Michell Nader Schekaiban
(The following information was supplied by the firm)
Michell has been involved in a wide variety of matters in the finance and M&A sectors. His background includes many of the largest and most complex transactions ever done in Mexico and the development of products and structures for clients which have had significant impact on the banking, real estate, capital markets and M&A industries, including the creation of the money transfer system for remittances from the U.S. to Mexico in 1996.
Michell’s main areas of work are structured and acquisition finance, M&A, banking, capital markets, real estate and workouts. Michell has participated in multiple finance transactions including intangibles, real estate, telecommunication networks, infrastructure and power plants. He has worked on some of the largest debt restructurings in Mexico including AHMSA, GEO, URBI, Comerci, Iusacel and Grupo Mexico.
He has worked on a number of leveraged acquisitions representing lenders or purchasers of listed companies in Mexico in the textile, steel and telecommunications industries and advised clients in multiple acquisitions and divestitures of banks, pension funds, and insurance, telephony and real estate companies. He has been very active in capital market deals, representing sponsors of Fibras, CKDs and issuers of bonds in Mexican and global offerings. He advised the Mexican government in creating the structure for the PPP model for Mexican infrastructure projects and has worked extensively with local governments in the development of their legal and regulatory frameworks for PPPs.
He represented the lender in the largest real estate financing ever done in Mexico. He also represented the financial investor in the creation of the first Mexican land bank. In addition to his transactional work he has been involved in a number of high profile matters including (i) advice to the US Department of the Treasury in the US$20 billion emergency financial package provided to the Mexican government in 1995; (ii) advice to the US Commerce Department in the negotiation of Chapter Eleven (Investment) and Chapter Fourteen (Financial Services) of NAFTA; and (iii) advice to different Mexican States in the development of investment, budgetary and tax laws.
Michell regularly writes articles on his areas of expertise and contributes to specialized publications. He haslectured in Corporate Law, Commercial Law and Comparative Law at the Universidad Iberoamericana. He received his LL.M. in Comparative Law from Georgetown University, having graduated as an attorney (summa cum laude) from Universidad Iberoamericana.
A selection of recent transactions and projects on which Michell advised, include:
- Represented GE Real Estate México, (GEREM) in the sale and transfer of its real estate loan portfolio in Mexico to Blackstone for US$4 billion.
- Advised Grupo Salinas in the sale of Iusacell to AT&T, pursuant to which AT&T acquired 100% of Grupo Salinas’ interest in Iusacell for US$2.5 billion.
- Represented CKD IM Infraestructura México, as sponsor, in the creation, registration and approval by the Mexican securities regulator of the first multi-Fibra E registration programe. This Transaction was Commended in the Financial Times’ North America Innovative Lawyers Report (category ‘Accessing New Markets and Capital’) in 2017.
- Advised Vertex on the acquisition and subsequent sale of its 33.33% participation in the owner of the Four Seasons Hotel in Mexico City.
- Advised FibraHotel with the establishment of the first equity shelf program for a Fibra in Mexico. The 5 year program was established for an amount of MXN$10,000 million of which MXN$4,599 million was issued under the first issuance of the equity program.
- Advised TV Azteca one of the two major content providers in Spanish in the world, on the issuance of US$400 million Senior Notes, for a term of seven years, with a coupon of 8.25%.
- Advised Fibra Danhos regarding its third debt issuance carried under a debt shelf registration programme authorized by the National Banking and Securities Commission.
- Advised TV Azteca on the creation of a MXN$10,000 million debt programme for the Mexican market and the first issuance of MXN$4,000 million thereunder.
- Advised Acciones y Valores Banamex as lead underwriter in the placement of CKDs in the Mexican market by PGIM with a target initial issuance of MXN$884 million plus additional commitments, through a capital call mechanism, for a targeted total committed issuance amount of MXN$4,422 million.
- Advised San Fernando de Cortez in connection with the coordination of the legal, financial and technical firms with the objective to obtain from the SCT (Federal Ministry of Communications and Transportation) a concession in Empalme, Sonora, to build, install, manage and operate a maritime terminal to handle, store and transport natural gas, liquefied natural gas, gasoline and other related fuels under the recently enacted Mexico’s Energy Reform.
- Advised BBVA Bancomer as administrative agent of a syndicate integrated by Sabadell, Santander and BBVA Bancomer to finance a major multiuse real estate development including offices, residencies, a hotel and retail space in the main boulevard in Mexico City worth more than US$500 million.
- Advised PGIM Real Estate on the extremely complex restructuring of its US$700 million real estate portfolio, developed in conjunction with Mexican housing developer Urbi, one of the largest homebuilders in Mexico. PGIM Real Estate is possibly the first and only creditor to settle on a restructuring plan for its real estate portfolio with Urbi prior to such entity entering into a concurso mercantil process.