Partners Group buys stake in Mexican gas transporter Fermaca

Partners Group buys stake in Mexican gas transporter Fermaca

M&A

Swiss private equity firm Partners Group has bought a majority stake in Fermaca, a Mexican gas pipeline operator, in a deal that is likely to be one of many as interest grows around the country’s energy industry. Partners bought the stake from Ospraie Management, in a deal that puts Fermaca’s enterprise value at $750m. The deal was funded through mezzanine debt and equity. Fermaca operates two gas pipelines in Mexico — one crossing the border from the US to Chihuahua, and the other in Toluca — w

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