Overview

Jorge Olivares Fuentes is an associate in Mayer Brown’s Mexico City office and is a member of the M&A, Banking and Finance practice. Jorge is an integral part of the legal team and assists with projects and research regarding general M&A, corporate, regulatory, financial and foreign investment issues relating to business structures and investments in Mexico. He has been involved in multinational acquisitions of Mexican companies, project financing and asset-based lending facilities. Jorge also has experience in cross-border transactions and has advised clients, drafting various agreements regarding financial structures, and matters related to financial services regulatory and compliance under Mexican law.

Spoken Languages

  • English
  • German
  • Spanish

Experience

  • Participated in the team that represented certain U.S.-based financial group, as borrower, in a US$100 million loan. The collateral package includes pledge agreements on assets and equity interests and a guaranty, administration and source of payment trust to which underlying loan agreements originated by the borrower were contributed, including the underlying guarantees.
  • Representation of CLSPIII Fund, as lender, in a US$4 million loan granted to a leading company in the distilled beverage business. The facility was secured by a pledge of shares and included a promissory note.
  • Participated in the incorporation of CLSPIII Fund as an Investment, Management and Business Activities Trust with Banco Actinver, as trustee, a certain entity of Grupo Casa Lumbre, as General Partner, and different investors, as Limited Partner. The transaction also included a capital raise from different limited partners for approximately US$45 million from different Mexican and foreign investors. The funds contributed to the Fund will be used by the General Partners as investment in different spirits beverage projects and companies.
  • Part of the team that represented L Catterton in the acquisition of a 32% equity interest in Crediclub, S.A. de C.V., S.F.P. The closing of the transaction is subject to the approvals of the National Banking and Securities Commission and the antitrust agency in Mexico.
  • Representation of Licores y Destilados Gran Malo, S.A.P.I. de C.V., producer and distributor of Licor Gran Malo, and its existing shareholders in the acquisition by Productos Finos de Agave, S.A. de C.V. of a minority stake in the Company.
  • Representation of Goldman Sachs Bank USA in the Whole Loans purchase to Red Amigo DAL, S.A.P.I. de C.V., SOFOM, E.N.R. ("Konfío"), a Mexican financial services company (Fintech) for small and medium-sized companies.
  • Representation of Banco Santander, S.A. (Spain) in the factoring agreement entered into with a leading telecommunications company.
  • Participated in the team that advised MUFG Bank, LTD, in the risk assessment due diligence for receivables factoring transactions in México, delimiting the applicable national regulatory framework.
  • Representation of Bulkmatic de México, S. de R.L. as borrower in a US$93.5 million syndicated loan, the proceeds of which were used for working capital and refinancing.
  • Part of the team that advised Goldman Sachs Bank USA on the structure of an asset-backed securitization transaction of diversified payment rights (DPR) originated by future flows as a financing alternative for a financial institution as Originator.
  • Participated in the team that represented Goldman Sachs International Bank in a US$25 million Secured Loan granted to NuBn Servicios Mexico, S.A. de C.V (NuBank Mexico) as borrower and other affiliates as guarantors. The Credit Agreement is governed under New York law and include Mexican promissory notes.
  • Participated in the team that advised Goldman Sachs Bank USA in the financial services regulatory compliance assessment under Mexican law of PayClip, S. de R.L. de C.V., a company part of the payment processing network (Redes de Medios de Disposición) in Mexico. This activity includes the agreements, protocols, instruments, interfaces, rules, systems, infrastructure and other related elements that are jointly regulated by the National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores) and the Mexican Central Bank (Banco de México).
  • Representation of Scotiabank, as lender, in a MXN$400 million senior loan granted to MXT Tucan Towers, S.A.P.I. de C.V. The funds will be used for the acquisition by the borrower of telecommunication towers in Mexico.
  • Participation in the team that advised Ryan Specialty Group on the update of administrative measures undertaken by the National Insurance and Bonding Commission (Comisión Nacional de Seguros y Fianzas) derived from COVID-19 ("Covid-19 International Insurance Regulatory Actions").

Education

Escuela Libre de Derecho, Attorney-at-law with honors for the Thesis

Admissions

  • Mexico