Grupo Cox Completes $4.2 Billion Acquisition of Iberdrola Mexico
Deal News | Aug 02, 2025 | PR Newswire Cision DLA Piper
Grupo Cox, a leading Spanish multinational in the water and energy sector, has completed the acquisition of Iberdrola Mexico's assets for USD 4.2 billion. The transaction, advised by DLA Piper, is highlighted as one of the most significant cross-border deals in the energy sector this year. DLA Piper's cross-border team, led by Francisco J. Cerezo and Mauricio Valdespino, facilitated the complex transaction. Grupo Cox's legal head, Antonio Medina Cuadros, praised the firm's professionalism and dedication in handling the deal. With a substantial global presence and a high ranking in M&A activities, DLA Piper continues to support clients through complex transactions globally.
Sectors
- Energy
- Legal Services
Geography
- Mexico – The acquisition involves Iberdrola's assets in Mexico, making it a key geographic location in the transaction.
- Spain – Grupo Cox, a Spanish multinational, led the acquisition, emphasizing its operational base and strategic reach.
- United States – DLA Piper's team, including those based in Miami and New York, played a significant role in advising the transaction, underscoring the importance of the U.S. in the advisory process.
Industry
- Energy – The transaction involves the acquisition of assets in the energy sector, specifically involving Grupo Cox and Iberdrola Mexico.
- Legal Services – DLA Piper provided legal advisory services for the acquisition process, highlighting the firm's involvement in high-stakes legal processes and transactions.
Financials
- 4.2 billion USD – The total consideration paid by Grupo Cox for acquiring Iberdrola's assets in Mexico.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Grupo Cox | Buyer | Company | A leading Spanish multinational involved in the water and energy sectors, acquiring Iberdrola's assets in Mexico. |
| Iberdrola Mexico | Target Company | Company | A segment of Iberdrola's operations in Mexico, involved in generating and distributing energy, acquired by Grupo Cox. |
| DLA Piper | Legal Advisor | Company | An international law firm advising on the acquisition, leveraging their extensive experience in global legal services. |
| Francisco J. Cerezo | Lead Legal Advisor | Person | Chair of the U.S.-Latin America and Iberian Practices at DLA Piper, co-leading the advisory team for the transaction. |
| Mauricio Valdespino | Co-Lead Legal Advisor | Person | Partner at DLA Piper based in Mexico, co-leading the team in the advisory role for the acquisition. |
| Antonio Medina Cuadros | Legal Head | Person | Legal director and secretary general of Grupo Cox, involved in overseeing legal proceedings for the acquisition. |