José Ignacio Rivero

GC advises Accial on $20m financing to Minu

Gonzalez Calvillo has advised Accial Capital Management in the financing of USD $20,000,000.00 to Minu, an innovative financial company in Mexico in the “salary on demand” sector, to finance the origination of its loans.

The transaction was closed on 23 June and involved participating companies from a sophisticated sector in two different jurisdictions (Mexico and New York). As a result, the structure was extensively negotiated and required adjusting and matching various foreign law concepts within the legal framework of the transaction.

In addition, the consultancy involved implementing an intrinsic collateral package in the form of a management and payment source trust to which Minu’s collection rights are contributed. In addition, complex contractual arrangements were put in place between all parties to document their relationship.

Accial Capital Management is an impact technology investor focused on small businesses and credit portfolios in the consumer markets.

Raul Tornel Castillejos acted as in-house legal counsel to Minu.

GC’s team was led by partner José Ignacio Rivero Andere (pictured), with support from associates Jacinto Avalos Capin and Luis Ernesto Brieño Jiménez, and intern Maite Robledo Saldívar.

L Giselle Estrada