Infrastructure Investment Funds $2.78 billion acquisition of El Paso Electric

3/6/2019
Private acquisition

$ 2.78 billion

Announced

3/6/2019


Overview:

  • The Infrastructure Investments Fund (IIF) has acquired El Paso Electric in a $2.78 billion deal. 
  • IIF is an investment vehicle that is advised by JP Morgan Investment Management. 
  • El Paso provides electricity to customers in the Rio Grande Valley. 
  • BofA Merrill Lynch acted as financial adviser for IIF and Lazard advised El Paso Electric. 

Kurt Stumpo - US Editor

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