18 July 2023
BBVA México acts as financial advisor to Mexico infrastructure Partners in its sale of 50% of MXT Holdings to Ardian
BBVA congratulates México Infrastructure Partners, Ardian and MXT Holdings for the successful sale of 50% of MIP’s stake in MXT Holdings to Ardian, which will complete the acquisition of a portfolio of approximately 200 towers and 1,800 km of metropolitan optic fiber from Telefónica, as well as strategic acquisitions of digital infrastructure assets in Mexico, to grow MXT’s platform.
The deal represents Ardian’s first direct investment in Mexico, and will be financed through primary equity by both funds.
MXT Holding is MIP’s digital infrastructure platform, focused on developing, acquiring and operating neutral-host telecommunications in Mexico, offering Wireless and fiber optic services.
Mexico Infrastructure Partners (MIP) is the largest manager of infrastructure funds (known as EXI Funds) in Mexico. MIP manages around USD3.75 billion through five funds: four in Mexico (CKDs and CERPIs), one in Colombia, and two Fibra Es in Mexico, with 28 projects diversified across 7 infrastructure and energy sectors. It has a seasoned team of professionals with more than 100 years of shared experience among them.
Ardian is one of the world’s largest infrastructure funds, managing approximately USD 150 billion for around 1,400 clients around the globe. It has extensive experience in private equity, real assets and credit, and a team of more than 1,050 employees working in 16 offices in Europe, the Americas, Asia and the Middle East.
BBVA México’s experience and capacities in the digital infrastructure sector have been fundamental to the success of this transaction, which also reaffirms its leadership in the league tables.