MIAMI (PRWEB) September 04, 2014
The International law firm Greenberg Traurig, LLP was selected to receive the “Global M&A Deal of Year - Latin America/Mexico” Award by The American Lawyer for the firm’s role in the sale of Satélites Mexicanos, S.A. de C.V. (“Satmex”) to Eutelsat Communications (“Eutelsat”), the French leading satellite operator.
The direct and indirect acquisition of 100 percent of Satmex by Eutelsat was valued at $831 million USD. This is the first significant transaction completed following the constitutional amendments, which entered into force in Mexico in June 2013. These changes allowed for 100% direct foreign investment participation in telecommunications, including satellite services.
Greenberg Traurig’s Mexico City office represented Satmex as well as its shareholders in all Mexican law-related matters through each phase of the transaction. The Greenberg Traurig team was led by Mexico City Managing Shareholder Luis Rubio Barnetche, Shareholder Bertha Alicia Ordaz-Avilés and Of Counsel Octavio Lecona Morales, assisted by Associate Luis Alberto Torres and law clerks Rosa M. Cuevas and Analy Velasco-Melendez of the Mexico City office and Shareholder Randy A. Bullard, Chair of the Miami Corporate and Securities Practice.
“We are extremely proud of this team and of this achievement, a significant one not only for us but also for our client,” said Rubio.
“Our ability to work seamless across borders, as one firm, truly sets us apart. This recognition of Greenberg Traurig’s capabilities in the region truly speaks to the power of collaboration and experience,” said Patricia Menéndez-Cambó, Chair of the firm's 200-plus member Global Practice Group and Co-Chair of the Global Energy and Infrastructure Practice Group.
The American Lawyer’s “2014 Global Legal Awards” aim to honor all law offices, including in-house departments, that played a substantial role in the most distinguished cross-border work performed between Jan. 1, 2013, and April 14, 2014, across a wide range of disciplines.
Four grand prize winners — in Global M&A, Global Finance, Global Disputes and Global Citizenship — will be announced by the publication at an awards dinner on Sept. 15 at Gotham Hall in New York City.
Greenberg Traurig’s multidisciplinary Latin American and Iberian team has wide-ranging experience representing U.S. and international clients who engage in cross-border business in Latin America and the Iberian Peninsula, as well as advising Latin American and Spanish clients on their business ventures in the Americas. The firm’s Latin American and Iberian team is consistently recognized in the various guides published by Chambers & Partners, including Chambers USA, Chambers Global and Chambers Latin America. Recent accolades include, “Law Firm of the Year - Mergers and Acquisitions - Mexico,” Dealmakers, 2012; Winning Team, “Deal of the Year - Project Finance,” Euromoney, 2012; Winning Team, "Deal of the Year - Restructuring,” Latin Lawyer, 2012; and Winning Team, “Transaction of the Year - Corporate/Strategic Acquisition of the Year (Over US$1 Billion),” The M&A Advisor, 2011.
The Latin American and Iberian Practice spans across 15 Greenberg Traurig offices, bringing together multilingual and multicultural lawyers located in Amsterdam, Atlanta, Austin, Boston, Chicago, Dallas, Houston, Los Angeles, Mexico City, Miami, New York, Orlando, Palm Beach, Silicon Valley, and Washington, D.C.
About Greenberg Traurig, LLP
Greenberg Traurig, LLP is an international, multi-practice law firm with approximately 1750 attorneys serving clients from 36 offices in the United States, Latin America, Europe, Asia, and the Middle East. The firm is among the “Power Elite” in the 2014 BTI Client Relationship Scorecard report, which assesses the nature and strength of law firms' client relationships. For additional information, please visit http://www.gtlaw.com.