The banking and finance department of Baker & McKenzie's Mexico office is led by the hands-on Alejandro Sepúlveda, and along with Daniel Antillón, he was the most active partner in the firm's big ticket finance deals. The capital markets proved a flat year for the firm as for many across the market....
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The banking and finance department of Baker & McKenzie's Mexico office is led by the hands-on Alejandro Sepúlveda, and along with Daniel Antillón, he was the most active partner in the firm's big ticket finance deals. The capital markets proved a flat year for the firm as for many across the market.
A great majority of the firm's deals are cloaked in confidentiality however two deals give a flavour to the kind of work that has kept it busy. In one, Rafael Gómez Vicencio led a large team to represent Mexican consumer lender Crediamigo as borrower of an asset-backed structured syndicated financing. The deal secured a large loan of $100 million, involved a number of parties and counsel in various jurisdictions and was undertaken in Mexican and US law. A complicated business, it closed in autumn 2010.
A second smaller deal saw Antillón and team advise Banamex USA as it agreed term loan and revolving facilities with a confidential company to finance the acquisition of name brands and IP rights of a popular beverage. The facilities granted in July 2010 totalled $20 million.
The remaining confidential deals had a high proportion of refinancings and restructurings, interestingly for national rather than US banks, in the gap left by the latter's inactivity.
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For the past twelve months Jorge Ruiz has been coordinating the firm's M&A and corporate department and under his watch the team has made been steady progress, despite the difficult market, and picked up mandates across all the sectors of the economy.A number of the firm's deals remain confidential but two closed M&A transactions and an ongoing mandate give an insight into the kind of matters handled, although it only represents a small proportion of the transactions closed....
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For the past twelve months Jorge Ruiz has been coordinating the firm's M&A and corporate department and under his watch the team has made been steady progress, despite the difficult market, and picked up mandates across all the sectors of the economy.
A number of the firm's deals remain confidential but two closed M&A transactions and an ongoing mandate give an insight into the kind of matters handled, although it only represents a small proportion of the transactions closed.
Baker & McKenzie advised Richardson Electronics / Project Radar on its worldwide acquisition its RF, Wireless & Power Division for $210 million, which closed in October 2010 across 20 jurisdictions. Jose Miguel Zozayacorrea, one of the office's most active partners, led a large team to conduct due diligence on the Mexican subsidiary and revise the purchase agreement.
Gaspar Gutierrez Centeno led a team to act for HAL Investment on its acquisition of 25% of Grupo Optico Lux for $23 million in May 2010. The transaction shows the office's ability to handle deals involving Mexican parties.
In one ongoing and very high value M&A in mid-2011 Andres Ochoa-Bünsow and a large team were busy conducting due diligence for a confidential prospective purchaser of an investment in a regional retail and wholesale public company for an estimated value of $600 million.
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