Jose Sariego, Jay M. Sakalo, Martin Schwartz and Anthony De Yurre Bilzin Sumberg A Bilzin Sumberg team represented Grupo Mexico Transportes as Florida counsel in the $2.1 billion acquisition of Florida East Coast Railway. Grupo Mexico Transportes is the transportation arm of Grupo Mexico, which has mining, rail and infrastructure subsidiaries in Latin America, the United States and Spain. New York-based private equity firm Fortress Investment Group sold the the railway system after 10 years. Bilzin Sumberg also assisted with two financing deals worth a combined hundreds of millions of dollars with BBVA Bancomer and Banco Satander (Mexico) as part of the acquisition. The 565-mile freight rail system is the only rail provider for PortMiami, Port Everglades and the Port of Palm Beach and connects to the national railway system through its base in Jacksonville. The transaction was structured as a reverse triangular merger with Grupo Mexico Transportes creating a new subsidiary, which merged with Florida East Coast Railway as the surviving corporation. Bilzin Sumberg guided Grupo Mexico Transportes through the requirements of Florida law on the merger vehicle, including advice on obtaining board of director and shareholder consent, complying with shareholder dissenter's rights and appraisal procedures, and the preparation of articles of merger. The firm also provided an extensive legal opinion on the merger and financing under Florida corporate and limited liability company law. The work by Jose Sariego, Jay M. Sakalo, Martin Schwartz and Anthony De Yurre required a revision of loan agreements with BBVA Bancomer and Banco Santader to confirm with Florida law and changes to more than a dozen powers of attorney for use in Mexico to authorize the execution of loan guarantees under the Banco Santander loan. For the final steps, attorneys shepherded the articles and plan of merger through the Florida Department of State on a Friday afternoon before the Fourth of July holiday.