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Francisco advises on corporate law, mergers and acquisitions, joint ventures and banking. Clients also seek his knowledge and experience in foreign investment transactions, project finance, public biddings, debt restructurings and bankruptcy proceedings.
Undaunted by scale or complexity, he has worked on a number of landmark and high profile deals, including the sale of Comex Mexico to PPG Industries, which was one of the largest M&A transactions in Mexico in 2014. Other major clients to have benefited from his representation in this area include ICBC, Shinhan Bank, Comex, Principal Financial Group, and Kansas City Southern.
Francisco is an undisputed market leader in obtaining regulatory authorizations for the establishment, operation and mergers and acquisitions of financial institutions in Mexico.
As both bank financing and bank regulatory counsel, Francisco has advised on precedent-setting mandates for the financial services sector in Mexico.
Francisco's track record and reputation have also led to his appointment as an independent director within several Mexican financial institutions, which have also called upon him to chair various committees.
Over the years, Francisco has acquired a reputation for being a well-rounded, transaction-oriented lawyer with unparalleled technical skills. Clients and peers regularly request Francisco's counsel in legal and business matters. Financial regulators often ask for Francisco's comments and views to drafts of new laws and regulations. Legal 500 recognizes Francisco's skills stating that he is noted for his "excellent relations with the relevant authorities". In addition, the magazine Law360 recently named Francisco among its list of "Rising Stars 360", which includes only 179 lawyers under 40 years worldwide, which were selected based on the achievements accomplished in their respective areas of practice.
Francisco represented Shinhan Bank Co., Ltd., the largest bank in South Korea, in the process of obtaining a license to incorporate a multiple banking institution in Mexico. This license is the first one granted to a Korean bank in Mexico.
Following our work with Consorcio Comex in the sale of the capital stock of Comex Mexico to PPG Industries, Inc., Francisco represented Consorcio Latinoamericano, S.A. and its shareholders in the acquisition of Comex Central America by PPG Industries, Inc. Consorcio Latinoamericano, operates a network of 57 paint stores across Central and South America.
Francisco represented Quanta Shares by Intercam, an affiliate of Intercam Grupo Financiero, as settlor and financial advisor in the public offering of two new domestic exchange traded funds (ETF) products (PSOTRAC and DLRTRAC) and their listing with the Mexican Stock Exchange.
Francisco represented Consorcio Comex and its shareholders in the US$2.3 billion acquisition of Comex Mexico by PPG Industries, Inc. The deal was one of the largest M&A transactions of the year in Mexico. This was a high-impact transaction that involved extensive negotiations, the complexity of which was compounded by a variety of contractual, antitrust and financial issues.
Francisco was part of the team which represented Azimut, Italy's leading independent asset manager, in a stock purchase agreement to acquire (subject to the satisfaction of certain conditions) 82.14 percent of Profie, a Mexican holding company controlling the entire equity capital of Más Fondos, Mexico's largest pure independent asset management distribution company. Concurrently, Azimut will sign an investment and shareholders agreement with the current management team of Más Fondos to develop the business in the future. Más Fondos distributes third-party funds and (as of May 31st, 2014) manages assets equivalent to Ps$7.1 billion (€404 million).
Francisco was part of the international White & Case team which represented ICBC, the world's largest bank by total assets, in obtaining a license to incorporate and operate a banking institution in Mexico. The authorization granted by the Board of Governors of the National Banking and Securities Commission of Mexico is the first-ever license granted by the Mexican Government to a Chinese bank. It is also the first ever license granted in Mexico to a foreign government (the government of the People's Republic of China), to own a controlling indirect participation in a Mexican banking institution.
Francisco was part of the White & Case team which represented The Bank of New York Mellon in the sale of its wholly-owned Mexican bank to CI Banco, S.A., Institución de Banca Múltiple, for US$65 Million.
Francisco was part of the White & Case team which represented Impulsora y Promotora BlackRock México, (BlackRock), a subsidiary of BlackRock Inc., the largest asset manager in the world, as administrative agent and investment manager in the public offering of a new domestic exchange traded fund (ETF) product (iShares S&P 500 Peso Hedged TRAC) and its listing with the Mexican Stock Exchange. This is the first ETF issued in the Mexican market which tracks a foreign ETF with exposure to foreign assets, and BlackRock's third offering of domestic ETFs in the Mexican market in 2014.
Francisco was part of the White & Case team which advised Grupo Fomento Queretano on its merger with Coca Cola Femsa. This strategic transaction, with a value of Ps 6,600 million, represented a significant expansion of Coca Cola Femsa's Mexican operations, allowing it to increase its participation in one of the leading sugar producers in the country.
Francisco was part of the White & Case team which advised a group of former top-tier officers of The Royal Bank of Scotland (RBS) on the acquisition of RBS' Mexican banking and broker-dealer subsidiaries. This transaction, worth MXN$650 million (roughly US$50 million), involved the purchase of all the shares representing the capital stock of these Mexican entities, through a special-purpose entity incorporated by the former officers and a larger group of investors. White & Case not only represented the former officers in the US law-governed Stock Purchase Agreement, but in the drafting and negotiation of various ancillary agreements and corporate documents required to complete the transaction. We also helped our clients to obtain the necessary clearance from the Mexican antitrust authority.