Esentia Energy Development, a fully integrated natural gas pipeline network in Mexico and a portfolio company of Partners Group, has begun trading on the Mexican Stock Exchange following the pricing of its initial public offering (IPO). The listing represents one of the first IPOs in Mexico with an international distribution since 2018, the first IPO of an energy infrastructure company in Latin America since 2021 and the largest IPO in Latin America in 2025.
The IPO of 224 million shares of Esentia’s common stock priced at 45 Mexican pesos ($2.43) per share on Nov. 19. The shares also were sold in a private offering in the United States to qualified institutional buyers and outside the United States.
Following the IPO, funds affiliated with or advised by affiliates of Partners Group will hold approximately 70 percent of Esentia’s issued and outstanding common stock, assuming the option to purchase additional shares is not exercised.
Partners Group, which has
