Latham & Watkins and SyCip Salazar Hernandez & Gatmaitan have advised San Miguel Corporation (SMC) on its $2.15 billion acquisition of Holcim Philippines from LafargeHolcim, whose legal counsel was Freshfields Bruckhaus Deringer, with Allen & Overy and Picazo Buyco Tan Fider & Santos representing the mandated lead arrangers and underwriters.