Paola Lozano

As a New York-based M&A partner, Ms. Lozano represents a variety of clients in mergers, acquisitions, dispositions, private equity and other corporate matters. Among many others, she has represented:

• Citigroup Inc. and its affiliates in various transactions, including:
  • the proposed $2.3 billion sale of a 25% stake in Grupo Financiero Citibanamex, S. A. de C. V. (Mexico) to a company owned by Fernando Chico Pardo and members of his immediate family
  • the separation of its institutional banking business in Mexico from its consumer, small and middle market businesses. As a result of the separation, Citigroup now operates two separate financial groups in Mexico: Grupo Financiero Citi México and Grupo Financiero Banamex
  • the sale of its consumer banking and credit card businesses through international auction processes: to Banco Santander Rio S.A. in Argentina; to Itaú Unibanco Holding S.A. in Brazil; to Scotiabank in Panama and Costa Rica; to Promerica Financial Corporation in Guatemala; to Banco Financiera Comercial Hondureña in Honduras; to Banco Ficohsa in Nicaragua; to Terra Group in El Salvador; and Banco Colpatria and Bank of Nova Scotia in Colombia
  • its sale of Citi International Financial Services, LLC (Puerto Rico) and Citi Asesores de Inversion Uruguay S.A. to Insigneo Financial Group
  • its $512 million sale of Citigroup Global Services Limited to Tata Consultancy Services Limited (India), and a business process outsourcing services agreement for $2.5 billion over a period of nine and a half years
  • its acquisition of the credit card and financial products businesses of Sears, Roebuck & Co., for an aggregate value in excess of $3 billion
• AustralianSuper in its and Stonepeak’s $2.7 billion investment in and acquisition of Lumen Technologies’ Latin American business
• Celsia S.A. in the sale of six renewable energy assets in Panama and Costa Rica with a combined capacity of 188 MW to Fontus Spain, an affiliate of EnfraGen, LLC
• Grupo Romero Investment Office in its acquisition, from subsidiaries of I Squared Capital and Nautilus Energy Partners, of 100% of the equity of INKIA AMERICAS II SAC and SAMAY I S.A., which are companies that hold and operate the Central Térmica Puerto Bravo thermoelectric plant in Peru
• Quala Inc. in the sale to Unilever of its shampoo, conditioner, hair styling, oral care and fabric softener product lines in Latin America, including in Colombia, Ecuador and Mexico
• Hocol S.A. in its acquisition of certain assets, rights and obligations of the Colombian branch of Chevron Petroleum Company related to the Chuchupa and Ballena natural gas fields in Colombia
• Deutsche Bank AG and its affiliates in connection with its sale of Deutsche Bank Argentina; its proposed sale of Deutsche Bank Mexico; and sale of its trust business in Mexico to CIBanco, S.A., Institución de Banca Múltiple
• SoftBank Group Corp. (Japan) in its minority investment in Petlove (Brazil)
• Visa Inc. in connection with its equity interest in, and contractual relationship with, Prisma Medios de Pago S.A., the leading cards and payments company in Argentina
• Cementos Argos (Colombia) and its subsidiary Argos USA in its $720 million acquisition of Vulcan Materials’ cement and ready-mix assets in Florida and Georgia, and its $760 million acquisition of Lafarge S.A.’s cement and ready-mix assets in the southern U.S.
• MetLife, Inc. in its acquisition of a 64.3% stake of AFP Provida, the largest Chilean private pension fund administrator, from Spain’s BBVA. The deal included a simultaneous public cash tender offer by MetLife in the U.S. and Chile for all of the outstanding shares of Provida, for an aggregate purchase price of approximately $2 billion
• Marubeni Corporation (Japan) in its acquisitions of noncontrolling stakes in multibillion-dollar copper mining projects in Chile from Antofagasta plc (U.K.)
• Kensington & Global Limited and Danpark Enterprises Limited LLC in the divestiture of their controlling interests in Procesadora Nacional de Alimentos C.A. Pronaca, one of the largest food producers in Ecuador, to Corporación Multi Inversiones, a multinational agro-industrial corporation based in Guatemala
• Inversiones de Guatemala S.A., the largest rum producer in Guatemala, in its joint venture with Diageo plc (U.K.) in which Diageo purchased a 50% stake in the Zacapa rum business and gained distribution rights
• Capital International in connection with various private equity transactions in Latin America, including its investments in Mexico and the purchase of an interest in El Tejar Ltd., a worldwide agribusiness leader with operations in Argentina, Bolivia, Brazil, Paraguay and Uruguay
• Mobile Telecommunications Technologies Corp. (Mtel) in the sale of an interest in its subsidiary Mtel Latin America, Inc., a paging company operating in Argentina, Brazil, Colombia, Mexico, Paraguay, Peru, Uruguay, Venezuela and Puerto Rico

Lozano is a member of the Cyrus R. Vance Center for International Justice and Fundación Barra Mexicana’s joint committee, established to develop strategies to address threats to the rule of law in Mexico and the U.S. Prior to joining Skadden, Lozano practiced law in Colombia, in one of Colombia’s top law firms.