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Cleary Gottlieb and Latham & Watkins are advising the merger of Mexican airlines Volaris (whose largest shareholder is private equity firm Indigo Partners, which also controls U.S. airline Frontier and Chile’s JetSMART) and Viva. (Photo: Volaris)
Chantal Kordula, Cleary Gottlieb; Mark Bekheit, Latham & Watkins; Francisco Nuñez, Milbank and Guillermo Uribe Lara, Holland & Knight. (Latinvex collage)
Wednesday, January 7, 2026

Cleary Gottlieb, Latham & Watkins Advise Viva-Volaris Merger

Holland & Knight, Milbank advise $3.2 billion Mexico, Panama deals.

BY LATINVEX STAFF

Cleary Gottlieb and Latham & Watkins are advising the merger of Mexican airlines Viva and Volaris, creating the country’s largest domestic airline group; Milbank is advising Panama-based Inversiones Cuscatlán Centroamérica in connection with its acquisition of Panamanian bank Banistmo from Grupo Cibest in a deal valued at $1.4 billion, according to Bloomberg Linea; Holland & Knight advised Mexico-focused real estate company NEXT Properties in connection with the consolidation of its industrial portfolio, including the acquisition of 18 industrial properties valued at approximately $1.8 billion; Baker McKenzie and Foley are advising the $180 million acquisition of Helm Bank USA by Banco de Crédito del Perú (BCP) and Milbank, Paul Hastings and White & Case advised the closing of  US-based Glenfarne’s $865 million acquisition of solar and battery storage (BESS) assets in Chile from Greece-based -based Metlen Energy & Metals. 

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Keywords: Baker McKenzie, Chile, Cleary Gottlieb, Foley, Holland & Knight, Latham & Watkins, M&As, Mexico, Milbank, Paul Hastings, Panama, Peru, White & Case

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