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Capital Markets

Connecting opportunity and capital through strategic advice and global perspective.

Ritch Mueller’s Capital Markets practice advises domestic and international issuers, underwriters, investment banks, private equity, fund managers and government entities across the full spectrum of equity, debt, and hybrid instruments (such as CKDs, CERPIs, Fibras and Fibras-E). From landmark IPOs and dual-track offerings to take-private transactions, fund raising, delistings, and bespoke private placements, our team combines market-leading expertise with deep insight into Mexico’s regulatory and commercial landscape to craft innovative solutions that advance clients’ strategic objectives and capital-raising goals.

Drawing on extensive experience in equity and debt offerings, convertible and structured products, and high-yield and investment-grade financings, we provide end-to-end support—from due diligence and regulatory filings to pricing, syndication, and closing. Our attorneys collaborate with Ritch Mueller’s other practice groups to address every dimension of a transaction, ensuring efficient execution while mitigating legal, regulatory, and reputational risks.

Led by seasoned practitioners known for their market insight and commercial acumen, our Capital Markets team pairs strategic foresight with rapid responsiveness. With a proven track record of landmark offerings, innovative financings, and complex cross-border transactions, we consistently deliver outstanding results in Mexico’s dynamic capital markets.

Featured Transactions
  • Client

    United Mexican States

    Represented the initial purchasers in the USD 12 billion P‑Caps notes offering by the United Mexican States through a Luxembourg‑based special purpose vehicle (SPV), including a total return swap (ISDA), a repurchase transaction (GMRA), and a securities lending transaction (GMSLA), to reduce PEMEX’s debt burden.

  • Client

    CFECapital and CFE FIBRA E

    Represented CFECapital and CFE FIBRA E, in the offering by CFE FIBRA E of its US$725 million 5.875% Senior Unsecured Note due in 2040, issued under foreign legislation.

  • Client

    Plata

    Represented Plata in the private issuance of Fixed Rate Senior Notes in the international market pursuant to Rule 144A and Regulation S.


  • Client

    Mexico Infrastructure Partners (MIP)

    Represented Mexico Infrastructure Partners (MIP) in the structuring of Fibra‑E FIEMEX, and FIEMEX in the initial issuance and placement of CBFEs for USD 4.5 billion. The initial assets include 12 combined‑cycle power plants and one wind farm, acquired from CKD FIECK and distributed to FONADIN and Afores as holders of the CKDs.

  • Client

    United Mexican States

    Represented the underwriters in the offering by the United Mexican States of its USD$3.9 billion 5.850% Global Notes due 2032, and its USD$2.8 billion 6.625% Global Notes due 2038

  • Client

    BBB Foods

    Represented the underwriters in the IPO of BBB Foods on the NYSE, through the issuance of 33,660,589 Class A common shares at a price of USD$17.50 per share, raising gross proceeds of approximately USD$589 million.

  • Client

    América Móvil

    Represented the underwriters in the issuance and placement by América Móvil of its MXN 17,500 million Senior Notes due 2029, under a Global Notes Program in Mexico and the United States.

  • Client

    Bimbo Bakeries USA

    Represented the initial purchasers in the offering by Bimbo Bakeries USA of its USD$450 million 6.050% Senior Notes due 2029 and its USD$800 million 5.375% Senior Notes due 2036.

  • Client

    Gruma

    Represented Gruma, in the offering of its USD$800 million 5.390% Senior Notes due 2034 and 5.761% due 2054, issued under foreign legislation.

  • Client

    Vesta

    Represented Vesta in its IPO on the NYSE, through the issuance of 14,375,000 American Depositary Shares (ADSs), equivalent to 143,750,000 common shares, at a price of USD$31.00 per ADS, raising gross proceeds of approximately USD$445 million.

  • Client

    FEMSA

    Represented FEMSA in the partial divestment of its stake in Heineken through the offering of EUR 500 million of 2.625% Senior Unsecured Exchangeable Bonds due 2026, exchangeable for up to 5,228,758 Heineken shares.

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