Client or Matter Name

Grupo Empresarial Maestro, S.A. P.I. de C.V. - “Grupo Crédito Maestro”

Deal Description

We acted as counsel to Grupo Crédito Maestro, as borrower, in the MXN$1,300,000,000.00 (Approx. USD$65,000,000.00 (Sixty Five Million Dollars)) large-scale financing granted by Banorte, as lender – the second largest financial group in Mexico and the one with the largest business diversification in the market – to fund the acquisition and/or origination of loans and related collection rights by Grupo Crédito Maestro.

Innovation & Additional Comments

The deal was particularly challenging given that it was necessary to implement a complex collateral package in the form of, among others, a trust agreement to serve as the guarantee and source of payment mechanism of the financing.

Finally, this matter is also relevant since it shows confidence in the payroll lending sector in Mexico.


  • Mexico

Governing Law

  • Mexican federal law

Deal Value

  • MXN$1,300,000,000.00 (One Billion Three Hundred Million Pesos 00/100 M.N.) (Approx. USD$65,000,000.00 (Sixty Five Million Dollars)).

Date of Closing / Signing

  • July 18, 2022

Practice Area

  • Corporate Finance

Team GC

  • Lead Partner: José Ignacio Rivero Andere
  • Managing Associate: Jacinto Avalos Capin
  • Associates: Rodrigo Poumian González, Fernanda Koloffon Escalé
  • Law Clerks: Héctor Ferrari Ruiz, Valeria Camacho Bello

Other Firms Involved

  • Cervantes Abogados, S.C.

Lead Partner: Luis A. Cervantes Muñiz

  • Partners: Alejandro Campillo Talavera, Pablo Martínez Arizpe
  • Practice Leader: Víctor Hugo Gallegos Díaz