The 'skilled' and 'knowledgeable' group at Creel, García-Cuéllar, Aiza y Enríquez, S.C. garners client praise for its ability to 'add value in high-stakes transactions' and 'resolve high-pressure situations'. The team has substantial experience advising underwriters, issuers, liquidity providers, pension funds and rating agencies on a range of capital markets transactions. Particular areas of expertise include CKD offerings, FIBRA-E listings, SPAC IPOs and the issuance of social bonds. Leadership is split between Carlos Aiza, who handles capital markets and corporate finance transactions, private equity matters and restructuring; and Rodrigo Castelazo, who specialises in private equity and capital markets transactions, project finance and development, and bankruptcy and restructuring. Additional names to note include Carlos Zamarrón, who focuses on capital markets, structured finance and asset securitisation transactions; and Mercedes Haddad, who draws on experience assisting sponsors with the establishment of CKDs and CERPIs, and advising on cross-border debt offerings and private placements. Counsel Crisanto Sánchez and senior associate Mauricio Rascón are noted for their contributions on securities markets transactions, structured financings and derivative financial operations.

The ‘expert’ and ‘well-organised’ team at Galicia Abogados S.C. is equipped to provide advice across the range of domestic and international capital markets transactions. The group has particular experience in debt and equity offerings, the issuance of project bonds, equity and equity-like transactions, and asset securitisations. The practice routinely advises issuers and underwriters alike across the financial services, infrastructure, hospitality, energy, mining and real estate segments. Leadership is split between ‘great leader’ Guillermo Pérez Santiago, who specialises in financings and equity and debt offerings; and Maurice Berkman, who also co-heads the firm’s corporate finance practice group, and handles capital markets, financings and corporate law matters. Additional key figures include María de los Ángeles Padilla, who has focused her practice on domestic and international debt and equity offerings, securities regulation and banking and finance; and Carlos Obregón Rojo, who handles corporate law, capital markets and M&A transactions.

The expereinced capital markets team at Mijares, Angoitia, Cortés y Fuentes S.C. is well-equipped to assist issuers, underwriters, structuring and placement agents, investors and rating agencies with the gamut of capital markets mandates. Core strengths for the group include debt and securities offerings, public and private placements, securitisations and structured finance transactions, as well as advising on public tender offers and real estate trust certificate offerings. Leadership is shared between Manuel Echave, Martín Sánchez and Patrick Meshoulam. Echave specialises in the design and implementation of structured financing schemes; Sánchez handles equity issuances, structured equity transactions, multiple offering programs and multi-financing structures; and Meshoulam's slightly broader practice encompasses corporate law, capital markets, and banking and finance. Additional names to note include Ricardo Maldonado, Patricio Trad and Carlos Jiménez Cantú, who cover the full spectrum of corporate transactional and structured finance matters. Garnering client praise as an 'expert in the field', associate José Pellón focuses on corporate law, capital markets and banking finance.

The expertise of the 'highly professional, efficient and active' capital markets team at Nader, Hayaux y Goebel, SC takes in structured finance, equity placements, IPOs, tender offers and equity fund LBOs. The group is also well-versed in the development of innovative capital markets instruments, including FIBRAs-E, FIBRAs, CERPIs and CKD vehicles. On the securitisation front, the pratice's capabilities cover advising on both existing assets and future flows. A recent mandate of note saw the group advise Total Play on the issuance and public offering of long-term certificates for a total amount of MXN$2.5bn under its current debt programme. Veteran finance, M&A and capital markets lawyer Michell Nader steers the practice and also brings extensive experience in banking, real estate and workouts to the table. Additional key practitioners include Julián Garza, who specialises in assisting sponsors and financial intermediaries with structured finance and capital markets transactions; Hans Goebel, who focuses on financial, capital markets and corporate governance matters; and Ana Paula Tellería (securities, corporate law and capital markets). Gunter Schwandt (capital markets, M&A, fintech, cross-border lending); and Jenny Ferrón (capital markets, banking and finance and private equity matters) complete the senior team.

The 'strong', 'efficient' team at Ritch, Mueller y Nicolau, S.C. demonstrates significant experience in advising issuers, international and local broker dealers and investment banks on private and public offerings of debt and equity securities by Mexican issuers in the international markets. Additional areas of expertise include the establishment and operation of investment funds, the registration of foreign issuers in the Mexican market and the structuring of CKDs, CERPIs, FIBRAs and FIBRAs-E. Leadership of the practice is shared between Luis Nicolau, who majors on banking and finance, M&A, debt and equity capital markets transactions and restructurings; and Gabriel del Valle Mendiola, who specialises in banking and finance, capital markets and energy and infrastructure project matters. Additional key contacts include Pablo Perezalonso and Jean Paul Farah (banking and finance, capital markets, M&A, restructuring); Gabriel Robles and Eric Silberstein (banking and finance, capital markets, M&A). Counsel Luis Miguel Posadas and senior associate Ernesto Talamás also handle the gamut of banking and finance and capital markets mandates.

Undertaking the full range of capital markets mandates, the 'hands-on' group at White & Case S.C. garners praise for being 'skilled at adapting to client needs' and being 'at the forefront of market trends'. The team is routinely instructed by financial groups, banks, broker-dealers, issuers and underwriters seeking assistance with securities offerings on Mexico's Stock Exchanges, in addition to advising lenders and borrowers on debt and equity financings. Practice head Juan Antonio Martín specialises in capital markets and banking and finance, and has particular experience in securities, domestic and cross-border financings, securitisations and derivatives. Additional names to note include Eduardo Flores Herrera (banking, securities, fintech and capital markets transactions); Carlos Mainero and Narciso Campos (capital markets and financial regulatory work); Rebeca García López (capital markets, corporate, financial regulatory, banking and transactional matters); and Eugenio Bernal, who frequently provides regulatory and transactional advice to financial institutions. Counsel Eric Quiles majors on banking, finance and securities law. The team's ranks were notably strengthened with the November 2024 hire of Jorge Escalante as counsel - he was previously head of capital markets at the former Mayer Brown Mexico, S.C. In addition, January 2025 saw the promotion of Carlos González Navarro (regulatory compliance); and Simon Micha Kurc (capital markets, banking and securities) to local partners, and the raising of Wilbert Luna (anti-bribery and corruption, financial services regulation) to counsel.

The capital markets offering at Greenberg Traurig, S.C. is centred on assisting domestic and international issuers, placement intermediaries and financial intermediaries with debt and securities offerings in Mexico and abroad. The team also has notable experience of the structuring of FIBRAs and SPACs. Underwriters, financial institutions, venture capital funds, hedge funds and private investment firms regularly look to the group for support. Leadership is shared between Mexico City office co-managing shareholder José Raz Guzmán, who specialises in advising issuers, underwriters and investors on public and private offerings of equity and debt; and David Argueta, who focuses on capital markets and financing transactions, as well as general corporate law matters.

The capital markets team at Kuri Breña, Sánchez Ugarte y Aznar is regularly instructed by bond issuers, dealers and corporates seeking assistance with the design and implementation of structured financing transactions. Securitisations, and private equity and venture capital investments, are additional core areas of focus for the group. Founding partner Daniel Kuri Breña heads up the practice and specialises in securitisations, loan restructurings and dispute resolution. Luis Octavio Núñez (M&A, debt restructurings, venture capital mandates and securities offerings); and Miguel Vallejo, who has focused his practice on the issuance of debt instruments in the Mexican securities market, are also key senior practitioners. Counsel José Alejandro Casas majors on the issuance and placement of equity and debt instruments for financial institutions and commercial, industrial and service companies.

'Efficiency, quality' and 'legal certainty' are the calling cards of the first-rate team at Cuatrecasas, which is routinely instructed by companies in the financial services, education, real estate and retail spaces seeking assistance with a range of capital markets mandates. Core areas of expertise include the issuance of securities and bonds, the structuring of financial instruments, the negotiation of financing contracts, the implementation of IPO strategies and the restructuring of debt and equity. The practice is directed by capital markets specialist Gizeh Polo, who joined the firm from Creel, García-Cuéllar, Aiza y Enríquez, S.C. in September 2023 and is praised for his 'track record of first transaction design' and 'exceptional capacity for diagnosis, creativity and innovation'.

The practice at Garrigues was substantially bolstered by the office’s merger with local firm Sánchez Devanny, which was announced in July 2024 and was completed in February 2025. The combined group draws on experience advising issuers, broker dealers and investments banks on private and public offerings of debt and equity securities. The key name to note is José Berrueta, who specialises in capital markets, securities matters and banking and finance law. Carlos Matsui left the firm in June 2024.

The established capital markets team at Holland & Knight México, S.C. advises Mexican and foreign companies, funds, trusts and financial institutions on public and private issuances so as to secure financing through the stock market. Core areas of expertise include IPOs, the structuring of REITs and CKD issuances.  Best known for his specialist niche experience advising FIBRAs, Guillermo Uribe steers the practice and focuses on matters relating to banking and securities law, capital markets, structured finance and syndicated loans. Adrián Gay (corporate finance transactions, M&A, joint ventures, asset-backed securitizations and REIT mandates), and Alejandro Landa (energy finance, capital markets and financial restructuring) are also noted. Key support is provided by associate Jorge González Carlini (real estate finance and corporate finance).

The capital markets team at Jones Day is well-versed in advising issuers and underwriters on debt and equity offerings, in addition to handling the establishment of mutual funds, pension funds and brokerage firms. The practice is co-led by a pair of experienced of counsels: Silvia Malagón, who has a track record of assisting mutual funds, pension funds, Mexican banks and brokerage firms with corporate and capital markets mandates; and Carlos Sámano, who advises issuers and regulated institutions on public and private offerings of all types of securities.

Establishing itself in Mexico via its July 2024 absorption of González Calvillo, the Mexican team at the Madrid-headquartered Pérez-Llorca advises issuers and underwriters on global securities offerings, as well as assisting AFORES and other institutional investors with the issuance, exchange and delisting of CKDs, FIBRAs and FIBRAs-E. The practice is co-lead by Bernardo Reyes Retana, who specialises in banking and finance, capital markets, private equity and M&A transactions; and José Ignacio Rivero Andere, who handles M&A, private equity and capital markets mandates. Strengthening the senior team, Jacinto Ávalos, whose practice is focused on capital markets, corporate and insurance law, was promoted to the partnership in January 2025. Counsel Alberto Bustamante advises banks and companies on financings, acquisitions and private equity investments, as well as the preparation of contracts. Senior associate Carlos Matsui joined from Garrigues in July 2024.

The capital markets group at Santamarina y Steta is routinely instructed by issuers, underwriters, structuring agents and other intermediaries seeking assistance with debt and equity placements, FIBRA and CKD-related mandates, public tender offers and securities lending transactions. Leadership is shared between Alberto Saavedra (capital markets, corporate and M&A, project finance and foreign investment matters); Sergio Chagoya (corporate and regulatory matters, project and infrastructure financing, stock market and derivatives operations); and Diego Ostos (banking and finance, securities law, corporate and M&A).