Francisco García-Naranjo González is a partner in Mayer Brown's Mexico City office and a member of the Banking & Finance practice. He advises on mergers and acquisitions, banking, corporate law, corporate governance and joint ventures. Clients also seek his knowledge and experience in financial regulatory matters and financial and foreign investment transactions.
Francisco is a market leader in obtaining regulatory authorizations for the establishment, operation, and mergers and acquisitions of financial institutions in Mexico, including banks, financial groups, asset managers and retirement fund managers (Afore).
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 to his recognition for leadership in the financial sector, the magazine 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.
- Represented L Catterton in the acquisition of a 32% equity participation in Crediclub, S.A. de C.V., S.F.P. Closing of the transaction is subject to approvals from the National Banking and Securities Commission and the antitrust agency in Mexico.
- Represented APJusto, S.A.P.I. de C.V., SOFOM. E.R. and Justo Lease, S.A.P.I. de C.V., and several of its subsidiaries and affiliates, in the restructuring of an existing loan facility with Goldman Sachs Bank USA to finance the acquisition of lease and loan portfolio acquired by APJusto, S.A.P.I. de C.V., SOFOM. E.R. and Justo Lease, S.A.P.I. de C.V. from Crédito Real.
- Represented Proteak UNO, S.A.B. de C.V., one of the main producers of teak and eucalyptus timber in Mexico, and several of its affiliates and subsidiaries, as borrowers, in the refinancing of an existing credit facility with International Finance Corporation (IFC) and Société de Promotion et de Participation Pour la Coopération Économique (PROPARCO).
- Representation of Casa Lumbre in the elaboration of an Option Agreement and other ancillary documents for the construction, operation and sale of a Mezcal production facility for Del Maguey Brand in Atlixco, Puebla.
Most recent representative transactions (while at his previous employment) include:
- Represented Newmont Mining Corp., a gold and copper producer based in the United States with operations worldwide, on its US$10 billion acquisition of Goldcorp Inc., a Canadian senior gold producer (2019).
- Represented Investindustrial VI a leading European private equity firm, in the acquisition of Jupiter Holding I Corp., a global manufacturer of premium spas, swim spas, whirlpool, soaker and walk-in bathtubs and related products (2019).
- Represented Imperia Intercontinental, the majority shareholder of Banco Cuscatlan, in its acquisition of the banking and insurance business of The Bank of Nova Scotia in El Salvador (2019).
- Represented BlackRock Inc. in its acquisition of the asset management business of Citibanamex, a subsidiary of Citigroup Inc. and the execution of a distribution agreement under which Citibanamex will distribute certain investment products offered by BlackRock. The transaction involves approximately US$31 billion in assets under management (2018).
- Represented Principal Afore, a pension fund manager and subsidiary of Principal Financial Group Inc. (PFG), in its full ownership acquisition of MetLife Afore. MetLife, Inc.'s pension fund management business in Mexico (2018).
- Advised KEB Hana Bank, the largest banking institution in South Korea, in the process of obtaining a license to incorporate a subsidiary multiple banking institution in Mexico. The authorization was granted by the Board of Governors of the Mexican National Banking and Securities Commission with the favorable opinion of the Central Bank. This is the second license granted to a Korean bank to establish a banking subsidiary in Mexico. It is expected that KEB Hana Bank Mexico will commence operations in 2019. (2017)
- Represented Proteak Uno, one of Mexico's leading companies in the forestry industry, as borrower on US$65 million parallel loan facilities from lenders International Finance Corporation and Société de Promotion et de Participation Pour la Coopération Économique. The proceeds of the loans will be used to develop 10,000 new hectares of teak and eucalyptus plantations and to pay off debt. (2017)
- 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. (2015)
- Lead the international team that represented Bank of China, 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 second license granted by the Mexican Government to a Chinese bank. It is also the second 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. (2015)
- Following 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. (2015)
- 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. (2015)
- 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. (2014)
- Lead 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. (2014)
- 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. (2013).
Universidad Nacional Autónoma de México, Bachelor of Law