Milbank LLP represented Saavi Energía (“Saavi”), a portfolio company of Global Infrastructure Partners, in connection with the acquisition of the Tierra Mojada combined cycle power plant in Jalisco, Mexico from Fisterra and Blackstone.
The Milbank team was led by M&A partners Dean Sattler and Andrew Fadale, with Global Project, Energy and Infrastructure Finance partners Dan Bartfeld and Carolina Walther-Meade leading Saavi’s financing in connection with the transaction and assisting with a related LC facility. The Milbank team also included Global Tax partner Max Goodman and Global Risk and National Security partner Dara Panahy, special counsels Bijan Ganji, John Garces, Kristina Hokenberg and Evelyn Liristis, and associates Adeola Adeyosoye, Jinney Chung, Vince El Hayek, Tiffany Han, Riah Kim, Pinky Mehta, Pragyan Patnaik, Michael Rivkin, Sam Smith, Michelle Song and Alex Wang.
Mr. Sattler noted, “We are pleased to have advised Saavi in their significant acquisition of Tierra Mojada, a key step in Saavi’s mission to provide efficient energy in Mexico.”
Mr. Bartfeld added, “This acquisition is another example of the very active M&A market in Latin America. We continue to support our clients in their most significant buy-side and sell-side mandates, and anticipate continued strong activity in the region throughout 2023.”
Milbank continues to have the lead legal role in many of the most significant Latin American energy and infrastructure matters and regularly advises clients on a wide range of securities, financing and acquisition transactions. The firm was recently recognized as “Global Legal Adviser of the Year” and “Latin America International Legal Adviser of the Year” by IJGlobal, “Latin America Legal Advisor of the Year” by Proximo and “Banking & Finance Legal Adviser of the Year” by Bonds & Loans Latin America & Caribbean Awards.
