DLA Piper Supports Grupo Cox in Major US$4.2 Billion Iberdrola Acquisition in Mexico

DLA Piper's Guidance in Grupo Cox's Landmark Acquisition of Iberdrola

In a significant transaction in the energy sector, DLA Piper has played a crucial role in advising Grupo Cox, a prominent Spanish multinational committed to water and energy, on its acquisition of Iberdrola's assets in Mexico. This deal, valued at an impressive $4.2 billion, stands out as one of the year's most noteworthy cross-border energy transactions.

Francisco J. Cerezo, who heads the US-Latin America and Ibero-American practices at DLA Piper, expressed gratitude for the opportunity to assist Grupo Cox in this landmark acquisition. Cerezo, who co-led the deal team, believes that the successful closure of this deal sets a precedent for future cross-border initiatives. His sentiments echo the appreciation of Antonio Medina Cuadros, Chief Legal Officer and Secretary General of Grupo Cox, who commended the DLA Piper team's tireless work ethic and professionalism that greatly contributed to the complexity and success of the transaction.

The DLA Piper team comprised over 40 skilled attorneys, with notable involvement from Mauricio Valdespino, the co-lead partner based in Mexico City. Additionally, the team included various partners across different locations, such as Edgar Romo, Guillermo Aguayo, and Roberto Ríos in Mexico City, as well as Robert da Silva Ashley in Miami and further support from offices in New York and Madrid.

DLA Piper, recognized for its exceptional track record in the global market, has been rated the top firm for global M&A volume for 15 consecutive years, according to Mergermarket. Such accolades reflect the firm's capability in executing intricate transactions, effectively aiding clients at all stages of their development.

The firm’s Latin America team provides comprehensive legal support to both domestic and multinational corporations with interests throughout the region. By merging local insights with global resources, they ensure that their clients receive outstanding service tailored to the complexities of international business. With more than 400 lawyers operating in countries including Argentina, Brazil, and Chile, alongside US-based cross-border attorneys, DLA Piper is well-positioned to navigate the diverse landscapes of Latin America and beyond.

In recognition of its dedication to client service, DLA Piper has recently been awarded the highest ranking for law firm client service in the BTI Client Service A-Team 2025 report, which evaluates law firms based on client feedback.

This acquisition marks a pivotal moment not only for Grupo Cox as it expands its footprint in the Mexican energy market but also for DLA Piper as it continues to establish itself as a dominant force in complex cross-border transactions. As Grupo Cox moves forward, it is anticipated they will navigate new opportunities created by this significant purchase.

For further updates regarding Grupo Cox’s ventures and the evolving landscape of the energy sector in Mexico, stay tuned as DLA Piper continues to support their legal needs for any future initiatives.