Fernando Vázquez-Chelius Solís

Associate, Mexico City

Biography

Overview

Mr. Vázquez-Chelius is engaged in the mergers and acquisitions and financing practice in Mexico.

Fernando's M&A practice focuses on domestic and cross-border M&A and private equity transactions, with an emphasis on regulated industries.

Additionally, Fernando advises financial institutions and companies on complex financing transactions, including structured finance deals, acquisition financings, syndicated and bilateral loans, bridge loans, private equity financings, and debt restructurings.

Fernando joined White & Case’s New York office as a visiting associate in 2014. During his stay at the New York office, he was involved primarily in capital markets transactions, focusing in high yield offerings – following Regulation S and Rule 144A – and initial public offerings of Latin American issuers.

Bars and Courts
Authorized to practice law in Mexico
Education
LLM
Master of Laws
Columbia Law School
Attorney at Law (Abogado)
Instituto Tecnológico Autónomo de México
Languages
Spanish
English

Experience

  • CDPQ – Sanfer. Advised Caisse de Dépôt et Placement du Québec (CDPQ) in its USD $500 million minority investment in Invekra, S.A.P.I. de C.V. (Sanfer), an independent holding company of pharmaceutical companies in Latin America. The investment – one of the largest minority private equity transactions in Mexico – will enable Sanfer to accelerate its growth, both organic and through further acquisitions, across Mexico and Latin America. As part of the transaction, General Atlantic sold to CDPQ a portion of its interest in Sanfer, while retaining a significant minority stake in the company. CDPQ is a long-term institutional investor that manages funds primarily for public and para-public pension and insurance plans.
  • CMR – Suhi Itto. Advised Mexican restaurant operator CMR, SAB de CV on the purchase of Grupo Dasi and its associated businesses in a cash and stock deal. Grupo Dasi, based in Mexico City, runs the Sushi Itto restaurant chain, consisting of more than 140 sushi eateries across 20 states in Mexico. It also owns food producer and supplier Novalimentos, which serves more than 2,000 establishments. CMR operates eateries in Mexico under various brands including Chili’s, Olive Garden, Red Lobster and Nescafe.
  • Pemex – Refinery. Advised Pemex in structuring a JV with a private consortium, in order to own, construct and operate a delayed coker unit located within Pemex’s Miguel Hidalgo refinery. This was the first joint venture entered by Pemex in the Mexican downstream sector and, if completed, would significantly increase the refinery’s diesel and gasoline output. The project was valued in approximately US$3 billion. Pemex selected its partner after following a private competitive bidding process with oil majors and some of the leading international private funds. In addition, of advising Pemex throughout the bidding process, we drafted and negotiated the JV, offtake and O&M agreements for this project.
  • Credit Suisse – AlphaCredit. Advised a special purpose vehicle incorporated by Credit Suisse (“CS”), in connection with a MXN$600 million subordinated secured acquisition financing facility to finance part of the purchase by AlphaCredit Capital, S.A.P.I. de C.V. SOFOM, E.N.R. (“AlphaCredit”) of 100% of the shares of Prestaciones Finmart, S.A.P.I. de C.V., SOFOM, E.N.R and subsidiaries. AlphaCredit is a leading non-regulated financial institution with a special focus on payroll deduction lending to government employees in Mexico. There was significant scarcity value on this trade, as it was one of the largest potential consolidation plays in the payroll deduction lending industry, positioning AlphaCredit as the second largest payroll deduction lender in the country.
  • Credit Suisse – IRL Holding. Advised CS in connection with a MXN$500 million secured acquisition financing facility to finance the purchase by IRL Holding, S.A.P.I. de C.V (“IRL Holding”) of 100% of the shares of Sekura Asesores, S.A.P.I. de C.V.ILR Holding is a leading insurance and surety broker in Mexico. The transaction allowed IRL Holding to acquire one of the top 3 surety brokers in Mexico.
  • Credit Suisse – Engenium. Advised CS in connection with a MXN$600 million secured financing facility Engenium Capital, one of the leading independent asset-based finance companies in Mexico, focused primarily on equipment finance solutions. Engenium Capital is the rebranded successor to the equipment finance business of GE Capital Mexico. The proceeds of the facility where used to finance Engenium’s portfolio origination.