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José Raz Guzmán is Co-Chair of the firm's Latin America Practice and the Managing Shareholder of the Mexico City office. He focuses his practice on financial and M&A transactions. He works with issuers, underwriters and investors in public and private offerings of sophisticated investment vehicles including equity, debt, structured instruments, FIBRAs, CKDs, SPACs, green bonds and securitizations.

José is recognized by international legal publications as a top-tier attorney in Mexico in the Capital Markets and Banking and Finance practices.

Concentrations

  • Banking and finance
  • Capital markets
  • Mergers and acquisitions
  • Real Estate

Capabilities

Experience

  • Representation of a syndicate of banks in a $11,000 million Pesos refinancing credit facility granted to an international pharmaceutical company secured by real estate properties and trademarks.
  • Representation of Concentradora Hipotecaria (FHipo), manager of the first Mexican mortgage real estate investment trust, in a mortgage loan securitization for a total amount of $3,362.8 million Pesos. This is the first securitization of its kind, including in a single issuing trust mortgage loans portfolios of the largest mortgages originators in Mexico, INFONAVIT (the National Workers’ Housing Institute Fund) and FOVISSSTE (Housing Fund of the Institute of Social Security and Social Services for State Employees).
  • Representation of BBVA Bancomer, S.A., Institución de Banca Múltiple, Grupo Financiero BBVA Bancomer, Banco del Bajío, S.A., Institución de Banca Múltiple, Banco Monex, S.A., Institución de Banca Múltiple, Monex Grupo Financiero, and Banco Regional de Monterrey, S.A., Institución de Banca Múltiple, Banregio Grupo Financiero in a MXN$1.1 billion pesos syndicated loan facility to a leading real estate developer company in Mexico.
  • Representation of Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander in a MXN$2 billion pesos warehousing line of finance granted to the Mortgage Trust “FHipo” -the first mortgage real estate investment trust in Mexico specialized in the acquisition, origination and management of mortgage loans portfolios-, for the acquisition and origination of mortgage loans portfolios.
  • Representation of an institutional investor in the negotiation of a secured loan used to finance the construction of two industrial properties in Ciudad Acuña, Coahuila.
  • Representation of the administrative agent and the lender banks in a MXN$1,094 million syndicated secured term loan in favor of a Mexican pharmaceutical company.
  • Representation of a Mexican bank in a MXN$100 million loan in favor of a Mexican commercial property owner and developer secured by an industrial mortgage over two shopping centers, a pledge over the shopping centers proceeds that will be managed by a trust and a pledge over the owner’s capital stock.
  • Representation of a Mexican non-bank bank SOFOM (Sociedad Financiera de Objeto Múltiple), in a bilateral secured loan facility to a leading limited-service hotel chain in Mexico for the construction of a hotel in Playa del Carmen, Quintana Roo, Mexico.
  • Representation of Instituto del Fondo Nacional de la Vivienda para los Trabajadores (INFONAVIT, the Mexican national housing agency) and Concentradora Hipotecaria (FHipo), manager of the first Mexican mortgage real estate investment trust, in a joint mortgage loan securitization for a total amount of 4,230 million pesos.
  • Participated as counsel to a syndicate of banks in the financing for the construction of a toll road.°
  • Participated as counsel to a syndicate of banks and BBVA Bancomer, as administrative agent, in the financing granted to Alsea, S.A.B. de C.V., for the acquisition of Food Service Project, S.L., a company which directly and through its subsidiaries operates in Spain the chains of restaurants "Foster’s Hollywood," "Domino’s Pizza," "Burger King," "La Vaca Argentina," "Cañas y Tapas" and "Il Tempietto."°
  • Participated as counsel to a syndicate of banks and Banco Nacional de México (Banamex), as administrative and collateral agent, in the $8.2 billion Pesos (approximately $630 million) financing granted to Alsea, S.A.B. de C.V., for the acquisition of the restaurant chains Vips, El Portón, Ragazzi and La Finca.°
  • Participated as counsel to Merrill Lynch Pierce Fenner & Smith Inc. in a $125 million bridge loan to Aeroinvest, S.A. de C.V.°
  • Participated as counsel to Banco Santander (México) and Banco Nacional de México (Banamex) in connection with a syndicated loan facility to a leading steel manufacturer in Mexico in the amount of $120 million for the construction and equipment of a new mill.°
  • Participated in several securitizations of different types of assets, including mortgage loans, bridge loans, receivables and dividends.°
  • Representation of the lead underwriters, Banco Santander, BBVA Mexico and Banorte, in connection with the initial public offering (IPO) of Fibra SOMA, the Mexican REIT established by Grupo Sordo Madaleno, a leading commercial property developer and operator in Mexico. It is the first REIT to be listed in Mexico’s Institutional Stock Exchange (BIVA).
  • Representation of BNP Paribas, Morgan Stanley, BBVA, JP Morgan, and BofA Securities as underwriters in the offering by América Móvil, S.A.B. de C.V. of US$ 1 billion 2.875% senior notes due 2030. The offering was a SEC-registered takedown, and the notes will be listed on the New York Stock Exchange.
  • Representation of Citigroup, Morgan Stanley, Barclays and Merrill Lynch as intermediaries in the dual-tranche offering by América Móvil, S.A.B. de C.V. of U.S.$1.0 billion 3.625% Senior Notes due 2029 and U.S.$1.25 billion 4.375% Senior Notes due 2049. Both offerings were SEC-registered takedowns, and the notes were listed on the New York Stock Exchange.
  • Representation of the group of initial purchasers and underwrites (Barclays Bank PLC, Merrill Lynch International, J.P. Morgan Securities plc, UBS AG London Branch, Banco Santander, S.A., UniCredit Bank AG) in the offering by América Móvil, S.A.B. de C.V. of €1,000,000,000 0.750% Senior Notes due 2027. The offering is a SEC-registered takedown, and the notes were listed on the Official List of the Luxembourg Stock Exchange for trading on the Euro MTF Market.
  • Representation of Evercore, Banorte and BTG as joint bookrunners in the RLH Properties, S.A.B. de C.V. initial public offering. RLH is the first small cap company to go public as SAB, listing approximately 86 million shares equivalent to more than 30% of its capital stock.
  • Representation of ION Financiera, S.A.P.I. de C.V., SOFOM, E.R. in the establishment of a Mexican commercial paper program for a total amount of MXN$200 million and their first debt issuance in the Mexican Stock Exchange.
  • Representation of the several underwriters in the purchase of €850,000,000 1.500% Senior Notes due 2024 and €650,000,000 2.125% Senior Notes due 2028 offering by América Móvil, S.A.B. de C.V.
  • Participated as counsel to Morgan Stanley, Citigroup, Bank of America Merrill Lynch, Acciones y Valores Banamex (Accival) and Actinver, as underwriters, in connection with the initial public offering and a follow on by Hoteles City Express, S.A.B. de C.V. of 71,000,000 shares in the Mexican stock exchange and other international markets.°
  • Participated as counsel to Bank of America Merrill Lynch, BBVA Bancomer and Santander, as underwriters, in connection with the international secondary public offering of 60 million shares of Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. by Aeroinvest, S.A. de C.V.°
  • Participated as counsel to Citigroup Global Markets Inc., Banca IMI S.p.A., BBVA Securities Inc., Mitsubishi UFJ Securities (USA), Inc. and Mizuho Securities USA Inc., as underwriters, in connection with the issuance by América Móvil, S.A.B. de C.V. of US $750 million Floating Rate Senior Notes due 2016.°
  • Participated as counsel to the lead institutional investors in 15 publicly listed fund (CKD) transactions.°
  • Participated in one publicly listed fund (CKD) transaction as counsel to the sponsor and in another transaction as counsel to the underwriter.°
  • Participated as counsel to Goldman Sachs & Co. in connection with the issuance by Grupo Atento of US $300 million Senior Secured Notes due 2020.°
  • Represented underwriters in connection with initial public offering of Volaris.°
  • Represented underwriters in connection with initial public offering of Rotoplas.°
  • Represented PINFRA in equity follow on offering.°
  • Representation of DD3 Acquisition Corp., a publicly-traded special purpose acquisition company (SPAC), in its business combination with Betterware.
  • Representation of a renowned Mexican lubricants and automotive fluids manufacturer in a joint venture with a British oil company for the distribution and sale of products in Mexico.
  • Representation of Colombian group Keralty, in the negotiation and drafting of a joint venture agreement with French insurance group AXA Seguros, for the development of a health clinic network to provide primary care services to policy holders in Mexico and improve the quality, geographical coverage and cost thereof.
  • Representation of a gaming industry company in the acquisition of the gaming unit of a large Mexican mass media conglomerate.
  • Representation of an Israel-based pharmaceutical company in its $2.3 billion acquisition of a Latin American drugmaker, along with a portfolio of products and companies, intellectual property, assets and pharmaceutical patents in Latin America and Europe.
  • Representation of Advent International in the investment in a Mexican financial group holding company.
  • Representation of a seller constituency in the sale of the exclusive importer and distributor of high-end luxury automobiles in Mexico.
  • Representation of a Mexican insurance and bonding broker in the sale of a majority stake to a corporate conglomerate in the insurance sector.

°The above representations were handled by Mr. Raz-Guzmán prior to his joining Greenberg Traurig, S.C.

Recognition & Leadership

  • Listed, Chambers Global and Chambers Latin America
    • Banking & Finance (Mexico), 2015-2022
    • Capital Markets (Mexico), 2015-2022
    • Corporate/M&A (Mexico), 2015-2022
  • Listed, The Legal 500 Latin America Guide, 2021
    • Leading Lawyers - Latin America: International – Banking & Finance; Capital Markets, 2021
    • Latin America: Mexico – Corporate & M&A, 2021
  • Listed, Latin America Corporate Counsel Association, LACCA Approved, 2021 - 2022
    • Capital Markets
    • Corporate M&A
  • Listed, IFLR1000, "Highly Regarded," Capital Markets: Structured Finance and Securitisation, Private Equity, M&A, 2019-2021
  • Listed, Best Lawyers Mexico, 2008 - 2021
    • Aviation Law
    • Banking and Finance Law, “Lawyer of the Year 2018”
    • Capital Markets Law, “Lawyer of the Year 2017, 2019”
    • Corporate and M&A Law
    • Financial Institutions, “Lawyer of the Year 2021”
    • Real Estate Law, “Lawyer of the Year 2015”
    • Structured Finance Law, “Lawyer of the Year 2012, 2016”
  • Selected, Latin Lawyer, "Latin Lawyer 250 - Practice Recognition: Banking & Finance," 2020

 

Credentials

Education
  • LL.M., University of Virginia School of Law, 1988
  • J.D., Universidad Nacional Autónoma de México Law School, 1987
Admissions
  • Mexico
Languages
  • Spanish, Native
  • English, Fluent
  • French, Fluent