MEXICO CITY – Feb. 28, 2024 – Greenberg Traurig’s Latin America Practice and Project & Infrastructure Finance team in Mexico City represented Mexico Infrastructure Partners (MIP), the leading manager of investment funds in the infrastructure and energy sectors in Latin America, in the financed acquisition of a portfolio comprising 12 combined cycle power plants and a wind farm with a capacity of 8,539 megawatts, owned by Iberdrola, a leading Spanish energy group, for US$6.2 billion.
This transaction is crucial for the development of Mexico’s current federal energy policy and is the largest and most complex transaction in the history of the country’s energy sector since its privatization.
Greenberg Traurig’s team served as lead international and Mexican legal counsel to MIP and the trust through which the acquisition was consummated, advising on the entire acquisition process, including obtaining regulatory and antitrust approvals; entering into ancillary agreements, including power purchase agreements, and transition services agreement, among others; and acting as special legal counsel to MIP in the acquisition financing process granted by Mexican development banks and several commercial banks.
The Greenberg Traurig team was led on the New York and Mexican law aspects of the acquisition by José Antonio Butrón, shareholder of the Latin America Practice and head of the Mexico City Project & Infrastructure Finance Practice, supported by Project & Infrastructure Finance Practice Shareholder Gabriela Palomino and Associate Luis Torres. Other key attorneys on the team included Antitrust Litigation & Competition Regulation Shareholder Miguel Flores and Energy, Environmental, and Regulatory & Compliance Shareholder Erick Hernández, as well as Associate Luis Akle together with Law Clerks from the Mexico City office Natalia Mejía, Diana Cortés, Francisco de Rosenzweig and Paula de Uriarte.
About Greenberg Traurig’s Infrastructure and Project Finance practice: Greenberg Traurig’s Infrastructure and Project Finance practice brings together multidisciplinary teams of lawyers from across the firm to advise on project finance and infrastructure development both domestically and internationally. We have extensive experience in structuring, development and project finance, public-private partnership transactions, construction, insurance and bond issues, environmental and regulatory law, energy contracting and regulation, labor, real estate and tax law.
About Greenberg Traurig’s Latin America Practice: Greenberg Traurig’s award-winning Latin America Practice draws on resources from our offices in Chicago, Houston, Los Angeles, Mexico City, Miami, New York, Washington D.C., and elsewhere around the world, bringing together a multidisciplinary team of more than 120 lawyers to help clients identify and capitalize on business opportunities in Latin America, the Iberian Peninsula, and the Caribbean. Since the founding of the firm, Greenberg Traurig has been inextricably linked to Latin America and has represented many of the family enterprises that are today among Latin America’s largest companies. By addressing real-world problems for clients on a regular basis, our team has developed a breadth of experience in Latin America that sets us apart.
About Greenberg Traurig’s Mexico City Office: Greenberg Traurig’sMexico City office offers clients innovative, strategic advice and legal services that span both traditional fields and contemporary regulatory sectors. The office has more than 60 bilingual attorneys who have been contributors to major national projects in Mexico and leverages the resources and reach of the firm’s global platform to provide clients with tailored legal services reflective of the specific industry and market conditions in which they operate. The Mexico City office is an integral part of the firm’s award-winning Latin America Practice, and has been recognized with leading competition, corporate, M&A, compliance, infrastructure, real estate, privacy, energy, administrative litigation, and banking practices in Mexico.
About Greenberg Traurig: Greenberg Traurig, LLP has more than 2750 attorneys in 47 locations in the United States, Europe and the Middle East, Latin America, and Asia. The firm is a 2022 BTI “Highly Recommended Law Firm” for superior client service and is consistently among the top firms on the Am Law Global 100 and NLJ 500. Greenberg Traurig is Mansfield Rule 6.0 Certified Plus by The Diversity Lab. The firm is recognized for powering its U.S. offices with 100% renewable energy as certified by the Center for Resource Solutions Green-e® Energy program and is a member of the U.S. EPA’s Green Power Partnership Program. The firm is known for its philanthropic giving, innovation, diversity, and pro bono. Web: www.gtlaw.com.