Market: Mexico

Mexican supermarket Chedraui buys US retailer for US$620 million

A subsidiary of Mexican supermarket chain Grupo Comercial Chedraui has hired Bufete Robles Miaja, S.C. in Mexico City to acquire US grocery store Smart & Final for US$620 million.

21 May 2021

Deal of the Year Winner: Private M&A

Featured in 15th Annual Awards

Uber completed its US$459 million acquisition of Chilean grocery delivery start-up Cornershop after more than a year of back and forth with local regulators amid the covid-19 pandemic. The acquisition faced regulatory challenges in Chile and Mexico, while the substantial price tag for a controlling stake in a Latin American start-up also stands out. The deal is our private M&A Deal of the Year.

21 May 2021

Familiar firms return for Mexican sovereign bond issuance

The Republic of Mexico has hired Cleary Gottlieb Steen & Hamilton LLP in New York to raise US$3.25 billion in a sovereign bond issuance.

20 May 2021

Nader Hayaux steers hotel acquisition financing

Mexican financial company SabCapital has hired Nader, Hayaux & Goebel to provide an acquisition financing to local businesses Controladora de Negocios and CHAG Construcciones for the purchase of a hotel on the Yucatán Peninsula.

20 May 2021

Colombia defeats arbitration claim by América Móvil

Colombia has prevailed in a billion-dollar International Centre for Settlement of Investment Disputes (ICSID) claim by Mexico's América Móvil over the alleged expropriation of a telecoms concession.

18 May 2021

Mexico’s Vesta makes US$200 million shares issuance

Davis Polk & Wardwell LLP in New York and Ritch Mueller in Mexico City have helped industrial real estate developer Inmobiliaria Vesta issue shares for 4 billion Mexican pesos (US$200 million).

17 May 2021

Latin Lawyer announces Elite 2021

Featured in Latin Lawyer Elite 2021

Latin Lawyer Elite firms have each carved out their own paths towards excellence and demonstrate unique areas of strength. Here, we reveal this year’s Elite.

12 May 2021

Creel García-Cuéllar and Galicia in US$1.4 billion global plastics deal

US materials company Trinseo has hired several Kirkland & Ellis LLP offices and Creel, García-Cuéllar, Aiza y Enriquez SC in Mexico City to acquire the plexiglass division of French chemicals company Arkema for nearly US$1.4 billion, giving it manufacturing plants in Mexico.

10 May 2021

FEMSA makes Latin America’s largest sustainability-linked debt tap

Cleary Gottlieb Steen & Hamilton LLP in New York has helped Mexican drinks group FEMSA make Latin America’s largest sustainability-linked debt tap, part of a 1.2 billion euro (US$1.4 billion) notes offering.

05 May 2021

Register for Latin Lawyer and GIR Connect: Anti-Corruption & Investigations Mexico

High-profile private practice lawyers, the director of sustainability and responsible investment at Grupo Financiero Banorte and the CEO of Mexico’s BIVA stock exchange will appear at Latin Lawyer and GIR Connect: Anti-Corruption & Investigations Mexico.

04 May 2021

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