Latham & Watkins Advised On Largest IPO In Latin America In 2025
Latham & Watkins advised the initial purchasers in the MXN 11.6 billion (US$630 million) global initial public offering
Latham & Watkins Advised on Largest IPO in Latin America in 2025
Latham & Watkins advised the initial purchasers in the MXN 11.6 billion (US$630 million) global initial public offering of common stock by Esentia Energy Development, S.A.B. de C.V. (Esentia), including the full exercise of an overallotment option granted to the initial purchasers. The common stock, which was sold in a registered offering in Mexico and a private placement in the United States and elsewhere outside Mexico, is listed on the Mexican Stock Exchange. The offering was the largest IPO in Latin America in 2025.
Esentia is a leading company in Mexico’s energy sector, specializing in the transportation and commercialization of natural gas. With over 20 years of experience, Esentia develops infrastructure projects that foster growth and expand access to energy, contributing to Mexico’s well-being and sustainable development. Esentia operates Mexico’s largest interconnected natural gas system, which delivers reliable, cost-efficient natural gas from Waha, Texas, across central Mexico to the country’s key industrial regions.
The Latham & Watkins LLP team was led by Roderick Branch (Partner), Ryan Maierson (Partner), Philip Wolf (Partner), and Manasi Bhattacharyya (Counsel), with Concepción Olivera (Associate), and international visiting Emiliano Flores (Associate), and Jorge Hinzpeter (Associate). Advice was also provided on US tax matters by Rene de Vera (Partner) and Bora Bozkurt (Partner).
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