KKR to take stake in IEnova

KKR to take stake in IEnova

M&A Funds Equity Mexico United States USMCA Project & Infrastructure Finance Energy Gas Pipelines Wind LNG

US investment firm KKR has agreed to buy a non-controlling stake in Mexico's IEnova as part of a larger deal with the natural gas pipeline operator's parent company, San Diego-based Sempra Energy. KKR will pay $3.37 billion for 20% of Sempra Infrastructure Partners, a recent spin-off that includes natural gas companies on the Pacific and Gulf coasts in North America and 4 GW of renewable energy projects, according to a press release from Sempra. The US energy company's new division also owns the

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