Partners Group Buys $750M Stake In Mexico's Fermaca

Law360, New York (February 20, 2014, 5:40 PM EST) -- Private equity firm Partners Group on Thursday bought a majority stake in Mexico's hydrocarbon pipeline developer and operator Fermaca for $750 million, the companies said.

Partners Group said it will fund the investment with mezzanine debt and equity, and will include the company in its core energy infrastructure assets. It didn't disclose the size of the stake.

Fermaca runs 20 percent of Mexico's consumed natural gas through its assets, about 1.2 billion million metric British thermal units per day, according to its figures. Fermaca wants to...
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