About

Owned by Mexican billionaire Carlos Slim, Grupo Financiero Inbursa is a Mexican financial company that has over $1bn in annual revenue. Raúl Zepeda Ruiz, general director of legal and institutional relations, leads Inbursa’s legal department. One of the team’s recent noteworthy transactions includes Inbursa’s purchase of Banco Walmart for approximately $247m in 2015. In the same year they also oversaw Inbursa’s provision of a $17m mortgage to Lightstone Group for its Moxy Hotel project in the NoMad district of New York City, and supplied a €160 loan to Spanish football club Atlético Madrid for the construction of a new stadium. Continuing their prolific work, in 2016 the team secured an agreement with FacePhi to implement its “Selphi” facial recognition technology on Inbursa’s mobile banking app and web platform to give clients secure access to their banking accounts without using a username or a password. The agreement made Inbursa the first financial institution in Mexico to offer a selfie-based facial recognition authentication solution to its clients. When GCC, a leading North American producer of cement, acquired some of Cemex’s US assets in November 2016 for $306m, the legal team at Inbursa successfully negotiated an unsecured loan of $253.5m and refinancing of GCC’s syndicated bank loan with a $184.9m secured loan in order to finance the deal. The most recent significant deal that Inbursa has financed with the help of the legal team, is an investment of $212.4m for the first stage of the construction of a car manufacturing plant to produce JAC-branded cars in Hidalgo – the development is led by a consortium including Mexico’s Giant Motors Latinoamerica (GML), Carlos Slim, the Chinese company JAC and the Japanese company Chori.