December 5, 2024 – Baker McKenzie was recognized at the IJInvestor Americas Awards ceremony for its representation of Iberdrola in the company’s sale of 55% of its Mexican business for USD 6 billion to Mexico Infrastructure Partners (MIP). The transaction included the sale of 13 power generation plants with an installed capacity of 8,539 MW.
Reviewed by an international judging committee, comprising established energy and infrastructure professionals, the IJInvestor Awards recognizes the best fundraising, deployment, and M&A activity in the energy and infrastructure sector. The Market Impact Award is a new category spotlighting an acquisition that has materially changed the landscape of the energy and infrastructure market.
José Morán, North America’s Projects Chair of the Firm’s EMI group commented: “We are thankful to the entire team at Iberdrola for the opportunity to assist Iberdrola in this matter, especially to David Mesonero, Miguel Gallardo, Santiago Serrano Rubio, Marta Valverde Rovirosa and Gonzalo Cerón Hernández. But for this team the deal would have not been possible.”
The Baker Mckenzie Team was comprised of Antonio Morales, José Morán, Reynaldo Vizcarra-Mendez, Benjamín-Torres Barrón, Lorenzo Ruiz de Velasco, and Lewis Popoff.
Baker McKenzie is at the forefront of market-leading deals within this context in the renewable energy and clean technology sector. Our multidisciplinary global team helps energy producers, investors and users forge their energy transition journey in an increasingly complex regulatory environment, enabling them to transform, powerfully.
With more than 850 lawyers across our Latin America operations, we have offices in every major jurisdiction in the region. We have a long history of providing expert advice to clients in every major industry across 14 practice areas and are ranked Bands 1 and 2 in Banking & Finance and Corporate/M&A in Brazil, Mexico, Colombia, Peru and Venezuela.
Learn more about the transaction here: https://www.bakermckenzie.com/en/newsroom/2023/04/iberdrola-sale-of-over-8400-mw-of-combined-cycle-gas
