Cuatrecasas advises Macquarie Asset Management on strategic acquisition on Mexican’s gas Pipeline
Cuatrecasas has guided Macquarie Asset Management (MAM) on its acquisition of a 45% stake in the “Los Ramones II Sur” gas pipeline from Brookfield Asset Management, as well as on the related financing arrangements. The transaction, finalized on January 13, 2025, marks a significant development in Mexico’s energy infrastructure landscape.
Following the deal, TAG Pipelines Sur, the company that owns and operates the pipeline, is now jointly owned by Engie (50%), MAM (45%), and Pemex (5%). The acquisition was partially financed through a syndicated credit agreement totaling USD $195 million, including letters of credit. Crédit Agricole, Mizuho, MUFG, and SMBC were the lenders involved in this financing.
The “Los Ramones II Sur” pipeline plays a critical role in Mexico’s energy supply chain, transporting natural gas from the United States to Mexico and meeting approximately 20% of the country’s total natural gas demand. Spanning 291 kilometers, it traverses Tamaulipas, Nuevo León, San Luis Potosí, Querétaro, and Guanajuato.
The Cuatrecasas team leading this transaction included partners León López (pictured), Santiago Ferrer, Marco Antonio de la Peña, and Gizeh Polo. They were supported by associates Rafael Rodríguez, Fernando Ruiz, Luis Fernando Díaz Simón, Mariana Padilla, Daniela Sancliment, and Ivana Muñiz.
