Milbank LLP advised leading sustainable energy investor Actis in connection with the sale of Saavi Energía (“Saavi”), which owns a portfolio of power generation assets in Mexico, to a newly formed vehicle held by Global Infrastructure Partners (“GIP”). Saavi was originally created through Actis’ acquisition of InterGen’s Mexico portfolio based on fundamentals for investing in power generation in a growing energy market where gas-fired generation is a key element to enabling the energy transition. Saavi, which is the largest privately held stand-alone power generator in Mexico, also provides reserve capacity for specified markets in California. GIP, headquartered in New York, focuses on control and co-control infrastructure investments in its core sectors. The Milbank deal team was led by Global Corporate partners John Franchini and Aaron Stine, along with associates Alex Wang, Jordan Dror and Erin Perley. The team also included Tax partner Max Goodman and associate Michael Rivkin, Project, Energy and Infrastructure Finance partner Dan Bartfeld and associates Javad Asghari, Chad Richards and Cathy Zhu, Global Capital Markets partner Carlos Albarracín and associate Lyndon Plothow, Global Risk & National Security partner Dara Panahy, special counsel Bijan Ganji and associate Sean Heiden, Environmental partner Matt Ahrens and regulatory advisor Jim Liles. Mr. Franchini said, “We are pleased to have had the opportunity to support Actis on its initial acquisition of Saavi and the recent sale of Saavi to GIP. This transaction further demonstrates the continued significant activity levels in the power sector in Mexico.”