BEST INFRASTRUCTURE FINANCING: MEXICO

BEST INFRASTRUCTURE FINANCING: MEXICO

  When Actis announced the acquisition of InterGen’s $1.26 billion in portfolio of energy assets in Mexico, it set in motion one of the largest M&A transactions and complicated capital markets deals of the past two years. The UK-based emerging markets investor had previously taken out loans to cover investments in Mexico but it had never done it with project bonds. But before it could go to the bond market, it had to create a new subsidiary – Cometa Energía – to complete the acquisition. In April, Cometa Energía issued $860 million in bonds to help fund the $1.26 billion deal. It marked the largest bond sale to finance an acquisition in Latin America. It also marked the largest bond i

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