Actis acquires InterGen’s Mexican portfolio
Mexico InterGen’s business interests in Mexico, which include six combined-cycle gas turbine projects, a 155-MW wind project, three gas compression stations and a 65-kilometre gas pipeline, were sold for an enterprise value of USD 1.256 billion.
The portfolio will be rebranded as Saavi Energia and is Actis’ largest acquisition to date.
“This is a landmark transaction that further cements our commitment to the Mexican power sector,” Michael Harrington, an Actis energy partner, said in a company statement. “We are delighted to invest behind the successful business that InterGen has created, and continue to build it into a leading platform in the region. This is an important building block that underpins Actis’ focused strategy of creating scalable energy businesses in key growth markets.”
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