Actis has acquired InterGen’s Mexican portfolio of businesses for a consolidated enterprise value of $1.256 billion.
The deal is Actis’ largest acquisition to date. The Mexico-focused platform will be rebranded as Saavi Energia.
InterGen’s Mexico portfolio includes 2.2 gigawatts in operation with six combined-cycle gas turbine projects and a 155-megawatt wind project with partner IEnova. InterGen also owns and operates three gas compression stations and one 40-mile gas pipeline in Mexico.
This is Actis’ third investment in Mexico, following its establishment of Zuma Energía, a Mexican renewable platform, in September 2014 and its establishment of Atlas Renewable Energy, a pan-regional renewables platform with a presence in Mexico, Brazil, Chile and Uruguay, in 2016. More broadly, across Latin America, Actis has committed more than $3 billion in investments to date.
