DLA Piper recently assisted Grupo Cox in the acquisition of Iberdrola’s Mexico assets for a staggering US$4.2 billion, making it one of the most prominent cross-border transactions in the energy sector for 2025. This Spanish multinational water and energy company closed the deal according to the terms, timeline, and structure that were initially disclosed to the public in July, when the agreement was first signed between Cox and Iberdrola. This significant transaction also includes a generation platform.