Manuel Silva’s practice focuses on cross-border transactions, principally in Latin America.

He regularly represents Latin American corporations and state-owned entities in financing, capital markets, liability management, mergers and acquisitions, and corporate and sovereign debt restructurings across the region.

Manuel has substantial experience in a broad spectrum of industries including natural resources, consumer products, retail, and infrastructure. His approach to matters is multifaceted and multidisciplinary, providing creative and actionable solutions to his clients.

He has been recognized as a “Next Generation Partner” by The Legal 500 Latin America for the last two years.

Manuel joined the firm in 2012 and became a partner in 2020.

Notable Experience

Recent experience in finance, capital markets, liability management transactions, and debt restructuring includes advising:

  • Citigroup, as dealer manager and solicitation agent, in the Republic of Ecuador’s successful $17.4 billion sovereign debt restructuring.

  • Petrobras and PEMEX in their international financing transactions, including landmark debt and equity capital markets and liability management transactions.

  • The Mexican Government in the financing for the construction and development of the proposed new Mexico City international airport, including a $1 billion term loan facility, a $3 billion revolving credit facility (reported as the largest syndicated revolving facility in Latin America), $6 billion international notes offerings (reported as the largest green notes offerings in Latin America), and a $1.6 billion offering of Fibra E certificates on the Mexican Stock Exchange, as well as subsequent tender offers and consent solicitations to repay a portion of the outstanding debt.

  • Coca-Cola FEMSA in international capital markets transactions including a $705 million SEC-registered green notes offering and a $1.25 billion SEC-registered debt offering and concurrent liability management transaction.

  • Fresnillo in its $850 million notes offering and concurrent liability management transaction.

  • Industrias Peñoles in international notes offerings totaling $1.7 billion.

  • Grupo GICSA in bank finance and capital markets transactions including its Ps.12 billion structured finance transaction involving seven shopping centers and two corporate office buildings located in Mexico.

  • Unifin in international capital markets transactions including recent notes offerings totaling $650 million.

  • The initial purchasers in international capital markets transactions by CEMEX including a $1 billion notes offering.

  • Other landmark capital markets transactions including LivaNova’s $250 million cash exchangeable notes offering, Aeroméxico’s $400 million debut notes offering, Banco Inbursa’s $750 million notes offering, Grupo Bimbo’s $800 million debut notes offering, and Sigma Alimentos’ $1 billion notes offering.

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Recent experience in equity capital markets includes advising:

  • Petrobras in the $5.2 billion and $1.9 billion secondary offerings of Petrobras’ common shares, including common shares represented by American depositary shares, by BNDES and Caixa.

  • The underwriters in The Bank of New York Mellon’s $1 billion preferred stock offering.

  • Vista Oil & Gas in its SEC-registered IPO.

  • Grupo Mexico Transportes in its $869 million global IPO.

  • Grupo Rotoplas in its $260 million global IPO.

  • Grupo GICSA in its $420 million global IPO.

  • Unifin in its $240 million global IPO.

  • Grupo Sanborns in its $825 million global IPO.

  • Grupo Financiero Interacciones in its $282 million primary and secondary equity offerings.

  • Organización Cultiba in its $310 million global IPO.

  • Mexichem in its $1.2 billion primary equity offering.

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Recent experience in mergers and acquisitions includes advising:

  • The Coca-Cola Company and Coca-Cola FEMSA in their joint sale of their dairy business in Panama.

  • Coca-Cola FEMSA in the sale of its 51% stake in Coca-Cola Philippines to The Coca-Cola Company.

  • BestDay and its shareholders in the sale of a 100% stake in the Mexican travel agency company to Despegar for $136 million.

  • Antofagasta Minerals in the sale of its interest in the El Arrayán Wind Farm in Chile.

  • Vitro in its $750 million acquisition of PPG Industries’ automotive flat glass business and its $310 million acquisition of Pittsburgh Glass Works.

  • FEMSA in the $2.5 billion sale of a 5.2% of the combined interest in the Heineken Group to institutional investors.

  • The financial advisors to Grupo Financiero Banorte, in connection with Banorte’s $1.4 billion acquisition of Grupo Financiero Interacciones.

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Publications

Events