AntonioFranck

Of Counsel

(T) 52.55.3000.4007

Antonio Franck focuses his practice on corporate, banking, restructuring, and securities law as it relates to foreign commercial bank lending in Mexico, foreign and Mexican underwriters, and private sector companies. He structures and negotiates national and international financial transactions, including mergers and acquisitions, corporate and financial restructurings, and strategic associations.

Antonio has more than 40 years of experience working with clients in the U.S. and around the world. Prior to joining Jones Day, he handled a wide variety of legal matters, including the structuring and financing of electric energy projects such as Samalayuca and Mérida III and gas pipeline transactions such as the Tarahumara Pipeline; participated in the incorporation of Banco Azteca, Banco Multiva, and Bancoppel among other credit institutions and sofoles; served as a member of an ICC arbitral tribunal in an ICC proceeding between a Mexican company and an American company regarding a joint venture dispute; and acted as Mexican counsel for Mexico's Bank Advisory Group during the Mexican debt restructuring from 1982 to 1992.

He currently teaches M&A and corporate governance at the Universidad Panamericana. Antonio has taught commercial law and legal ethics at Universidad Iberoamericana as well as at Escuela Libre de Derecho. He is currently on the board of directors of several companies, including FibraUno, Aleatica, Farmacias del Ahorro, Fibra NAICM, Fibra Infraex, and others in Mexico. Antonio also has served on the boards of Grupo Aeroportuario del Pacifico, Mexicana de Cananea, Sears Roebuck de México, Grupo Coppel, and Grupo Financiero IXE.

Experience

Prodemex completes US$306 million IPO of Fibra-E Shares
Jones Day advised Promotora y Desarrolladora Mexicana, S.A. de C.V. (Prodemex), as sponsor, in an initial public offering of an energy and infrastructure investment trust (Fibra-E) in the amount of US$306 million for the acquisition of 50 percent of equity interest in three subsidiaries of Prodemex (the "Projects"), which hold certain long-term service contracts in connection with two prisons located in Jalisco, Durango, and a toll road "Solidaridad Las Torres" located in Toluca, State of Mexico, respectively.

Proinfra obtains $165 million loan facility from Banorte
Jones Day represented Promotora y Desarrolladora Mexicana, S.A. de C.V., a Mexican engineering and construction company, in connection with a MXN$3.3 billion (US$165 million) loan facility for general corporate purposes and the acquisition of Trust Certificates (Certificados Bursátiles Fiduciarios).

INVEX Infraestructura acquires Trafigura Mexico Holding B.V.
Jones Day is advising INVEX Infraestructura 4, S.A.P.I. de C.V. in the acquisition of 100 percent of the issued and outstanding capital stock of Trafigura Mexico Holding B.V., which in turn owns 99.99 percent of the issued and outstanding capital stock of PPM Energy, S.A.P.I. de C.V.

INVEX Infraestructura 4 purchases port terminal in Tuxpan, Veracruz
Jones Day advised INVEX Infraestructura 4, S.A.P.I. de C.V. and one of the largest midstream service companies in Mexico in the purchase of the entire stock of Compañía Terminal de Tuxpan, S.A. de C.V. ("CTT"), holder of a Partial Assignment and Assumption Agreement (Contrato de Cesión Parcial de Derechos y Obligaciones) executed with the Administración Portuaria Integral de Tuxpan, S.A. de C.V. in connection to a port terminal at the Port of Tuxpan, Veracruz.

Ennis sells its apparel division to Gildan Activewear for $110 million
Jones Day advised Ennis, Inc. in its $110 million sale of Alstyle Apparel, LLC and its subsidiaries (including the Mexican subsidiaries), which constitute the Company’s apparel division, to Gildan Activewear Inc.

Bancomext provides financing to Negocios Renovables Inteligentes for financing of public works contract
Jones Day advised Banco Nacional de Comercio Exterior, S.N.C. in connection with its $178 million loan agreement provided to Negocios Renovables Inteligentes, S.A. de C.V. for the financing of a public works contract relating to loss reduction work with a total capacity of 309,493MVA of transformation and the construction of 870.17 Km-C line with a voltage of 23kV and removal, supply, and installation of 336,935 AMI meters.

JBIC provides financing to Banco Nacional de Comercio Exterior for financing of renewable energy-related projects in Mexico
Jones Day advised the Japan Bank for International Cooperation (JBIC) in connection with a $100 million loan facility provided to Banco Nacional de Comercio Exterior, S.N.C. (BANCOMEXT) to finance renewable energy and energy efficiency projects in Mexico under JBIC's GREEN operations.

Comercializadora Farmacéutica de Chiapas becomes lessee of 15 commercial spots used by Block Buster de México, S.A.
Jones Day advised Comercializadora Farmacéutica de Chiapas in a group of transactions to become lessee of 15 commercial spots currently used by Block Buster de México, S.A.

Mexican midstream service company negotiates joint venture with Texas midstream service company to form joint venture for cross border pipeline between Mexico and Texas
Jones Day advised one of the largest midstream service companies in Mexico in the formation of a joint venture with one of the largest midstream service companies in Texas for the development, construction, and financing of a cross border pipeline extending from Corpus Christi, Texas to Laredo, Mexico.

Comercializadora Farmacéutica de Chiapas being advised in capital and corporate restructuring
Jones Day is advising Comercializadora Farmacéutica de Chiapas in a group of transactions for its capital and corporate restructuring.

Comercializadora Farmacéutica de Chiapas being advised in general corporate governance of Grupo Farmacias del Ahorro
Jones Day is advising Comercializadora Farmacéutica de Chiapas in its general corporate governance of Grupo Farmacias del Ahorro.

Grupo Landstiner being advised in capital and corporate restructuring
Jones Day is advising Grupo Landstiner in a group of transactions for its capital and corporate restructuring.

Wood Group forms joint venture with Grupo Diavaz
Jones Day advised Wood Group Management Services, Inc. in its negotiation of a joint venture agreement with Grupo Diavaz, which purpose is the provision of engineering, design, procurement, project management, and construction management services for concept and FEED, and detail design engineering for brownfield and greenfield projects in Mexico, related to midstream and upstream oil and gas facilities, both onshore and offshore.

Midstream service company constructs pipeline from Tuxpan, Veracruz to Tula, Hidalgo
Jones Day is advising one of the largest midstream service companies in Mexico in the incorporation of a SPV for the construction, operation, and maintenance of certain pipeline for the shipping of unleaded gasoline, petroleum distillates, and liquefied petroleum gas and any other similar oil derivatives from Tuxpan, Veracruz to Tula, Hidalgo.

National Pecan acquires Young Pecan, Inc.
Jones Day advised National Pecan, a portfolio company of Blue Road Capital, L.P., in its acquisition of the assets of Young Pecan, Inc. and the acquisition of the shares and assets of its Mexican subsidiary; and (ii) the negotiation of a certain Management and Service Agreement with Almacenadora Mercader, S.A., Organización Auxiliar del Crédito for the operation of a certain warehouse and the management of inventories consisting of up to 6,600 metric tons of pecan nuts, which may be covered in whole or in part by Certificates of Deposit.

The following represents experience acquired prior to joining Jones Day.

Represented Grupo Fermaca, a market leader in the development and operation of energy infrastructure in Mexico, in connection with the acquisition by Partners Group, a global private equity firm headquartered in Zug, Switzerland, of a majority stake in the company from its parent, New York private equity firm Ospraie.

Represented Bank of America in its 2003 acquisition of a 24.9 percent equity stake in Grupo Financiero Santander Serfin and in 2010 in the sale of the same percentage to Grupo Financiero Santander for US$2.5 billion.

Participated in the placement on the Mexican Stock Market of bonds for Coppel and Banco Compartamos.

Participated in the international IPO for Banco Compartamos and represented Banco Compartamos in the $1.5 billion IPO in Mexico under 144A.

Represented the Saba Masri family in the public tender for the purchase of Consorcio Aeromexico and for Satelites Mexicanos (SATMEX).

Participated in the acquisition of Consultoria Internacional Casa de Cambios and represented Waldo's Mexico in the acquisition of certain assets of Grupo Dorians.

Represented the Leonardo Castañon family, majority shareholders of Farmacias del Ahorro, in corporate and stock ownership restructuring.

Represented laboratory Landsteiner Scientific in its investment in Sinca Inbursa.

Successfully assisted AT&T International in an exchange offer launched by America Movil to acquire Telmex Internacional.

Represented Grupo Alsavision in its $250 million public tender to purchase up to 100 percent of Aeromexico.

Participated in the restructuring under a prepackaged arrangement of Grupo Iusacel.

Participated in the incorporation of Banco Azteca and Banco Multiva and the acquisitions of Grupo Financiero IXE and Grupo Multiva.

Additional Publications

  • April 2016Mexico Introduces the First Single-Member Corporation: The Simplified Stock Corporation
  • Septiembre 2015Fideicomisos de Inversión en Energía e Infraestructura
  • Septiembre 2015Fideicomisos de Inversión en Energía e Infraestructura
  • September 2015Framework for Mexican Investment Trusts in Energy and Infrastructure Is Now Official
  • September 2015Mexico Releases Framework for Investment Trusts in Energy and Infrastructure
  • July 2015Mexico's Energy Ministry Plans Auctions for Extraction, Exploration Rights
  • Julio 2015Plan Quinquenal de Licitaciones para la Exploración y Extracción de Hidrocarburos
  • Junio 2015La Comisión Federal de Electricidad Licitará Proyectos por 10 Mil Millones de Dólares
  • June 2015Mexico's Federal Electricity Commission Announces New Projects for US$10 Billion
  • June 2015Promulgation of the Reforms Creating Mexico's National Anticorruption System
  • Mayo 2015La Responsabilidad Penal de Personas Morales en México en el Marco del Gobierno Corporativo de las Empresas
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