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Mexico
3

Capital markets

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Garrigues

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The practice at Garrigues was substantially bolstered by the office’s merger with local firm Sánchez Devanny, which was announced in July 2024 and was completed in February 2025. The combined group draws on experience advising issuers, broker dealers and investments banks on private and public offerings of debt and equity securities. The key name to note is José Berrueta, who specialises in capital markets, securities matters and banking and finance law. Carlos Matsui left the firm in June 2024.
Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • 'The capital markets team at Sánchez Devanny, now Garrigues, is known for staying current with the latest developments and for its commitment to sharing knowledge with the Mexican market. In addition to their regular advisory services to clients, they actively participate as key partners in programs and events that promote Mexico internationally. For stock exchanges, they are indispensable in the process of democratizing access to the capital markets.'
  • 'José Berrueta, in addition to his expertise, possesses exceptional interpersonal skills. He is approachable and easy to work with, both with clients and with other stakeholders. He always provides timely and appropriate solutions to the issues that arise. José Berrueta has been involved in cutting-edge topics in the financial and capital markets sector in Mexico, helping various market participants gain a better understanding of the processes that facilitate access to financing.'
  • 'The active involvement of the partners in capital markets transactions is of paramount importance, which is why Sánchez Devanny / Garrigues is one of the preferred law firms, thanks to the level of attention to detail they provide.'
  • 'José Berrueta Ochoa's meticulous attention to detail and thorough follow-through on transactions are key reasons why we continue to work with this firm.'

Key clients

  • Toyota
  • Actinver
  • Ford
  • Naturgy
  • BBVA México
  • Pacer Advisors Inc.
  • Scotiabank
  • Ficapex
  • TMF Group
  • Banorte

Work highlights

Acted as transaction counsel on the issuance of MXN$1bn variable rate debt certificates (certificados bursátiles) by Toyota.
Acted as transaction counsel on the issuance of MXN$1.5bn variable rate debt certificates (certificados bursátiles) issued by Ford.
Acted as transaction counsel on the issuance of MXN$2.5bn variable rate debt certificates (certificados bursátiles) by Naturgy.

Practice head

José Berrueta

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