Client or Matter Name

Altum Capital, as agent and lender.

Deal Description

We acted as legal counsel to Altum Capital – a leading Mexican private debt manager -, as agent and lender, in the USD$15 million structured financing to Tekmovil Group – a global innovative consumer electronics distribution services company.

Innovation & Additional Comments

The deal was particularly challenging given that it involved two separate jurisdictions (Mexico and US), with the main loan documents being governed by Mexican law.

That said, the structure of the deal required for collateral not only to be granted over Mexican assets, but also US assets. As such, we had to conform different concepts from foreign law into a Mexican-law governed transaction.

The transaction involved, among others, the implementation of a structured collateral package in the form of a trust agreement and ancillary security documents, as well as certain US-law governed security agreements, DACAs, etc.

Jurisdiction

  • Mexico
  • United States of America

Governing Law

  • Mexican Laws.

Deal Value

  • USD$15 million

Deal Duration, Date of Closing / Signing

  • Closing: February 28, 2023.

Practice Area

  • Corporate Finance.

Team GC

  • Leading Partner: José Ignacio Rivero Andere.
  • Managing Associate: Jacinto Ávalos Capín.
  • Associate: Rodrigo Poumian González, Luis Ernesto Brieño Jiménez.

Other Firms Involved

  • Galicia Abogados (Rosemarie McLaren – Partner), as Mexican counsel to Tekmovil Group.
  • Proskauer Rose (Philip Kaminski - Partner), as US counsel to Altum Capital.
  • K&L Gates (Laurie G. Lang - Counsel), as US counsel to Tekmovil Group.