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Grupo Crédito Maestro signs financing for MXN $1,300 million advised by Gonzalez Calvillo

Mexico City, October 17th, 2022 – Grupo Crédito Maestro (“Crédito Maestro”), a leader in the payroll financing industry in Mexico, announced the financing of the investment fund AB CarVal for MXN $1,300 million. Gonzalez Calvillo (“GC”) advised Crédito Maestro in this transaction, which in addition to strengthening the solidity of the Mexican firm, is a sign of confidence in the payroll credit sector by foreign entities in Mexican financial companies.

Crédito Maestro is a 100% Mexican company founded in 2002, devoted to granting cash loans to Mexican government workers, pensioners, and retirees, offering them the benefit of payment through payroll deduction. AB CarVal is an established global alternative investment manager focused on distressed and credit-intensive assets and market inefficiencies. Since 1987, has invested USD $138 billion in 5,655 transactions across 82 countries.

This financing is the first part of a series of credits that the Mexican company will receive from the investment fund, with which it consolidates its excellence in administration, operation, quality of service and financial stability for the benefit of all its clients and shareholders.

Commenting on this transaction, Crédito Maestro’s CEO Gerardo Fernández Mena stated, “we consolidate Crédito Maestro as a financial company aware of the responsibility we have to help our clients and collaborators live better”.

The GC team that advised Crédito Maestro in this transaction was led by José Ignacio Rivero (Partner) and also included  Jerónimo Ramos (Senior Associate), Fernanda Koloffon (Associate) y Héctor Ferrari (Law Clerk).

José Ignacio Rivero

Partner

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Jerónimo Ramos

Associate

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Fernanda Koloffon

Associate

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Héctor Ferrari

Law clerk

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NOTE TO EDITORS

For 35 years, Gonzalez Calvillo has been at the forefront of the legal market in Mexico as a full-service leading law firm due to its transactional core and expertise in a wide range of practice areas. The firm is recognized for its ability to build cross-disciplinary teams for the most complex legal challenges and long track record of successfully providing groundbreaking business and regulatory advice to high profile domestic and international companies. Often described as a pioneer of the Mexican legal services industry, the firm is known for its commitment to doing things differently, bespoke solutions, and creating transformational legal changes that enable clients achieving their objectives. For more information, please visit www.gcsc.com.mx.

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