Capital Markets

Our firm constantly represents issuers, international and local broker dealers, investment banks in private and public offerings of debt  and equity securities by Mexican issuers in the international markets.

Our firm also has a strong domestic securities practice, having participated in the development of the local market. Our domestic expertise covers equity, debt and structured securities offerings, including asset-backed securities (involving all asset classes, such as toll road receivables, auto loans, credit card receivables, commercial real estate and residential mortgages), CKDs, CERPIs, FIBRAS-E (MLPs), real estate FIBRAS (REITs) and bank capitalization notes. 

We also specialize in the establishment and operation of investment funds, as well as in the registration of non-Mexican issuers in the Mexican market and have advised non-Mexican issuers in respect of the offering of non-Mexican securities in Mexico (including through employee stock offerings). 

Related professionals


Featured transactions


We represented EMX Capital, in connection with an innovative transaction in the private equity secondary market under the scheme known as general partner (GP)-led secondary fund restructuring.

CLIENT:

EMX Capital

PRACTICE AREA:

Mergers and Acquisitions

Capital Markets

CLOSING DATE:

October 2021

VALUE:

ND

OTHER FIRMS:

Covington & Burling, LLP - Advisors to EMX Capital in the United States Kirkland & Ellis, LLP - Advisors to Lexington in the United States Creel, García-Cuellar, Aiza y Enriquez Abogados Advisors to Lexington in Mexico


We represented Morgan Stanley, Credit Agricole, Deutsche Bank and Itau BBA USA, as initial purchasers, in connection with the offering by Braskem Idesa of USD$1,200 million of its 6.990% Senior Notes due 2032.

CLIENT:

Morgan Stanley
Credit Agricole Securities (USA)
Deutsche Bank Securities
Itau BBA USA Securities

PRACTICE AREA:

Capital Markets

CLOSING DATE:

October 2021

VALUE:

ND

OTHER FIRMS:

Paul Hastings - special New York counsel to the Issuer Milbank - special New York counsel to the Initial Purchasers White and Case México - special Mexican counsel to the Issuer


We represented Morgan Stanley, Citigroup Global Markets and Goldman Sachs, as initial purchasers, in connection with the offering by Becle of USD$800 million of its 2.500% Senior Notes due 2031.

CLIENT:

Morgan Stanley
Citigroup Global Markets
Goldman Sachs

PRACTICE AREA:

Capital Markets

CLOSING DATE:

October 2021

VALUE:

USD$800 million

OTHER FIRMS:

Skadden – Asesor legal de Becle Cravath – Asesor legal de los Initial Purchasers.


Represented Vector and BBVA, in connection with the initial public offering and the issuance of MXN$554 million certificados bursátiles fiduciarios, by a trust sponsored by StepStone. 

CLIENT:

Vector Casa de Bolsa
BBVA Casa de Bolsa

PRACTICE AREA:

Capital Markets

CLOSING DATE:

October 2021

VALUE:

MXN$554 million

OTHER FIRMS:

Basila Abogados, S.C., acted as external legal advisor to Stepstone Mexico I (GP), LLC and the Issuer. Creel, García-Cuellar, Aiza y Enríquez, S.C., acted as tax counsel to Stepstone Mexico I (GP), LLC and the Issuer. Issuer: Banco Monex, S.A., Institución de Banca Múltiple, Monex Grupo Financiero, as trustee under Trust F/3541, sponsored by StepStone Mexico I (GP), LLC. Underwriters/placement agents/deal managers/banks: Vector Casa de Bolsa, S.A. de C.V. and Casa de Bolsa BBVA México, S.A. de C.V., Grupo Financiero BBVA México.


Related Awards


Top Tier Firm

Legal 500

Recommended Firm

Latin Lawyer

Top Tier Firm

IFLR1000

Top Ranked Firm

Chambers Latam

Law Firm of the Year in Mexico

LatinFinance

Featured news


18

November 18, 2021

Mergers and Acquisitions
Capital Markets

Three firms steer Mexico’s first GP-led fund restructuring

Ritch Mueller represented EMX Capital, in connection with an innovative transaction in the private equity secondary market under the scheme known as general partner (GP)-led secondary fund restructuring. Read note (subscription site)...

08

November 08, 2021

Capital Markets

StepStone issues bonds in the Mexican market

Ritch Mueller represented Vector and BBVA, in connection with the initial public offering and the issuance of MXN$554 million certificados bursátiles fiduciarios, by a trust sponsored by StepStone. Read note...

02

November 02, 2021

Capital Markets

Braskem Idesa raises funds to refinance Ethylene XXI in Mexico

Ritch Mueller represented Morgan Stanley, Credit Agricole, Deutsche Bank and Itau BBA USA, as initial purchasers, in connection with the offering by Braskem Idesa of USD$1,200 million of its 6.990% Senior Notes due 2032. Read note (only available in Spanish)...

27

October 27, 2021

Capital Markets

Mexican tequila maker taps US$800 million from capital markets

Ritch Mueller represented Morgan Stanley, Citigroup Global Markets and Goldman Sachs, as initial purchasers, in connection with the offering by Becle of USD$800 million of its 2.500% Senior Notes due 2031. Read news (subscription site) Other media LexLatin (only available in Spanish)...

Events


30

30 November 2021

Banking and Finance
Capital Markets

GFC Media Group - Bonds & Loans Latin America & Caribbean 2021

Jean Paul Farah will participate as a speaker at the Bonds & Loans Latin America & Caribbean 2021 event. In the panel "Underwriting and syndicating loans in 2022 and beyond: Who is lending, at what price and on what terms?" The panel will include the discusion of the following...

06

06 February 2020

Capital Markets

GFC Media Group - Bond, Loans & Derivates Mexico Conference

Luis A. Nicolau participated as a speaker at the Bond, Loans & Derivates Mexico conference.  This is the most important conference for the country's investment banking community. It offers an ideal platform to hear about the latest local and international developments that impact the...

08

08 October 2019

Capital Markets

Latin Lawyer Live - 10th Annual Private Equity Conference

Luis A. Nicolau participated in the Latin Lawyer Live 10th Annual Private Equity Conference as a speaker in a panel that will talk about succesfull private equity exits in Latin America. Read more about this event...

07

07 February 2019

Capital Markets

GFC Media Group - Bond, Loans & Derivatives Mexico 2019

Pablo Perezalonso participated in Bonds, Loans & Derivatives Mexico 2019, as speaker in the panel "How are Mexico’s blue-chips approaching the capital markets in an environment of economic and political transition?". The event brought together local and international investors of...

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