Overview

Sofia Duclaud Llantada is an associate in Mayer Brown’s Mexico City office and concentrates her practice in M&A, banking and finance. Her experience includes complex secured and unsecured syndicated credit facilities and leveraged acquisition financings as well as M&A deals involving both national and international clients. 

Sofia has actively represented various foreign companies and investors in the sale or acquisition of their interests and business assets in Mexico, and she also regularly handles corporate governance, financings and other related work. 

Prior to joining Mayer Brown, Sofia worked for 5 years at a prominent international law firm. She graduated with honors from Instituto Tecnológico Autónomo de México (ITAM) and is a licensed lawyer in Mexico. 
 

Experience

  • Represented BAS Projects Corporation, a Spanish developer and sponsor of renewable power generation projects, in the sale of a 75% interest in two operating photovoltaic generation plants located the state of Chihuahua, Mexico, with an aggregate capacity of 67MW to Mexico Infrastructure Partners, a Mexican investment fund that actively participates in the development and financing of energy and infrastructure projects. The deal involved stock purchase and the acquirer granting subordinated loans to the Projects' SPVs, from where funds were used to pay capital and interests on a previous loan granted by the BAS.
  • Represented Banco Sabadell as administrative agent, security agent, arranger and lender and Scotiabank Mexico as lender, in a MXN$1 billion loan facility provided to Mexico Tower Partners, S.A.P.I. de C.V.
  • Represented Alloy in a mezzanine loan to Fidelity for USD$7 million. The financing was done through two credit agreements (one was convertible) and with a warrant to be granted in case of repayment of the convertible credit agreement, for up to 3.5% of equity of Fidelity

Most recent representative transactions (while at her previous employment) include:

  • Scotiabank – Interceramic Refinancing, 2018: Leading associate in the representation of The Bank of Nova Scotia, as lender, and lead arranger, in a USD$30 million loan facility granted to Internacional de Cerámica, S.A.B. de C.V. The proceeds of the loan were used for the refinancing of existing indebtedness and for general corporate purposes.
  • Representation of ConCrédito on the sale of an equity stake in FinUtil, S.A. de C.V., SOFOM, ENR to Gentera, S.A.B. de C.V. (an international entrepreneurial banking group focused on the financial inclusion of low-income individuals) for MXN 2,613 million (US$130 million). FinUtil is a Mexican non-bank bank focused on granting loans through a network of individuals who act as distributors, who in turn grant loans to low-income individuals. The acquisition involved an initial participation of 36.8 percent in FinUtil and a convertible debt portion in the next two years under which Gentera may acquire control over ConCrédito.
  • Representation of Bolsa Institucional de Valores, S.A. de C.V. (BIVA) during the complete process to obtain from the Ministry of Finance and Public Credit (SHCP) a concession title to operate a Stock Exchange, which was published on August 29, 2017. The representation included regulatory advice, focused on the fulfillment of the legal requirements mandated by the Securities Law to obtain the title, including the preparation of internal regulations corporate documents and filings of information. Additionally, participated in the representation of BIVA’s parent company, Central de Corretajes, S.A.P.I. de C.V. (CENCOR) on a minority equity investment in Cencor of MXN 450 million by LIV Capital, a Mexican private equity fund, in order to fulfill the capital requirement in BIVA mandated by the SHCP. BIVA is the second Stock Exchange authorized in Mexico.
  • Represented Altán Redes, the first Mexican wholesale shared mobile network, in the negotiation and implementation of an industrial partnership agreement with both Axtel and Mega Cable (two of the most prominent Telecom companies in Latin America) for the design, installation, operation, maintenance and commercialization of a nationwide 700 MHz LTE wholesale shared network and for the exploitation of two optical fiber strands assigned by the Federal Power Commission (Comisión Federal de Electricidad).
  • Represented Altán Redes, in negotiating each of the master tower lease agreements entered into by Altán, as lessee, and several Mexican tower companies (including American Towers, MTP, Centennial, and Uniti Towers) as lessors, pursuant to which Altán shall install telecommunications equipment in each tower.
  • Represented Grupo AliadaMX, a Mexican startup with an innovative concept of social welfare, an online platform that allows single mothers to have a better life and better opportunities, while becoming independent entrepreneurs by providing cleaning services (the aliadas) through the platform, in the round of capital investment by PSM, a sustainable social investor, Fiinlab, an innovation laboratory of Gentera the purpose of which is to create new business models for financial inclusion, certain innovative individual investors, as well as private equity funds Dila Capital, Capital Invent, and Variv.
  • Represented the Altán Consortium, a 10-company consortium led by Morgan Stanley Infrastructure, the International Finance Corporation and Grupo Multitel, (a Madrid based telecommunications firm) in connection with its bid in Mexico's historic international public tender process for the development and deployment of a shared wholesale telecommunications' services network (Red Compartida). This project is considered to be the largest telecoms project within the Administration of President Peña Nieto and one of the largest telecom projects in the history of Mexico. This deal was selected as the Telecom Latin America Deals of the Year 2017 by IJGlobal.
  • Leading associate in the representation of BBVA Bancomer, as administrative agent, lead arranger, security agent and lender and Scotiabank Inverlat, as lender and lead arranger, in an MXN$900 million (US$50 million) syndicated loan facility granted to a business trust. The proceeds of the loan were used for the refinancing of the construction of the stadium of Monterrey FC soccer club in Mexico.
  • Represented Scotiabank Inverlat, as administrative agent, sole lead arranger, security agent and lender in a US$ 90 Million syndicated fixed asset loan facility granted to Ragasa Industrias and Ragasa Inmuebles, one of the leading producers of cooking oil and other related products in Mexico under the brand "Nutrioli" among others. The facility involves an initial disbursement of US$30 million, with the possibility to increase the facility for an additional amount of up to MXN$ 987 Million (US$60 Million). The proceeds of the loan will be used to build a new Refinery Plant and Mill, assets that have been granted as security for the loan.
  • Represented Scotiabank Inverlat, as administrative agent, sole lead arranger, security agent and lender in a US$ 90 Million syndicated fixed asset loan facility granted to Ragasa Industrias and Ragasa Inmuebles, one of the leading producers of cooking oil and other related products in Mexico under the brand "Nutrioli" among others. The facility involves an initial disbursement of US$30 million, with the possibility to increase the facility for an additional amount of up to MXN$ 987 Million (US$60 Million). The proceeds of the loan will be used to build a new Refinery Plant and Mill, assets that have been granted as security for the loan.
  • Represented Blockbuster L.L.C., a wholly-owned subsidiary of DISH Network Corporation, in the sale of its subsidiary, Blockbuster de México, to certain affiliates of Mexican conglomerate Grupo Salinas.

Admissions

  • Mexico