Biography
Germán R. Macías is an associate whose practice focuses on complex mergers and acquisitions in regulated industries and high-stakes antitrust matters, including merger control, government investigations and multi-jurisdiction enforcement proceedings. He regularly advises public and private companies, private equity sponsors and strategic investors on antitrust risk assessment, transaction structuring and global clearance strategy for domestic and cross-border transactions.
Germán has more than a decade of experience advising clients across the United States and Mexico on the full spectrum of competition issues, including pre-merger notifications, Second Requests and in-depth investigations, merger challenges, gun-jumping, and cartel and monopolization investigations. He works closely with deal teams and business stakeholders to develop practical, risk-based solutions that align regulatory strategy with commercial objectives. Clients rely on Germán for clear, pragmatic guidance through complex regulatory landscapes, and for developing strategies that minimize execution risk and drive transactions efficiently to closing.
His practice spans a broad range of industries, including energy and infrastructure, technology and digital platforms, healthcare and life sciences, financial services and fintech, mining and industrials. He also advises clients in sensitive regulatory contexts, including distressed asset sales and transactions involving enhanced government scrutiny.
Germán brings a distinctive regulator's perspective to his client work. Prior to joining White & Case, he served as an investigator with the Investigation Authority of Mexico's antitrust Agency, where he conducted dawn raids, gathered evidence, examined witnesses and helped develop enforcement actions in cartel and abuse of dominance cases. He later worked with the Antitrust Bureau of the Office of the New York State Attorney General, participating in complex investigations in the pharmaceutical, e-commerce and live entertainment sectors. This experience enables him to anticipate agency concerns and navigate investigations and clearance processes efficiently and strategically.
Germán has worked from both the New York and Mexico City offices and regularly coordinates with multi-jurisdiction teams on cross-border matters.
Experience
Most recent representative transactions include:
Financial Institutions & Fintech
- Grupo Financiero Banorte — Advised on COFECE clearance for its merger with Grupo Financiero Interacciones, one of the most significant consolidations in the Mexican banking sector.
- BlackRock — Represented BlackRock in obtaining antitrust clearance for its acquisition of the mutual fund business of Citibanamex, enabling entry into Mexico's regulated asset management market.
- Consubanco — Advised on regulatory approval under Mexico's expedited banking resolution regime for the acquisition of a loan portfolio from Banco Ahorro Famsa.
- FINDEP — Represented FINDEP in the sale of its subsidiary Fisofo to Consubanco.
- Konfío — Advised Mexican fintech Konfío in securing unconditional antitrust clearance for its acquisition of Sr. Pago, supporting its growth into one of Mexico's leading SME financial platforms.
Technology, Media & Digital Platforms
- Shutterstock (NYSE: SSTK) — Represented Shutterstock in the negotiation and execution of its merger agreement with Getty Images (NYSE: GETY).
- Mediaocean — Represented Mediaocean in its acquisition of Innovid (NYSE: CTV), a leading connected-TV advertising platform.
- Gambling.com Group (NASDAQ: GAMB) — Represented Gambling.com in its acquisition of Odds Holdings (OddsJam).
Industrials, Automotive & Global Infrastructure
- Saudi Aramco — Advised on regulatory and closing matters related to its $69.1 billion acquisition of a 70% stake in SABIC, one of the largest global chemicals transactions.
- Faurecia (now Forvia) — Advised Faurecia in obtaining time-sensitive unconditional antitrust clearance for its acquisition of a 60% stake in HELLA, creating the world's seventh-largest automotive technology supplier.
- China Communications Construction Company — Advised on merger control matters in connection with its investment in Mota-Engil, also acting for the target company.
Energy, Infrastructure & Transportation
- Deriva Energy — Represented Deriva Energy in the negotiation and execution of definitive agreements for the sale of an approximately 833 MWdc (613 MWac) operating solar portfolio to Clearway Energy.
- Kansas City Southern (KSU) — Advised on Mexican merger control clearances (COFECE and IFT) for its sale to Canadian Pacific, creating the first U.S.–Mexico–Canada integrated rail network.
- Sempra Energy — Advised Sempra Energy in obtaining unconditional antitrust clearance for the ~$3.37 billion sale of a 20% stake in Sempra Global (now Sempra Infrastructure Partners) to KKR.
- CFE (Comisión Federal de Electricidad) — Represented CFE in its FIBRA E issuance, with securities listed on the Mexican Stock Exchange and distributed globally under Rule 144A/Reg S.
Healthcare & Life Sciences
- Elevance Health (NYSE: ELV) — Represented Elevance Health in its strategic partnership with Clayton, Dubilier & Rice (CD&R) to expand primary care delivery and healthcare innovation.
- CDPQ — Represented CDPQ in its US$500 million minority investment in Sanfer (Invekra), a leading Latin American pharmaceutical company, including a partial secondary sale by General Atlantic; one of the largest minority private equity transactions in Mexico.
Mining & Natural Resources
- Gatos Silver (NYSE/TSX: GATO) — Represented Gatos Silver and its Special Committee in its $970 million sale to First Majestic Silver.
- Newmont Corporation — Represented Newmont in the sale of a multi-jurisdictional portfolio of gold royalties across North America to Maverix Metals.
Global Antitrust, Merger Control & Foreign Investment
- Represented clients in cross-border antitrust and foreign investment proceedings, including merger clearances, in-depth antitrust and competition investigations, merger challenges, gun-jumping enforcement actions and remedies negotiations, before competition authorities and regulators globally.