Market: Mexico

Mexican hotel group restructures debt in US pre-pack process

Mexican hotel operator Grupo Posadas has entered an agreement with creditors to restructure US$393 million worth of notes through a pre-packaged process in the US.

25 August 2021

E-commerce platform Nuvemshop becomes Brazil’s latest unicorn

US venture capital fund Insight Partners has enlisted Willkie Farr & Gallagher LLP in New York and Brazilian firm Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados, Marval O'Farrell Mairal in Buenos Aires and Mexico’s González Calvillo, SC to inject US$500 million into Brazilian e-commerce platform Nuvemshop.

24 August 2021

Holland & Knight promotes four to partner in Colombia and Mexico

US law firm Holland & Knight LLP has added two new partners in each of its Colombia and Mexico offices, promoting four senior counsel across its corporate, labour and tax practices.

20 August 2021

Several firms in first Mexican Fibra E offering in over a year

Simpson Thacher & Bartlett LLP in New York and Mexican law firms Ritch Mueller, Greenberg Traurig SC and Creel, García-Cuéllar, Aiza y Enriquez SC have helped Mexico Infrastructure Partners (MIP) structure the country’s first Fibra E fund in more than a year and raise over 22 billion pesos (US$1.1 billion) in an equity offering.

20 August 2021

General Atlantic invests in Latin American education platform

US investor General Atlantic has turned to Mexican firm Creel, García-Cuéllar, Aiza & Enríquez, SC and Philippi Prietocarrizosa Ferrero DU & Uría in Bogotá and Lima to inject US$70 million into regional education technology platform Crehana.

19 August 2021

Mexico’s Grupo Gigante gets refinancing

Mexican law firm Ritch Mueller has helped a group of lenders provide refinancings to local conglomerate Grupo Gigante and its subsidiary Restaurantes Toks in two separate transactions worth 5.8 billion pesos (US$290 million) in total.

13 August 2021

Demarest in cross-border tile manufacturer acquisition

Brazilian firm Demarest Advogados has helped Spain's Roca sell its ceramic tile business to Mexico's Grupo Lamosa for US$260 million.

11 August 2021

Latin American lender seeks Chapter 11 asset sales

A Latin American finance group is looking to sell off its Colombian business through Chapter 11 proceedings in Delaware, blaming debt defaults on accounting errors at its Mexican arm.

09 August 2021

Multiple firms steer Lumen’s US$2.7 billion LatAm business sale

US private equity company Stonepeak has enlisted Simpson Thacher & Bartlett LLP in New York and Palo Alto as lead international counsel to buy Lumen Technologies’ Latin American business for US$2.7 billion.

05 August 2021

Holland & Knight and Thompson & Knight finalise merger

US law firms Holland & Knight LLP and Thompson & Knight LLP have completed their tie-up – a move that substantially boosts the combined firm’s presence in Mexico.

04 August 2021

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