Latham & Watkins Advises GIP on Combination of Power Generation Assets of Saavi Energía With Grupo México
Saavi Energía S.à.r.l. (Saavi Energía) has announced that Global Infrastructure Partners (GIP), or affiliates thereof, have entered into a definitive agreement to combine its power generation assets (and all other infrastructure assets in Saavi Energía) with Grupo México’s power generation assets. The combined entity will be 70% owned by Grupo México and 30% by GIP.
The combination will create a diversified power generation platform featuring 10 conventional and renewable power plants in high‑demand areas throughout the country, as well as mobile power solutions and gas compressor‑related businesses, with enhanced scale, operational synergies, and a strengthened combined output of 4,510 MW and a project 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 Antonio Del Pino and Carlos Ardila, with associates Francisco Lanusse, Andres Medina, Jeremie Ruiz, and 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; 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.