International Finance Corporation and China-Mexico Fund’s $61.8 Million Investment in Citla Energy, S.A.P.I. De C.V.


González Calvillo, Galicia Abogados and Shearman & Sterling advised on the transaction

Citla Energy, S.A.P.I. De C.V. operates as a subsidiary of ACON Investments, LLC.

The company perates as an independent exploration and production company. It focuses on acquiring and building a portfolio of onshore and offshore assets in the Continental United States, the Gulf of Mexico, and South America. The company is based in Mexico City, Mexico with an additional office in Houston, Texas.

ACON Investments, L.L.C. is a private equity firm specializing in investments in buyouts, industry consolidation, and turnarounds in mature and middle market companies. The firm is based in Washington.

González Calvillo advised ACON Investments and Citla Energy with Jaime Cortés Alvarez (Picture).

Galicia Abogados advised the International Finance Corporation with Antonio Borja, Humberto Pérez-Rocha, Guillermo Parra and Juan Carlos Burgos.

In US, Shearman & Sterling advised the International Finance Corporation with Devin Lei and Ali Hassanali.

Involved fees earner: Jaime Cortés Alvarez – Gonzalez Calvillo Abogados; Humberto Perez-Rocha – Galicia Abogados, S.C; Antonio Borja Charles – Galicia Abogados, S.C; Guillermo Parra – Galicia Abogados, S.C; Juan Carlos Burgos Carbajal – Galicia Abogados, S.C; Ali Hassanali – Shearman & Sterling; Devin Lei – Shearman & Sterling;

Law Firms: Gonzalez Calvillo Abogados; Galicia Abogados, S.C; Shearman & Sterling;

Clients: International Finance Corporation; Citla Energy, S.A.P.I. de C.V.; ACON Investments, L.L.C.;

Author: Ambrogio Visconti.