Santamarina + Steta

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Our firm provides 70 years of experience and strength in the legal field backed by a complete knowledge of the business environment and an extensive practice in a great variety of both domestic and international matters.

We offer comprehensive services in more than 35 practice areas of law related to business activities and industries, representing individuals and organizations with influence in the private, public and non-governmental sectors.

We provide a vast range of creative solutions to complex transactions while preventing conflicts and future contingencies. More than 1,000 active clients permanently rely on us to face business challenges. Some of them have been with us for over 60 years, as a result of our continuous development and expertise to cover practically all sectors of the economy.

Our partners have an extensive professional background and between 15 and 45 years of experience within Santamarina y Steta. A significant number of our lawyers have complemented their education at international law firms and universities abroad.

We have developed strong alliances with top tier law firms in more than 60 countries and we are the exclusive Mexican member of strategic international organizations to offer our clients a solid network without borders.

"It´s a very good law firm from a technical point of view, it is cost efficient and they always try to achieve our timings."

"Excellent, with a very good technical knowledge and understanding of the business”.

• Banking
• Capital markets: Debt
• Capital markets: Derivatives
• Capital markets: Equity
• Capital markets: High yield
• Competition
• Financial restructuring
• Financial services regulatory
• Investment funds
• M&A
• PPP/PFI
• Private equity
• Private equity funds
• Project bonds
• Project finance
• Real estate finance
• Real estate funds
• Restructuring and insolvency
• Securitisation
• Structured finance/securitisation

Meet the team.

Mergers & Acquisitions:
Jorge León-Orantes
jleon@s-s.mx

Banking and Finance:
Alberto Saavedra
asaavedra@s-s.mx

Capital Markets:
Sergio Chagoya
schagoya@s-s.mx

Projects:

Juan Carlos Machorro
jmachorro@s-s.mx

Recent transactional highlights:

• Santamarina y Steta provided legal external counsel to Grupo Industrial Saltillo, S.A.B. de C.V. in connection with the first and second issuances of secured long term bonds under a Program for the total amount of MXN $1,775,000,000.00. Casa de Bolsa Santander, S.A. de C.V., Grupo Financiero Santander México, HSBC Casa de Bolsa, S.A. de C.V., Grupo Financiero HSBC and Scotia Inverlat Casa de Bolsa, S.A. de C.V., Grupo Financiero Scotiabank Inverlat acted as underwriters. It is important to highlight that this transaction was rated AA-(mex) by Fitch Ratings and HR AA- by HR Ratings de México, confirming the position and financial strength of the company in the market. The transaction was announced on October 17^th, 2017 and was completed on October 19^th, 2017;
• Santamarina y Steta acted as external legal counsel to Inmobiliaria Ruba, in connection with the second issuance of unsecured long term bonds under a Program for an amount of MXN$500,000,000.00. Actinver Casa de Bolsa, S.A. de C.V., Grupo Financiero Actinver and Casa de Bolsa Banorte Ixe, S.A. de C.V., Grupo Financiero Banorte acted as underwriters. Inmobiliaria Ruba, S.A. de C.V., is one of the main housing developers in Mexico. It is important to highlight that this transaction was rated A(mex) by Fitch Ratings and mxA by S&P, confirming the position and financial strength of the company in the market;.
• Santamarina y Steta acted as external legal counsel of Invex Controladora, S.A.B. de C.V. in connection with the Revolving Short and Long Term Debt Bonds Program (Programa Dual de Certificados Bursátiles de Corto y Largo Plazo) and its First Issuance. The Program was authorized by the National Banking and Securities Commission on May 21, 2018 for a total amount of MXN $3,500' 000,000.00 (three thousand five hundred million pesos 00/100 legal currency of the United Mexican States);
• Santamarina y Steta acted as lead counsel to GIS (Grupo Industrial Saltillo) in the negotiation of the acquisition and the Credit Agreement and all other loan documents (notes, guarantees, pledged, security documents, etc.). This matter was important for GIS to refinance its debt and use the proceeds to continue its growth in the autoparts business in Europe and Asia. Intermediary to a construction company to facilitate an agreement valued in  $100mdd;
• Santamarina y Steta acted as lead counsel to GIS (Grupo Industrial Saltillo) in the tender offer process and the Credit Agreement and all other loan documents (notes, guarantees, pledged, security documents, etc.). This matter was important for GIS as it implied its entrance to the European market;
• Representation of IFC and Proparco in the parallel financing granted to Proteak Uno, S.A.B. de C.V. and a group of 10 of its subsidiaries in Mexico, Costa Rica and Colombia, involving a complex security structure over the biological assets and other properties of Proteak;
• Advised and represented Wirecard AG in the acquisition of the Mexican piece of Citigroup’s Prepaid Card Services. Wirecard AG is a leading technology company focused on creating and managing solutions for electronic payment transactions. Since its foundation in 1999, it has supported the electronic payments’ environment, including enhancing fraud prevention. The acquisition of Citigroup’s prepaid card business unit will allow Wirecard AG to expand activities into the North American market while strengthening its global platform;
• Santamarina y Steta acted as Mexican counsel to Iron Mountain in the acquisition of 100% of the capital stock in the Mexican Subsidiaries of Recall Holdings Limited, globally a transaction for approximately US $ 2 billion. Santamarina y Steta assisted Iron Mountain in all stages of the transaction , including, among many others, the planning, preparing and execution of the acquisition/purchase documents in connection with Iron Mountain’s Mexican companies, as well as the due diligence process, including real estate, licensing and permitting, and environmental related matters.  With the global acquisition, Iron Mountain acquires the entirety of Recall’s global operations, including all facilities, vehicles, employees and customer assets;
• Santamarina y Steta recently advised and counselled Kimberly-Clark de México, S.A.B. de C.V in a successful operation of $50 million dollars by acquiring the assets, of the Escudo business from Procter and & Gamble;
• Santamarina y Steta advised Alfa, S.A.B. de CV. In the implementation and execution of the Definitive Agreements under the Proposed Merger of Axtel and Alestra (subsidiary of Alfa). Santamarina y Steta recently advised and counseled Alfa, S.A.B. de C.V., Onexa, S.A. de C.V., and Alestra, S. de R.L. de C.V. in the implementation and execution of the definitive agreements under the Proposed Merger of Axtel and Alestra (subsidiary of Alfa). Obtain from the CNBV and exemption to make a public offering due to the merger of Alfa with Axtel.  Axtel will survive as an operating and publicly-traded holding company, including Alestra as a subsidiary, and is expected to issue new shares to ALFA representing approximately 51% of the combined entity ownership;

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MONTERREY 
Av. Ricardo Margain Zozaya 335, Torre 1, Floor 7 
Col. Valle del Campestre 
66265 Garza García, NL
T: +52 81 8133 6000
 
QUERÉTARO
Corporativo Blanco 
Av. Prolongación Tecnológico 950-B, Floor 16 San Pablo 
76159 Querétaro, QRO
T: +52 442 290 0290