Holland & Knight represented Abengoa Mexico, an international energy technology company, in its debut on the Mexican Stock Exchange with the registration of a $3 Billion pesos (approx. US$230 million) debt program and its first issuance of $163 million pesos (approx. US$12.5 million) on July 2. The issuance was placed by CI Casa de Bolsa and had a rating of HR3 by HR Ratings.

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A team of attorneys from Holland & Knight’s Mexico office represented Fibra UNO, Mexico’s first publicly traded REIT, on its third global and landmark follow-on public offering, valued at US $2.5 billion. Under the terms of the deal, Fibra UNO offered 800.4 million CBFIs (shares), including an overallotment option and a hot deal option.
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A cross-border team from the New York and Mexico City offices of Haynes and Boone, LLP advised longstanding client, Grupo Fermaca S.A. de C.V., a market leader in the development and operation of energy infrastructure in Mexico, in connection with the acquisition by Partners Group, a global private equity firm headquartered in Zug, Switzerland, of a majority stake in Fermaca from New York private equity firm, Ospraie. More >>

In a noteworthy cross-border deal showcasing its Latin America, corporate and finance practices, Milbank, Tweed, Hadley & McCloy LLP has represented Swiss private equity firm Partners Group in making a majority investment in Mexico’s leading gas infrastructure firm, valued at approximately $750 million.

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The Firm recently represented Concesionaria Mexiquense, S.A. de C.V. (“Conmex”), a wholly-owned subsidiary of OHL México, S.A.B. de C.V. (“OHL Mexico”), in connection with its approximately U.S.$1.4 billion debt refinancing, through (i) the issuance by Conmex of 1,633,624,000 in aggregate principal amount of 5.95% UDI denominated Senior Secured Notes due 2035 and 2,087,278,000 in aggregate principal amount of UDI denominated Zero Coupon Senior Secured Notes due 2046, where Goldman, Sachs & Co. acted as initial purchaser and sole book-running manager; (ii) a credit facility to Conmex denominated in Mexican pesos for an aggregate principal amount of MXN$6,465 million from Goldman Sachs Bank USA as initial lender and administrative agent; and (iii) a credit facility to Organización de Proyectos de Infraestructura, S. de R.L. de C.V., a subsidiary of OHL México and parent of Conmex, denominated in U.S. Dollars in aggregate principal amount of U.S.$300 million from Goldman Sachs International as initial lender and administrative agent. The UDI (Unidad de Inversión) is an inflation based indexed unit created by the Central Bank of Mexico (Banco de México), and linked to the Mexican peso.

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Holland & Knight, one of the largest law firms in the United States, announced today that it will open a new office in Mexico City.  The decision to open its own office in Mexico City represents a new direction for the firm in Mexico.  The firm previously operated in Mexico through a joint venture established in 1998.

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Milbank, Tweed, Hadley & McCloy has represented a group of major banks and investment firms as underwriters of senior notes issued by Mexican highway developer Red de Carreteras de Occidente, S.A.P.I.B. The 15-year notes, due in 2028, raised MXN $7.5 billion (US $603 million). It was the first time that RCO, one of Mexico’s leading highway infrastructure firms, had accessed financing in the international capital markets and the first time since 2006 that a Mexican toll-road operator accessed the international capital markets.

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Chadbourne & Parke represented Fondo de la Vivienda del Instituto de Seguridad y Servicios Sociales de los Trabajadores del Estado (FOVISSSTE) in the successful placement of its fifteenth mortgage loan portfolio securitization, known as TFOVIS and worth approximately US$573 million, the largest RMBS ever done in the Mexican market.

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