Three months after Hogan Lovells BSTL opened in Mexico City, the firm has announced another step in its expansion in Latin America. Rene Arce Lozano will join the firm as a finance partner in the international debt capital markets practice, effective January 1, 2015. Arce, and five associates moving with him, will be based in the firm’s Monterrey office.
Until this move, Arce practiced law out of his own boutique, focusing on financing transactions, mergers and acquisitions, and general corporate law, and routinely representing lenders, private entities, and local governments in structured finance and securitization deals. His team recently closed the first tranche of a $1 billion restructuring with Estado de México. They are working on four more structured finance transactions, for purposes of developing commercial real estate in Mexico, with an aggregate deal value over $600 million.
“My team and I feel privileged to have our clients trust us in such interesting and complex legal work,” Arce said. “In the same manner, we think that trust and that capability will multiply considerably once we join the Hogan Lovells global platform.”
According to Arce, activity in Mexico’s financial and corporate market is rising considerably. “These past months, we have seen an unusual spike in work coming in and out of the banking sector, specifically in investment projects,” he noted. “That, coupled with the usual year-end activity of the public financing sector and the global expectation on Mexico’s implementation of its reforms, has provided our markets with never-before-seen opportunities.”
Prior to opening an office in Mexico, Hogan Lovells had already undertaken aggressive expansion in Latin America. In February 2014, the firm announced the opening of an office in São Paulo, complementing its presence in Rio de Janeiro, where the firm set up shop in 2013. The São Paulo branch does not practice local law, but operates as a foreign legal consultancy under the leadership of capital markets specialist Isabel Costa Carvalho, formerly of Clifford Chance. In addition to Mexico City, Rio de Janiero, and São Paulo, Hogan Lovells has offices in Houston, Miami, and Caracas.