We advise on the full range of equity capital markets transactions: initial public offerings, follow-on offerings and rights offerings, accelerated book-builds and block trades, secondary placements, and tender offers and take-private transactions. Our clients include both issuers accessing the public markets and the financial institutions, domestic and international banks and broker-dealers, that structure and underwrite those offerings.

We have advised on some of the most significant equity offerings in Mexico’s history, transactions that defined market practice and required creative legal analysis that distinguishes a market-leading practice. For international issuers accessing Mexico’s equity markets and for Mexican issuers listing abroad, we coordinate with international counsel to ensure that cross-border regulatory requirements are addressed with the same depth as domestic law aspects.

Mexico’s debt capital markets encompass a wide range of instruments: from investment-grade corporates and financial institutions issuing certificados bursátiles domestically, to sovereign and quasi-sovereign issuers accessing international bond markets. We advise on domestic public offerings and private placements, cross-border bond offerings, medium-term note programs, subordinated and hybrid capital instruments, and project bonds with sector-specific regulatory considerations.

Our debt capital markets practice combines technical command of Mexico’s domestic securities regime with genuine fluency in international debt markets. We advise on disclosure, covenant structuring, credit enhancement, and regulatory approvals, producing documentation that meets the standards of international investors and rating agencies while remaining fully operative under Mexican law.

The Firm pioneered the legal frameworks for Mexico’s most innovative structured investment vehicles. Our lawyers were instrumental in developing the certificados de capital de desarrollo (CKD) structure and advised on the first-ever FIBRA E transaction, work that required designing legal architecture in advance of, and in collaboration with, regulators. Our work has also transformed Mexico’s fund raising practices by allowing regulated Mexican pension funds (AFORES) to invest in privately placed investment funds.

Our structured finance practice covers the full range of vehicles available in Mexico: CKDs and CERPIs for infrastructure and private equity; FIBRAs and FIBRA Es for real estate and infrastructure investment trusts; asset-backed securitizations of financial receivables and mortgage portfolios; and complex derivatives for institutional participants. For each instrument, we advise on structure design, disclosure documents, regulatory authorizations, and ongoing compliance.

We advise sponsors, managers, and investors on the formation and operation of investment funds in Mexico. Our practice encompasses private equity and venture capital structures (FIPs, CKDs, CERPIs); real estate vehicles (FIBRAs); infrastructure platforms (FIBRA E); and debt funds structured to access Mexico’s institutional investor base through the AFORE regulatory framework.

We advise on fund document structuring, regulatory filings and CNBV authorizations, investment management agreements, and tax structuring for Mexican and foreign investors. For international sponsors entering Mexico’s institutional market, we provide the regulatory knowledge and market insight needed to design fund structures that meet the requirements of Mexico’s sophisticated AFORE investor base.

The Firm advises Mexico’s publicly traded companies on the full range of their post-offering obligations. Our securities regulation practice covers periodic and event-driven reporting under the LMV and CNBV rules, insider trading restrictions and pre-clearance requirements, related-party transaction approvals, and the management of material information during market-sensitive corporate events.

Our corporate governance practice supports boards of directors, audit committees, and compensation committees of publicly held companies. We advise on independent director committee composition, executive compensation programs, controlling shareholder conflicts, and governance considerations arising in significant corporate transactions. For companies transitioning from private to public ownership, or from domestic to international listing, we provide comprehensive governance review and implementation support.

Many of the most significant capital markets transactions involving Mexican issuers have a cross-border dimension, whether accessing US or European debt markets, involving multi-jurisdictional securities, or requiring documentation meeting international institutional investor standards. We coordinate with leading international firms in New York, London, and other financial centers to produce documentation that works across legal systems.

For international issuers accessing Mexico’s capital markets, we provide the full regulatory roadmap: CNBV registration, exchange listing requirements, foreign issuer disclosure frameworks, and continuing obligations. Our cross-border relationships, built over decades of joint engagements with leading international capital markets practices, are among the resources we bring to every cross-border mandate.