Jones Day advises on transaction awarded Private Equity Deal of the Year by LatinFinance
A transaction in which Jones Day acted as lead counsel in Mexico has been awarded Private Equity Deal of the Year at the LatinFinance Deals of the Year Awards 2017. A Jones Day team, led by partner Alberto de la Parra and including associates Arturo de la Parra and Regina Fajardo, acted on behalf of Fisterra Energy, a subsidiary of The Blackstone Group, in connection with the approximately $900 million sale of Mexican wind farm, Ventika, to Sempra Energy-subsidiary, IEnova.
LatinFinance's Deals of the Year Awards recognize the outstanding institutions and transactions in the capital markets of Latin America and the Caribbean. The awards are regarded as a preeminent marker of excellence in the industry and are chosen by LatinFinance's editors, based on an exhaustive selection process involving in-depth examination of data and extensive interviews with market participants.
The Ventika wind energy complex is comprised of two wind farms located adjacent to each other, approximately 35 miles from the U.S. border in the northern Mexican state of Nuevo Leon. Featuring 84 turbines, the project is said to be the largest wind farm of its kind in Mexico and one of the largest in Latin America. The $900 million sale of Ventika follows on from Jones Day's earlier representation of Fisterra Energy in the acquisition, financing, and construction of the 252 MW twin wind farm.
Jones Day is a global law firm with more than 2,500 lawyers in 42 offices across five continents. The Firm is distinguished by: a singular tradition of client service; the mutual commitment to, and the seamless collaboration of, a true partnership; formidable legal talent across multiple disciplines and jurisdictions; and shared professional values that focus on client needs.