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Mariana Montemayor practice includes, among others, implementation and development of infrastructure and energy projects, public procurement, corporate law and securities law.
Mariana joined White & Case in September 2012. She is an associate in the Firm's Energy, Infrastructure, Project and Asset Finance group in Mexico City. Mariana has also participated with the M&A group in several due diligence reviews regarding corporate matters, industrial property and real state.
Represented the Mexican Asset Administration and Sale Agency (Servicios de Administración y Enajenación de Bienes, or SAE) in the design and implementation of the sale procurement process for the sale of nine sugar mills that represent 22.2% of the Mexican sugar production market. The first procurement process culminated with the issuance by SAE of the award in favor of two bidders to assign two portfolios including four sugar mills. The second procurement process concluded successfully, despite the complex litigation and combative legal actions challenging the process. SAE awarded three contracts for a total aggregate amount of approximately US$201 million for the sale of three sugar mills purchased by three different bidders. Despite severe legal complexities, the final auction price was 50 percent higher than the initial reference price. The awarded portfolios represent one of the most important commercial transactions in SAE's history.
Represented Comisión Federal de Electricidad (CFE) in the seventh issuance (CFE 15) and the first reopening of the sixth issuance (CFE 14-2) of CFE's debt certificates (certificados bursátiles) under its MXN 100 billion (approximately US$6.5 billion) program as recurrent issuer registered in Mexico and authorized by Mexico's National Banking and Securities Commission (CNBV). The aggregate amount of both issuances was MXN 10 billion (approximately US$650 million).
Represented Comisión Federal de Electricidad (CFE) in a consent solicitation offer to Trust Bond Holders (the Holders) related to three of the Debt Programs sponsored by CFE. A consent solicitation fee of 15 basis points was offered to the Holders in order to obtain their consent to amend a covenant in the underlying financing documents to adjust such covenant to certain provisions of the Mexican Energy Reform.
Helped the team that represented BlackRock and First Reserve in (i) their acquisition of 45 percent of TAG Pipelines Sur, a company incorporated as a joint venture between PEMEX and GDF Suez, which is currently developing the Ramones Phase II South Natural Gas Transportation System, which will comprise a new natural gas pipeline of circa 291.5 km in length and 42 inches in diameter; and (ii) their acquisition of 45 percent of TAG Norte Holding, a company incorporated as a joint venture between PEMEX and Sempra's Mexico unit (IEnova), which is currently developing the Ramones Phase II North Natural Gas Transportation System, which will comprise a new natural gas pipeline of circa 441 km in length and 42 inches in diameter.