Grupo México, S.A.B. de C.V., a leading Mexican conglomerate in the mining, transportation and infrastructure sectors, through its Infrastructure Division, has completed the transaction to combine its power generation assets with Saavi Energía to create a leading private power generator in Mexico together with Global Infrastructure Partners (GIP), a subsidiary of BlackRock.
As a result of this transaction, Grupo México owns a 70 percent stake in the new consortium and GIP owns the remaining 30 percent.
The closing of the transaction consolidates a diversified power generation platform comprising 14 facilities strategically located in high-demand areas across Mexico, with a combined installed capacity of 4,510 MW, together with a growth project pipeline of approximately 5,000 MW.
The S&C team that advised Grupo México Infraestructura includes Werner Ahlers, Rita-Anne O’Neill, Sahand Moarefy, Maria Angelica Meneses, Andrew Lin and Chloe Zack. Eric Wang and Aaron Milevsky advised on U.S. tax matters. John Estes advised on securities and indenture matters. Tia Barancik advised on energy regulatory and land aspects of the transaction. Eric Kadel, Manon Scales and Cole Blum advised on U.S. foreign investment matters. Juan Rodriguez and André Garcia do Fôjo advised on non-U.S. antitrust matters. Lori Sherman and Shane Palmer advised on U.S. antitrust matters. Matthew Brennan advised on environmental matters. Mehdi Ansari, Elianne Neuman Schiff and Kelvin Kim advised on intellectual property matters.