Grupo Cox Completes $4.2 Billion Acquisition of Iberdrola Mexico
Deal News | Aug 02, 2025 | PR Newswire Cision DLA Piper
In one of the largest cross-border energy transactions of the year, DLA Piper has provided legal counsel to Grupo Cox, a leading Spanish multinational water and energy company, in its acquisition of Iberdrola's assets in Mexico valued at $4.2 billion. This deal demonstrates Grupo Cox's significant expansion in the Mexican market. Francisco J. Cerezo, who led the transaction team, praised the opportunity and expressed eagerness for future collaborations. Antonio Medina Cuadros, Grupo Cox's Chief Legal Officer, commended the professionalism and dedication of the DLA Piper team. The cross-border legal team was comprised of over 40 attorneys from offices around the world, showcasing DLA Piper's global reach. A recognized leader in M&A volumes globally, DLA Piper continues to aid its clients with complex transactions and business endeavors.
Sectors
- Energy
- Legal Services
Geography
- Mexico – Grupo Cox acquired assets from Iberdrola in Mexico, central to the transaction.
- Spain – Grupo Cox, the acquiring company, is a leading multinational based in Spain.
- United States – The news release originated from New York, and involved legal professionals from the U.S., illustrating international involvement.
Industry
- Energy – The acquisition involves energy assets of Iberdrola in Mexico, highlighting a significant investment in the energy sector.
- Legal Services – DLA Piper, a major law firm, facilitated the acquisition, showcasing the role of legal advisors in large M&A transactions.
Financials
- 4.2 billion USD – The acquisition price for Iberdrola's Mexican assets by Grupo Cox.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Grupo Cox | Bidding Company | Companies | A leading Spanish multinational in water and energy. |
| Iberdrola Mexico | Target Company | Companies | The Mexican assets of Iberdrola acquired by Grupo Cox. |
| DLA Piper | Legal Advisor | Companies | Provided legal counsel to Grupo Cox in the acquisition. |
| Francisco J. Cerezo | Team Lead | People | Chair of the US-Latin America and Ibero-America practice at DLA Piper. |
| Antonio Medina Cuadros | Chief Legal Officer | People | Chief Legal Officer and General Secretary of Grupo Cox. |
| Mauricio Valdespino | Partner | People | Partner at DLA Piper in Mexico City, leading the cross-border team. |