Jorge Cervantes specializes in M&A, Private Equity and Project Finance. He has extensive experience advising parties in a wide range of corporate transactions and energy, telecom and infrastructure projects in Mexico, representing developers, private equity investors, financial institutions, banks, lenders and governments on different acquisitions, dispositions, joint ventures and financings. His experience crosses a range of transactional and regulatory work and has included some very relevant transactions involving oil and gas, power plants, renewable energy, petrochemicals, LNG, pipelines, telecommunications, real estate, hotels and infrastructure projects in general.   

 

Mr. Cervantes has obtained the following accomplishments and repeat recognitions for his practice:

 

- Chambers and Partners Latin America;

 

- Best Lawyers in Mexico;

 

- Euromoney’s Banking, Finance and Transactional Expert Guide;

 

- LACCA Approved;

 

- Named one of the Mexico’s leading business lawyers in Mexico’s Top 40 Lawyers Under 40, published by Latin Lawyer;

 

- International Who’s Who of Business Lawyers;

 

- Euromoney’s Guide to the World’s Leading Technology, Media and Telecommunication Lawyers; and

 

- IFLR 1000.

 

 

Representative Transactions

 

 

M&A

 

Grupo Fertinal (the largest fertilizer producer in Mexico and Latin America) and its shareholders, in the US$680m sale of 100% of the equity to newly created PEMEX subsidiary, Pemex Fertilizantes

 

Lumex Holding B.V. (a joint venture of OAO LUKOIL and Marak Capital) in the acquisition of Petrolera de Amatitlán, S.A.P.I. de C.V., the contractor under the Hydrocarbons Exploration and Production Services Agreement (CIEP) for the Amatitlán area

 

IFM Investors in the US$650m acquisition of a 24.99% stake in Organización de Proyectos de Infraestructura, a wholly-owned subsidiary of OHL Mexico, which owns Concesionaria Mexiquense, the holder of the Circuito Exterior Mexiquense 110 Km toll-road in the State of Mexico

 

DIRECTV in the antitrust and telecom regulatory approval of its US$67b merger with AT&T, and the implications arising from its 41% ownership of SKY Mexico, the largest DTH satellite Pay-TV provider in Mexico

 

Cartesian Capital Group and Digital Realty, Inc. in the US$80m acquisition of a significant equity position in MetroNet, a Mexican telecomm concessionaire and operator of data and IT services

 

Cartesian Capital Group and Digital Realty, Inc. in the US$450m sale to KIO Networks of MetroNet

 

Bain Capital in its EUR€1.3b acquisition of Atento Group from Telefonica

 

Cartesian Capital Group, in its Pesos $675m Convertible Loan to Comercializadora Circulo K, to purchase 100% of the 900+ Tiendas Extra from Grupo Modelo, to add to Circle K’s 200+ mini-market stores in México

 

Euler Hermes and Mapfre in their strategic alliance involving the combination of their credit insurance businesses in Argentina, Chile, Colombia, Mexico and Spain, as well as the merger of the regulated Mexican insurance companies

 

Prologis Property Mexico and Corporación Actinver in the sale to Alta Growth Capital Mexico Fund of 100% of their equity in Operadora Central de Estacionamientos (formerly Central Parking Systems Mexico)

 

Avista Capital Partners in the US$780m global acquisition of The Clorox Company’s auto care business (including the Armor All® product line)

 

Sentinel Capital Partners in its US$200m merger buyout of Engineered Controls International

 

 

Project Finance / Infrastructure / Power Generation

 

Jaguar Exploración y Producción de Hidrocarburos and The Blackstone Group in their pre-qualification and presentation of their joint bids as a Consortium in International Public Bid “Round 1.3”, called by the National Hydrocarbons Commission for the award of E&P license agreements of 25 oil fields

 

EIG Global Energy Partners in their strategic alliance with Abengoa for the financing, construction and development of a US$2b energy/power generation portfolio comprised initially of projects in México, Brazil and Chile         

 

KEPCO, Samsung and Techint in an international public bid and a 25-year Power Purchase Agreement with the Federal Electricity Commission for the construction and operation of the Norte II 433 MW CCGT power subsidiary plant, the largest Korean-sponsored power plant ever developed in Latin America

 

Hidrobenz in its joint venture with PMI Comercio Internacional (a PEMEX subsidiary) and Trafigura, for the development, construction, financing, operation and ownership of a 350km pipeline project and related storage facilities, for transportation of gasoline, diesel and lubricants in the Yucatán Peninsula

 

Grupo Mexico in a USD$127m financing funded by INBURSA, for the acquisition of the 125.27m Friede & Goldman Super M2 jack-up drilling rig “Zacatecas”, constructed by Maritime Industrial Services Co. Ltd, and leased by PEMEX-Exploración y Producción

 

Perforadora Mexico in a US$140m refinancing funded by INBURSA, for the acquisition of the drilling rig type Hull 106 “Chihuahua”, leased by PEMEX-Exploración y Producción

 

Pacific Rubiales as bidder with PEMEX-Exploración y Producción for “Incentivized Contracts” for the exploration and production of the Carrizo, Magallanes and Santuario oil fields

 

DMGP (a consortium formed by Mexssub, Diavaz, Penspen and Greystar) in the development of a US$1.3b pipeline transportation system for PEMEX-Exploración y Producción in the State of Tabasco

 

Japan Bank for International Cooperation (JBIC), Calyon and Citigroup in a US$1b facility for an international consortium bid to purchase power plants and assets of Electricité de France in Mexico

 

Japan Bank for International Cooperation (JBIC) in a US$600m financing to Mitsubishi Corporation for the construction of a 648 MW coal-fired power generation plant tendered by the Federal Electricity Commission

 

 

 

Banking and Finance

 

KST Electric Power Company, Korea Electric Power Corporation, Samsung C&T Corporation and Techint in the US$450m financing by The Export-Import Bank of Korea, Crédit Agricole, Sumitomo-Mitsui, Scotiabank and West LB, for the construction of the largest Korean-sponsored power plant ever developed in Latin America. This deal was named “Latin American Power Deal of the Year” by Project Finance Magazine

 

ING, Mizuho, CitiBank, Crédit Agricole, La CaixaBank, Sabadell, Banamex and BBVA, in their US$300m acquisition financing to Vopak and EneGas to purchase the Altamira II LNG facility

 

Bain Capital in their Pesos $1.1b Senior Facility Agreement with BBVA Bancomer and Santander for the acquisition of the Atento Group from Telefonica

 

Bain Capital and Atento BC Luxco in their Rule 144A/Reg. S issuance of US$300m notes due 2020

 

ICICI Bank and a syndicate of European and Asian banks in the EUR€370m financing to Motherson Sumi Systems to fund its acquisition of a majority stake in Germany’s Peguform Group.

 

Commerzbank and a syndicate of European, US and Asian banks in the US$350 and €75m financing facilities to AMG Advanced Metallurgical Group

 

Bangkok Bank in a US$350m financing to Indorama, for the acquisition of a polymers and resin business

 

 

Real Estate

 

 

Daymoon Desarrolladores, in their US$80m acquisition of the ME by Meliá Hotel in Cancún, Quintana Roo

 

Grupo LAR in the acquisition of 340 tracts of land in the Bosque Real golf and residential complex

 

Reichmann International in the development and construction of Torre Mayor, the tallest building in Mexico City and Latin America, and the leasing of more than 70,000 sq. meters of AAA office space

 

Cushman & Wakefield and different clients, in transactions for the acquisition, divestiture or development of real estate projects in Mexico, including touristic, retail, corporate and industrial premises, and of distressed loans and receivables underlying or secured by real estate assets.