Latham & Watkins Advises GIP on Combination of Power Generation Assets of Saavi Energia With Grupo Mexico’s

Grupo México, S.A.B. de C.V., a leading Mexican conglomerate in the mining, transportation, and infrastructure sectors, announces that, through its infrastructure division, it has completed the transaction to combine its power generation assets with Saavi Energía to create a leading private power generator in Mexico alongside Global Infrastructure Partners (GIP). As a result of the transaction, Grupo México will own 70% of the new consortium, while GIP will retain a 30% ownership interest. The closing of the transaction creates a diversified power generation platform consisting of 14 strategically located facilities in high-demand regions across Mexico, with a combined installed capacity of 4,510 MW, as well as a development pipeline of approximately 5,000 MW.

Latham previously advised GIP on its original acquisition of Saavi Energía.

Latham & Watkins LLP advised GIP in the transaction with a corporate team led by Tony Del Pino and Carlos Ardila, with associates Francisco Lanusse, Andres Medina, Jeremie Ruiz, and international visiting associate Giancarlo Carrazza. Advice was also provided on tax matters by partner Alan Kimball, with associates Christina McLeod and Allison Esquen Roca; on antitrust matters by partners Jason Cruise and Tomas Nilsson and counsel Jamie Sadler, with associate Chris Salvatore; on energy regulatory matters by partner Tyler Brown, with associate Richard Griffin; on foreign investment regulatory matters by partner Jim Barker, with associates Monica Calce and Dillon Curtis; on compliance matters by partner Katherine Sawyer; on trade sanctions matters by partner Andrew Galdes; on environmental matters by partner Janice Schneider, with associate Brian McCall; on representation and warranty insurance matters by partner Drew Levin and counsel Hannah Cary, with associate Enrique Covarrubias; on intellectual property matters by partner Jeff Tochner, with associate Ece Gonulal; on data privacy matters by partner Robert Brown, with associate Sarah Zahedi; and on employment matters by counsel Laura Szarmach.