Restructuring and Insolvency

• Cargill Financial Services International — Lead counsel to principal creditors in the landmark commercial bankruptcy of Altos Hornos de México (AHMSA), one of the largest and most complex insolvency proceedings in Mexican history (USD 632,299,838.62 claim).

• Cargill Financial Services International — Lead counsel in the insolvency and liquidation proceedings of Minera del Norte, involving complex secured claims and creditor enforcement strategies.

• Christofferson Robb & Company — Lead counsel to funds acting as secured creditors and first-priority beneficiaries under multiple Mexican security trusts in the commercial bankruptcy of Préstamos Felices en 15 Minutos including trust enforcement, factoring structures, precautionary measures, and litigation.

• U.S. Bank Trust Company, National Association — Counsel acting as indenture trustee in the commercial bankruptcy proceedings of Inversiones y Colocaciones Inmobiliarias, representing holders of notes issued in an international offering.

• U.S. Bank Trust Company, National Association — Counsel acting as indenture trustee in the bankruptcy proceedings of Tangerine Pomelo Group.

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M&A

Advised:

• Vente-Privee for the sale of 100% equity interest in its Mexican subsidiary Privalia Venta Directa, and its subsidiaries that own and operate the business through the platform known as “Privalia” in Mexico.

• Cointer Concesiones México and Sociedad Michoacana de Constructores on the sale of their joint participation in the capital stock of Concesionaria de Autopistas de Michoacán to Fibra Vía, an energy and infrastructure investment trust, controlled by Infrastructure Promoter and Operator.

• Mezcal Ojo de Tigre (“ODT”) and its existing shareholders (through a Mexican Control Trust incorporated for such purposes) in the acquisition by Pernod Ricard México of a 40% equity participation in ODT, through a capital increase and purchase of shares of the existing shareholders.

• Casa Montelobos, Mezcal Montelobos® producer and Licorera Ancho Reyes, Ancho Reyes® chili liquor producer, in the sale of their 100% capital stock in two tranches to Campari, a major spirit brand owner and distributor.

• Abasolo Distillery and Winery and its existing shareholders in the acquisition by Pernod Ricard México of a 49% equity participation in Abasolo. The transaction also included the negotiation and execution of the documents applicable to the joint venture between Pernod Ricard and Abasolo's original shareholders.

• Grupo Financiero Banorte in reaching an agreement to acquire, through merger, Grupo Financiero Interactions. The acquisition included the banking, broker-dealer, insurance and asset manager subsidiaries of Grupo Financiero Interactions. Grupo Financiero Banorte has become the second-largest banking financial group in Mexico, and the country's largest infrastructure lender. Value: USD 1.4 billion.

• Asset Administration and Sale Agency (Property Management and Disposal Service or SAE) in the design and implementation of the procurement process for the sale of nine sugar mills that together represented 22.2% of the Mexican sugar production market. The deal is considered one of the most important commercial transactions in SAE's history.

• Nestlé México in the sale of its ice cream business in Mexico to Grupo Herdez, a publicly traded company in the Mexican Stock Exchange and one of Mexico's food manufacturing and distribution leaders. The transaction was subject to antitrust approval by the Mexican Economic Competition Commission. Value: USD 80 million.

• Panasonic Corporation in the acquisition of a stake in Hussmann Corporation, a Missouri-based manufacturer of refrigerated display cases and systems, from Clayton, Dubilier and Rice LLC, representative company of Hussmann Parent Inc.'s shareholders. Value: USD 1,545 billion.

Lending

Advised:

• Cargill Financial Services International on a financing package it provided to Altos Hornos de México (AHMSA), one of the largest steelmakers in Mexico. The financing consisted of an advance on receivable accounts and a revolver, which was used to pay off existing creditors. Value: USD 575 million.

• The Bank of Nova Scotia as lender and lead arranger in a loan facility granted to International Ceramics, a wall and floor tiles Mexican company, guaranteed by borrower's subsidiaries, guaranteed by some of Interceramic's subsidiaries. The proceeds of the loan were used for the refinancing of existing indebtedness and for general corporate purposes. Value: USD 30 million.

Projects

Advised:

• Altán Consortium on its winning bid to build and operate a mobile 4G network, which will be one of the largest Mexican telecom infrastructure projects during President Peña Nieto's administration. The Red Compartir network is set to cover more than 92 percent of Mexico's population, exceeding the 85 percent minimum coverage outlined in the auction, and will become operational for part of the population in early 2018. Value: USD 7 billion.

• BlackRock in structuring and setting up an investment vehicle funded with US$70 million contributed by the Mexican trust issuer of notes denominated development capital certificates (CKDs) managed by I Cuadrada, an entity recently acquired by BlackRock.

Acquisition Finance

Advised:

• Concessoc 31 SAS, a subsidiary of VINCI, in the negotiation and execution of a credit and guarantee agreement with Banco Inbursa, HSBC Mexico, and Scotiabank, which was crucial for the acquisition of a 29.9% stake in Grupo Aeroportuario del Centro Norte (OMA) from Fintech Advisory. Value: MXN 8.75 billion.

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