News
2021
15
December 15, 2021
Mergers and Acquisitions
Brazilian fintech Dock snaps up Mexican card processor
Ritch Mueller represented Cacao Paycard and its shareholders, in the sale to Dock, of all of its shares. Read note (subscription site)...
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 (only available in Spanish)...
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)...
01
November 01, 2021
Tax
Newsflash - 2022 Tax Reform: Key Takeaways
On October 26, Mexican Congress approved the 2022 tax reform, which amended, added or repealed several provisions of the Mexican Income Tax Law (“MITL”), the Value Added Tax Law (“VATL”), the Excise Tax Law (“LIEPS” for its acronym in Spanish), the Federal Fiscal...
29
October 29, 2021
Tax
Newsflash - Economic Package 2022 – Hydrocarbons and Petroleum Products
On October 26, the Mexican Congress approved the 2022 economic package, amending, adding and repealing several provisions of the Mexican Income Tax Law (“MITL”), the Value Added Tax Law (“VATL”), the Excise Tax Law (“LIEPS” per its acronym in Spanish) and the...
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)...
14
October 14, 2021
Capital Markets
Ritch Mueller helps BBVA create warrants issuance programme
Ritch Mueller represented BBVA Bancomer, in connection with the structuring and implementation of an issuance program of Warrants (Títulos Opcionales) of MXN$250,000 million. Read note (subscription site)...
05
October 05, 2021
Banking and Finance
Mexican concessionaire gets first green toll road financing
Ritch Mueller represented BBVA and Banco Sabadell, in a loan of up to MXN$2,000 million to Red de Carreteras de Occidente, secured by the revenues from its toll roads. Read note (subscription site) Other media Iberian...
05
October 05, 2021
Energy and Infrastructure Projects
Newsflash - Initiative to Reform the Mexican Constitution on Energy Matters
On September 30, 2021, the President of Mexico submitted to the House of Representatives (Cámara de Diputados) an initiative to reform Articles 25, 27 and 28 of the Federal Constitution of Mexico (the “Initiative”). The Initiative seeks to reorganize the Mexican electricity...
