Areas of practice
Banking and Finance
The Banking and Finance Group is one of the largest of the firm, with more than 40 members.
Our team provides comprehensive legal and regulatory advice to domestic and foreign clients in relation to all aspects of the banking and financial sector, across regulated and unregulated industries.
We represent lenders and borrowers in domestic and cross-border transactions, including several major national and foreign banking and finance institutions, Mexican and foreign development banks, investment banks, underwriters, private investment funds, foreign asset management companies, agencies, and representation offices of foreign banks to comply with all Mexican regulatory aspects.
Corporate Finance
The practice has developed expertise in:
- Commercial lending, securitization, secured financing, syndicated loans, restructuring, asset financing, sales and purchase transactions and trusts.
- Structuring and expansion of banking and financial institutions, branches, and subsidiaries.
- Financing and refinancing, including cross-border financing involving project funding and infrastructure, in diverse sectors and complex transactions, which require the design of financial strategies.
- Issuance of debentures, commercial paper, promissory notes, and other debt instruments, in both the domestic and international markets.
- Structuring, negotiation and implementation of capital markets and securities transactions, including equity deals such as initial public offerings and transactions with depositary receipts.
- Creation of investment funds, mortgage-backed securities and other similar securities.
Our lawyers are experts on:
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- Acquisition Finance
- Banking & Finance Litigation
- Fintech
- Financial Services & Regulation
- Insurance
- Loans & Credit Facilities
- Leveraged Acquisitions and Financing
- Mandatory and Voluntary Tender Offers
- Private Equity
- Privatizations (Take-Private Offers)
- Real Estate Finance
- Restructuring & Insolvency
- Securitization & Structured Finance
- Trade & Export Finance
- Trusts and Estates
Banking and Finance Regulation
Mexico has a complex banking regulatory architecture, comprising several federal agencies and diverse legislative and executive regulations. Mexican regulators have different functions and attributions when it comes to regulating the financial sector and the banking industry. Among others, they serve as the primary supervisory authorities over banking activities and regulate the organization and operation.
Our Banking & Finance Regulation team has experience advising domestic and foreign clients in relation to all the regulatory aspects of the banking and financial sector, as well as all proceedings regarding Mexican regulators.
- Citigroup, Sumitomo Mitsui Banking Corporation, BNP Paribas, JPMorgan Chase, and The Bank of Nova Scotia, acting as Joint Lead Arrangers and Joint Bookrunners, in a simultaneous syndicated credit facility and a Rule 144A / Reg. S bond offering to allow private equity fund Actis to successfully complete its acquisition of global power-generation company InterGen’s business interests in Mexico, including the purchase of 2,200 MWs in operation with six combined-cycle power generation projects, a 155 MW wind project with partner IEnova, a 65-kilometer natural-gas pipeline, and 3 natural gas-compression stations, for an enterprise value of USD $1.256 billion.
- JA Mitsui Leasing – a member of the Japanese conglomerate “Mitsui Group” and a leading financial and leasing firm both in Japan and globally – in the USD $98 million financing for the construction, operation, and lease of a manufacturing plant in Guanajuato, Mexico, to be operated by Metalsa – a leader in the market of structural components for the light and commercial vehicle industry in North and South America – for the manufacturing of automobile components for Toyota.
- Fasanara Capital -an independent, owner-managed alternative management company based in the United Kingdom– in the USD $10 million financing to Arrenda México – an innovative financial company in Mexico in the lease advance financing sector – as borrower, to fund its loans origination.
- HIR Casa in a structured loan for MXP$1 billion entered with International Finance Corporation (IFC).
- Grupo Crédito Maestro –one of the largest companies in the payroll deduction financing industry in Mexico- and its controlling shareholders, in the MXN $1,300 million large-scale financing granted by Banorte, as lender, to fund the acquisition and/or origination of loans and related collection rights by Grupo Crédito Maestro.
- Rappi Mexico – a leading global technology company with presence in over 100 cities in Latin America – and Tarjetas del Futuro – a company resulting from Rappi Mexico’s joint venture with Grupo Banorte on the analysis of applicable regulations to financial groups, banking institutions and to financing technology institutions (Fintech), as well as to proposing feasible solutions to the services and corporate structures required by the parties involved.
- Bradesco, as buyer, in the preparation, negotiation and execution, of the stock purchase agreement, in order to acquire all of the shares issued by Ictineo Plataforma, S.A. de C.V., S.F.P., a popular financing entity (sociedad financiera popular), by means of which Bradesco intends to increase the financial services that it offers in Mexico, including digital financial services.
- Mastercard in the purchase of Arcus FI. We provided regulatory advice regarding the regulation of the Interbank Electronic Payment System (SPEI) and money transmitters, as well as various applicable regulatory restrictions, to propose viable solutions to the financial services to be provided and corporate structures needed by the client.
- CellPay, S.A.P.I. de C.V., in the defense of an administrative sanctioning procedure initiated by the National Banking and Securities Commission for alleged infractions to the Financing Technology Institutions Law, achieving a favorable outcome for the client.
Lawyers in this area
