Market: Mexico

Mexican firms steer St. Regis Punta Mita purchase

Galicia Abogados and Trujillo Abogados have helped a consortium of local real estate companies acquire a luxury hotel resort in Mexico’s Punta Mita peninsula on the west coast.

23 June 2021

Nader Hayaux helps Fibra Storage set up bond programme

Mexican real estate investment trust Fibra Storage has relied on local law firm Nader, Hayaux & Goebel to establish its first bond programme – worth 3 billion Mexican pesos (US$152 million) – and make two green bond issuances.

23 June 2021

US$4.1 billion waste management buy calls on Cuatrecasas

US investment group Platinum Equity has called on Cuatrecasas in Madrid, Lisbon, Bogotá, Mexico City and Santiago to acquire Spain’s Urbaser – one of the world’s largest environmental services companies – for 3.5 billion euros (US$4.1 billion).

21 June 2021

Galicia and Ritch Mueller in Mexico’s largest-ever private loan

Mexican department store chain Coppel has relied on Galicia Abogados to obtain a loan worth 40 billion Mexican pesos (US$2 billion), the largest-ever private financing for a Mexican company.

17 June 2021

Mexico fines Praxair for breaching competition commitments

Mexico’s antitrust authority has fined a subsidiary of local industrial gas provider Praxair US$12 million for repeatedly failing to comply with commitments to restore competition in the markets for the bulk distribution of oxygen, nitrogen and liquid argon.

15 June 2021

Ex-Grupo Modelo counsel joins Von Wobeser as partner

Mexican law firm Von Wobeser y Sierra SC has hired the former vice president of legal and corporate affairs at brewing company Grupo Modelo as partner and co-head of the M&A practice – marking the firm’s first-ever lateral partner hire.

14 June 2021

Don’t overlook the G in ESG, warn panellists

In light of the widescale social impact of the pandemic, Latin American companies are increasingly looking at how to incorporate environment, social and governance (ESG) goals in their organisations, but businesses must ensure not to ignore the governance aspect of their ESG targets, or they may face additional compliance and corruption risks, say panellists at Latin Lawyer and GIR Connect: Anti-Corruption & Investigations Mexico.

14 June 2021

Mexico’s Orbia issues sustainability-linked bonds

Mexican conglomerate Orbia has hired Cleary Gottlieb Steen & Hamilton LLP in New York and Ritch Mueller in Mexico City to raise US$1.1 billion in two sustainability-linked bond issuances, as well as launching a tender offer to repurchase debt.

11 June 2021

SoftBank uses LatAm fund for WeWork JV and Mexican investment

Morrison & Foerster LLP in Miami and Los Angeles has helped SoftBank use its Latin American investment fund to inject US$150 million in investment platform Grupo Bursátil Mexicano (GBM) and, through a separate transaction, enter into a joint venture with US flexible office space provider WeWork.

09 June 2021

Chávez Vargas steers Mexico’s third gender bond issuance

Mexican state-owned financial credit institution Fonacot has hired local law firm Chávez Vargas Minutti SC to raise 1.5 billion Mexican pesos (US$75 million) in a gender bond issuance.

09 June 2021

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