Partners Group has acquired a majority stake in Mexican gas services company Fermaca for $750 million, according to a statement.
Fermaca builds, owns and operates gas pipelines and other energy assets in Mexico. Partners Group expects the company to benefit from the Mexican Energy Reform, approved last December, which allows private investment in the country’s oil and gas sectors for the first time since 1938. It is unclear which fund Partners Group made the investment from.
“Mexico will need capital investment of over $10 billion for natural gas infrastructure over the next 5 years to meet its targeted growth plan,” Fermaca founders Fernando and Manuel Calvillo Alvarez said in the statement. “With the abundance of projects planned, and the very favourable political and regulatory framework provided by the Reform, we find the current environment extremely attractive to continue building, owning and operating new gas infrastructure assets.”
Partners Group was unavailable for comment at press time. The firm’s Latin American practice operates out of Partners Group’s Sao Paulo office which opened in 2011.
Partners Group and an investor consortium including Starr Investment Holdings acquired healthcare services business MultiPlan from BC Partners and Silver Lake for $4.4 billion on Monday, just three days after Partners closed its largest-ever direct investment fund on its €1.5 billion hard-cap. Fund III will invest globally but has a 40 percent allocation to “Asia and rest of world”, the majority of which is likely to be deployed in the Asia Pacific region, according to the firm.
Switzerland-based Partners Group was founded in 1996 and has more than €30 billion in assets under management in private equity, private real estate and private infrastructure.