The ‘extremely solid’ team at Creel, García-Cuéllar, Aiza y Enríquez, S.C. is a strong choice for a range of capital markets mandates, garnering praise from clients for its ‘timely delivery in complex transactions’ and ‘in-depth knowledge’. The group has a track record advising issuers, underwriters, pension funds and other institutional investors on both debt and equity transactions, and has also participated in landmark transactions involving CKD listings, FIBRAs, SPACS and REITS. Carlos Aiza takes the lead and specialises in capital markets and corporate finance transactions, FIBRA IPOs and workouts. A further key figure, Rodrigo Castelazo handles private equity and capital markets transactions, and has experience advising Mexican and international sponsors on establishing Mexican CKD funds. Mercedes Haddad, in turn, is noted for her work participating in bond issuances in Mexico and cross-border debt offerings and private placements; while Carlos Zamarrón undertakes private and public structured finance and capital markets transactions. Crisanto Sánchez was promoted to counsel in January 2024; and Mauricio Rascón is the name to note at senior associate level.

Lauded by clients for its availability and ability to provide ‘accurate and precise solutions’, the team at Galicia Abogados S.C. offers support on the gamut of domestic and international capital markets transactions, assisting clients with raising capital through debt, equity and equity-like products. The group has particular experience in project bonds, international debt offerings, IPOs, follow-on offerings, and asset securitisations and other structured financings. The team advises both issuers and underwriters, and has significant sectoral experience in the financial services, hospitality, energy, retail, logistics and real estate sectors. Guillermo Pérez Santiago shares leadership of the practice group with Maurice Berkman. Pérez Santiago handles cross-border equity and debt offerings, financings and ESG matters; while Berkman specialises in lending and capital market transactions, as well as securities regulation. ‘Great asset’ María ‘Maruca’ Ángeles Padilla focuses on domestic and international debt and equity offerings and securities regulations; with Carlos Obregón Rojo undertaking capital markets and M&A transactions. Key banking and finance contact at the Monterrey office Rosemarie McLaren garners praise for the ‘efficient and high-quality technical advice’ she provides.

The team at Mijares, Angoitia, Cortés y Fuentes S.C. routinely advises issuers on securities offerings, compliance matters and administrative proceedings with regulators. Key areas of expertise for the group include advising on debt and equity issuances, public offers and private placements, asset backed securities, and the financing of projects through trusts. Issuers, underwriters, structuring agents, investors and rating agencies regularly feature on the practice’s client roster. Four partners share leadership of the group: Manuel Echave, Francisco Ibáñez, Martín Sánchez and Patrick Meshoulam. Echave handles finance and capital markets transactions, including securitisations, and capital and debt issuances; Ibáñez and Sánchez take care of banking and finance, M&A, and capital markets transactions; and Meshoulam specialises in handling public and private offerings of equity, debt and structured securities, and M&A. Additional key figures include Ricardo Maldonado and Carlos Jiménez Cantú, who are noted for their contributions across the range of capital markets transactions.

Lauded as a ‘capable, professional team which is committed to its clients’, Nader, Hayaux y Goebel, SC (NHG)'s group is well-versed in a range of capital markets transactions, among them securitisations, IPOs, equity placements and tender offers. Another pillar of practice lies in the development of instruments such as CKDs and FIBBRAs. With regards to securitisations, the practice group’s offering includes advising on both existing assets and future flows, as well as taking care of domestic peso-denominated securitisations. A recent work highlight saw the team advise Arago Gestión on the structuring, registration and listing of a CERPI on the Mexican stock exchange for a total value of $300m. Noted finance, M&A, and capital markets practitioner Michell Nader leads the practice’s operations. Additional key figures include Julián Garza, noted for his experience involving securitisations, CKDs, FIBRAs and CERPIs and equity issuances; Hans Goebel, who is well-versed in securities issuances; Gunter Schwandt, who garners praise for providing an ‘excellent level of support’; and Ana Paula Tellería, who handles securitisations and financial transactions relating to real estate operations. The practice was strengthened in May 2024 with the arrival of Jenny Ferrón, as a partner, following three years as an associate at a global New York firm; previously a senior associate at NHG, she is well-versed in capital markets, banking and finance, and private equity matters.

Noted for its ‘extensive experience’ in capital markets and ‘experience in all types of financing structures’, the team at Ritch, Mueller y Nicolau, S.C. covers an array of capital markets mandates. Key areas of expertise include equity, debt and structured securities offerings; CKDs, CERPIs, FIBRAs and FIBRAs-E; and bank capitalization notes. The group is well-versed in assisting issuers, international and local broker-dealers and investment banks. Practice co-head Luis Nicolau is recognised for his ‘great market reputation’ and specialises in M&A, debt and equity capital markets transactions, and banking and finance. Fellow co-head Gabriel del Valle Mendiola majors on private and public offerings of debt and equity, the establishment of private equity funds, and the structuring of infrastructure projects. Additional names to note include banking, finance and capital markets specialists Pablo Perezalonso Eguía, Jean Paul Farah Chajín, and younger partners Gabriel Robles Beistegui and Eric Silberstein Lerner. Senior associate Ernesto Talamás supports the partners across the range of banking and finance and capital markets mandates.

Greenberg Traurig, S.C.'s capital markets capabilities take in debt and securities offerings, as well as representing SPACs and handling the structuring of FIBRAs. The ‘excellent’ team is routinely instructed by domestic and foreign public and private issuers, underwriters, venture capital funds and private investment firms. Three lawyers share leadership of the practice: José Raz Guzmán, Juan Manuel González, and David Argueta. Raz Guzmán frequently works with issuers, underwriters and investors on public and private offerings of equity and debt; González acts as co-chair of the firm’s global infrastructure practice group and is experienced in the financing of infrastructure and energy projects; and Argueta focuses on capital markets and financing transactions, as well as general corporate matters.

Kuri Breña, Sánchez Ugarte y Aznar's capital markets capabilities are centred on advising bond issuers, dealers, and funds on the design and implementation of structured financing transactions. The group is equally equipped to advise on private equity and venture capital investments, joint ventures, debt restructurings and securities offerings. Firm founder Daniel Kuri Breña Romero oversees the department and has experience handling the financings and loan restructurings of major domestic corporations, as well as securitizations and other structured financing transactions. Additional key partner-level contacts include Luis Octavio Núñez, who has particular expertise in the creation of financing structures and vehicles for the securitisation of real estate assets; and Miguel Vallejo, who is well-versed in the issuance of debt instruments in the Mexican securities market. Ex-practice co-head Álvaro Sarmiento Lapiedra left the firm in January 2024.

White & Case S.C. offers investment funds, banks, and corporations support with debt and structured finance transactions, in addition to advising issuers and underwriters on securities offerings on the Mexican Stock Exchange. The group is directed by Juan Antonio Martín, who majors on domestic and cross-border financings, and securitisations. Eduardo Flores Herrera has notable banking and securities knowledge and is active on capital markets transactions involving entities active in the fintech sector. Carlos Mainero and Narciso Campos are often called upon for their regulatory expertise, while counsel Eric Quiles assists financial institutions, underwriters and brokers with securities issuances. Rebeca García López, who focuses her practice on capital markets and corporate transactions, was promoted to the partnership in January 2024; and the team was also strengthened by the arrival of Eugenio Bernal from BBVA Mexico in August 2023.

The capital markets group at Holland & Knight has a track record assisting both Mexican and foreign entities, including companies, funds, trusts and financial institutions, with public and private issuances to secure financing through the stock market. A key area of focus for the team is the structuring of REITs, and it is also regularly involved in capital and debt issuances related to FIBRAs, as well as IPOs and follow-ons. A recent highlight saw the team advise SMBC on a global $400m syndicated loan facility for Banco Latinoamericano de Comercio Exterior. Following the March 2024 departure of ex-practice head Xavier Mangino, the group is directed by Guillermo Uribe, whose practice encompasses banking and securities law, capital markets, structured finance, syndicated loans and securities-related compliance matters. Adrián Gay has focused his practice on REITs, SPACs, CKDs, and financing transactions; and Alejandro Landa handles structured finance, M&A, project finance, and real estate transactions. The key name to note at associate level is Jorge González Carlini, who is active on real estate and finance matters. April 2023 saw the arrival of a group of 17 lawyers from Sánchez Devanny to the firm’s Mexico City and Monterrey offices, among them corporate, real estate, and capital markets practitioner Francisco Andrés Gámez Garza. Senior counsel Elena Ibarrola also left the firm in March 2024.

Praised as a ‘highly capable, well-integrated team, with well-prepared lawyers who form good relationships with their clients’, Jones Day's capital markets team specialises in advising issuers and underwriters on debt and equity offerings, as well as handling the establishment of mutual funds, pension funds and brokerage firms. The practice is jointly led by two ‘efficient and remarkable’ of counsels: Silvia Malagón, who has particular experience assisting mutual funds with obtaining authorisations before the national banking and securities commission; and Carlos Sámano, who takes care of debt issuances, asset-backed securities offerings and tender offers.

Following its July 2024 merger into the Spain-headquartered Pérez-Llorca, the former Gonzalez Calvillo capital markets team is even better placed to provide transactional support to both issuers and investors of securities including FIBRAs, CKDs, and CERPIS. The team handles equity, debt and hybrid securities offerings, as well as advising on acquisition financings and regulatory matters. An additional recent area of focus is advising on the issuance of CEBURES and securitisations. The practice is co-led by two partners: José Ignacio Rivero Andere, who has a broad corporate and transactional practice; and Bernardo Reyes Retana, who has notable experience in private and public offerings of securities in Mexico and abroad. Former practice co-head Daniel Guaida Azar left the firm in April 2024.

Noted for its ‘dedication and drive’, the team at Sánchez Devanny has experience assisting issuers, broker dealers, and local and international investments banks alike, with public and private offerings of debt and equity securities. The group has, of late, carved out a niche in the automotive sector, and counts Toyota, Daimler, and other major brands among its clients. José Berrueta Ochoa heads up the practice group and specialises in capital markets, banking and finance, along with financial regulatory mandates. Key contact Carlos Matsui, who was promoted to partner in February 2023, majors on capital markets and M&A transactions, as well banking and finance matters. The firm is currently in discussions that would see it merge into Garrigues' Mexico office.

Santamarina y Steta's capital markets group assists clients with debt and equity offerings, FIBRA and CKD-related mandates, and public tender offers. Additional areas of expertise include securities lending transactions, corporate governance and restructuring. A trio of partners share leadership: Alberto Saavedra's broad practice takes in capital markets, corporate, M&A, and project finance; Sergio Chagoya routinely represents issuers, investors, developers and government entities in private equity and venture capital transactions, as well as public offerings; and Diego Ostos handles securities, corporate matters and M&A work. Senior associate Juan Pablo Rodríguez Sada left the firm in October 2023.