrastructure and energy projects in Mexico. Completing the senior energy and natural recourses bench, the very active Santiago Medina Z undertakes the structuring and financing of energy and water projects (including through equity or debt), and also has strong expertise in energy regulatory matters and the negotiation of PPA, EPC, and O&M contracts.
Javier Arreola; Vanessa Frayutti
‘Excellent team, balances seniority levels appropriately. They know the Mexican market very well.‘
‘The lawyers with whom I had the pleasure of working are Alejandro Rojas and Benjamin Torrero, both of whom have extensive knowledge of the Mexican market and the challenges involved in carrying out an infrastructure project in Mexico. They both supported us effectively in the project, always attentive and timely.‘
Michoacan State Government
CEA Guaymas-Empalme, Sonora
Sumitomo Mitsui Banking Corporation
National Infrastructure Fund
Power China (Sinohydro)
- Advised Frontera Generation’s first lien lenders on all Mexican aspects throughout the Company’s restructuring process; Frontera owns a 526MW gas-fired combined cycle power generation plant in Mission, Texas, that imports and sells electricity and capacity into Mexico.
- Advised Macquarie on the acquisition by a Macquarie-led group of Reden Solar from InfraVia Capital Partners and Eurazeo.
- Advised Cobre del Mayo on its offer to exchange Senior Secured PIK Toggle Notes due 2021 for: i. senior secured notes (due 2026), and ii. senior secured PIK Toggle notes (due 2030).
Mexico > Tax Tier 3The tax practice at Nader, Hayaux y Goebel, SC garners praise form clients for the ‘simplicity and clarity of the team’s proposals to address complex problems’. The practice group is particularly well known for its skills handling tax advisory mandates related to transactions and projects, including capital markets and M&A transactions. ‘Genius’ Adalberto Valadez steers the practice, and brings to bear his experience advising public entities and private companies on federal tax implications relating to their operations in Mexico, focusing primarily on federal income tax and international tax, particularly in connection with cross-border M&A, joint ventures and in-bound investments. Ana Paula Pardo joined the team in July 2021; her expertise includes transactions, tax audits, tax and estate planning, and transfer pricing consulting, while her arrival will notably boost the practice’s capacity. Associate Iliana García handles both transactional matters and representation before relevant authorities.
‘Adalberto Valadez’s leadership stands out among the other practices of the firm.’
‘Adalberto Valadez is a genius.’
‘The design of our fund is unique and innovative and Adalberto has been a key player in the design and attention to tax issues. We continually look at different options to suit the needs of our clients and consultations with Adalberto on these innovations are prompt and with ingenious responses.’
‘I would highlight the simplicity and clarity of the team’s proposals to address complex problems.’
CKD Infraestructura México
Caisse de dépôt et placement du Québec
- Advised Grupo Murano on proposed joint ventures with commercial partners and real estate managers and developers, with respect to the financing, development and management of real estate properties located in Mexico City and Cancun worth over $1bn, that will operate as hotels operated by Wyndham and AMR Resorts.
- Advised MercadoLibre on Mexican legal matters in connection with its inaugural debt offering in the US of $400m 2.375% notes (due 2026) and $700m 3.125% notes (due 2031).
- Assisted Total Play Telecomunicaciones in a placement of $600m in the principal amount of 6.375% senior notes due 2028 in the international markets.
Mexico > TMT Tier 3The ‘very responsive and knowledgeable’ TMT practice at Nader, Hayaux y Goebel, SC is known for handling corporate and finance transactions in the telecoms and broadcasting sectors, as well as in the satellite industry, with ongoing clients such as Eutelsat (Satélites Mexicanos), who instructs the group regarding corporate, regulatory and transactional matters. Regulatory mandates such as securing authorisations from the Instituto Federal de Telecomunicaciones (Ifetel), are also part of the practice group’s offering. Julián Garza, who enjoys a solid reputation for his work in variety of corporate, financial and regulatory matters in the sector, and senior partner Michel Nader, co-lead the practice. Fellow partner Gunter Schwandt is also active in the sector, primarily as regards corporate and finance matters, but also on the regulatory front, such as his recent advice to Grupo Werthein on its acquisition of digital entertainment services company Vrio Operations from AT&T.
Michell Nader; Julián Garza
‘They are very responsive and knowledgeable and able to jump into a foreign transaction.’
‘I have worked with Michell Nader on several matters. Michell is very knowledgeable and knows how to find the right answer. Also very responsive on short notice.’
Telefónica Movistar México
Inter-American Investment Corporation
- Advised Eutelsat on corporate reorganisation affairs and capitalisation issues, as well as licensing matters associated therewith.
- Advised Total Play regarding its successful placement of $600m in the senior notes (due 2028) on the international markets.
- Advised Grupo Werthein in connection with Mexican legal and regulatory matters regarding the acquisition of Vrio Operations from AT&T.
Mexico > Competition and antitrust Tier 4Well into the fourth year since its launch, Nader, Hayaux y Goebel, SC‘s practice continues to strengthen its presence in the competition and antitrust sphere, building on a good track record of work in both investigations and merger control. Recent work highlights include representing Bank of America in a cartel investigation, both in terms of the investigation by the antitrust commission and in subsequent litigation to challenge the fine imposed. Alejandro Mendiola, who focuses on merger-control clearances and investigations into abuse of dominance and cartels, as well as developing antitrust compliance programs, is head of the practice; he is closely supported by senior associate Daniella Ramírez, a former director at the FTI. The team was further reinforced with the May 2022 arrival of Gabriel González Aragón –formerly at Gonzalez Calvillo– as of counsel, but also endured the loss of senior associate Cecilia Serrano Hernández the same month. Since research concluded, Ramírez has also left the firm – effective as of September 2022.
Alejandro Mendiola Díaz
‘The practice’s offering is personalised, no client is ever considered too small, and the attention is always the same by partner Alejandro Mendiola and his team. His experience and personality make one feel in a safe environment and in good hands.’
‘That is precisely what makes the office different, the personality and treatment of the partners, their technical explanatory capacity but very grounded to those who do not speak legal issues.’
Bank of America
- Representing Bank of America in a cartel investigation, both in terms of the investigation by the Antitrust Commission and the litigation to challenge the fine imposed.
- Represented Chrysaor in relation to a potential reverse takeover of Premier Oil; the deal involved the indirect acquisition of an equity interest in a Mexican company with a very significant turnover.
Nader, Hayaux y Goebel, SC > Firm Profile
Nader, Hayaux & Goebel (NHG) is a market leader in mergers and acquisitions, banking and finance, securities and capital markets, structured finance, telecom, tax, insurance and reinsurance, project finance, real estate, ESG, energy and infrastructure, restructurings and workouts, real estate, government procurement and antitrust. NHG is formed by eighteen partners and more than thirty five associates, and constitutes one of the largest groups of corporate finance experts in the Mexican market.
The firm has participated in many of the largest and most challenging M&A and finance transactions in Mexico, including capital markets and private equity transactions, leveraged buyouts, syndicated loans, PPPs, project financings, leasings and transactions in the insurance sector. The firm advises clients on regulatory and government procurement matters. The firm represents leading local and international corporations and financial institutions, as well as Mexican and foreign governments and their agencies. The firm is also the only Mexican law firm with an office in London — enjoying excellent working relationships with law firms in all major cities around the world.
Banking and finance: The banking and finance practice is one of the largest groups of attorneys in Mexico dedicated to banking and finance matters. Throughout over 30 years of existence, the practice has earned recognition for its depth, creativity and handling of financial structures. The banking and finance practice provides a full range of services, covering commercial lending, syndicated lending, project finance, ESG financing, structured finance, debt restructuring, asset-backed credit facilities, acquisition facilities, export finance and others. The practice has played a prominent role in all sectors of the banking and finance industry. Sectors include capital markets, securitisation, structured finance, equity offerings, equity funds, leveraged buyouts, insurance, leasing, corporate lending, real estate finance, workouts, insolvencies and restructurings, regulatory and transactional matters, among others.
M&A: The firm’s mergers and acquisitions practice represents Mexican and foreign clients in all aspects of M&A transactions, including, joint ventures, strategic alliances, spin-offs, stock and asset purchases, takeovers, shareholders’ disputes, reorganisations and restructurings, regulatory matters, antitrust and foreign investment regulations. The practice has taken private a number of public companies, having unique expertise in mergers and spin-offs of financial institutions. The firm has a special focus on corporate and M&A advice for publicly traded companies and regulated entities, including financial, infrastructure, telecoms and real estate companies.
Real estate: The firm’s real estate practice is highly diverse. Work includes advice to parties in all types of transactions including: (i) financings, (ii) development, construction and marketing of office buildings, shopping centers, hotels and other commercial, tourism, industrial and residential projects, (iii) structuring and creation of domestic and international funds both private and publicly traded, including real estate CKDs and Fibras, (iv) issuance of debentures and securitisation of mortgage backed securities and rental payments, (v) structuring and implementation of time-share and fractional ownership systems, (vi) acquisitions, sales and sale-lease backs, (vii) joint ventures and, (viii) private and public offerings of securities representing a real estate interest.
Insurance and reinsurance: The firm’s insurance and reinsurance practice advises and represents the leading global insurance and reinsurance companies on Mexican and Latin American related matters. The firm is a leader in advising clients on the functional aspects of insurance operations, as well as on regulatory and transactional matters, and is experienced in dealing with administrative authorities.
Structured finance: The firm’s structured finance practice has broad experience in securitisations of both existing assets and future flows with respect to a diversified base of underlying assets. This includes credit card receivables, toll roads, governmental fees, mortgage loans, car loans, retail, consumer, export, maritime freight and airfare receivables, mortgage and construction loans, PPP payments and equipment and real estate rental streams.
Capital markets: NHG’s capital markets practice comprises specialists who regularly participate in a wide variety of international and domestic public and private offerings of debt and equity securities and in tender offers, advising issuers, investors, broker dealers, credit enhancers and underwriters. NHG has participated in every legal aspect of the issuance of securities and debt instruments, including Fibras, CKDs and other structured instruments. It also provides advice to clients on the periodic reporting requirements of the Mexican securities market law and on disclosure matters, insider trading issues and enforcement matters.
Restructuring and insolvency: NHG’s workouts and insolvency practice has advised secured and unsecured lenders in over US$20bn of restructurings and workouts. The firm is involved in every aspect of restructurings and workouts including strategic positioning and strategic alliances, structuring, coordination and litigation, asset divestitures, leveraged buyouts, debt repurchases, debt swaps, debt-to-equity swaps and refinancing through means ranging from take-out lenders, private equity and public offerings. The practice has represented banks including bank syndicates, investment funds, hedge funds and other financial institutions, bondholders and creditors’ committees, and has seldom represented debtors.
Energy and infrastructure: The infrastructure and energy practice has worked on a large variety of transactions in the energy and infrastructure sectors, including in the development and implementation of public private partnerships, Pemex & CFE related transactions, project finance, toll road financings and constructions, airports transactions, energy related funds and financings and in other infrastructure industries.
Telecom: NHG has an impressive track record handling sophisticated and complex transactions in the telecom sector, including in regulatory and compliance matters, as well as in corporate, mergers, acquisitions, divestitures and financing in the broadcasting, satellite and mobile carrier industries, among others.
Tax: The firm’s tax practice has solid experience in providing advice to public and private companies in connection with federal taxation matters in Mexico, and in respect of a wide array of international taxation issues. NHG regularly advises clients in connection with tax implications arising in Mexico in regard to their day-to-day operations, mergers and acquisitions, in capital markets transactions, equity funds, and cross-border transactions.
Antitrust: The firm’s antitrust practice consists of a highly experienced team offering a wide range of services, from general antitrust consulting to merger control proceedings, investigations into monopolistic practices and proceedings, antitrust compliance consulting, advice on bidding and market conditions.
Other offices: London
|Partner||Julián J. Garza C.||firstname.lastname@example.org||+52 55 4170 3060|
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Staff FiguresPartners : 18 Lawyers : 35
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