Access in Mexican gas operator deal

Access Capital has acquired a 40% stake in Igasamex, a natural gas operator with a strong presence in Mexico. Access made the deal on behalf of its customer base.

Access Capital Advisers purchased an interest in natural gas operator Integrated Gas Services de Mexico (Igasamex), the company has revealed.

Igasamex is a natural gas distributor headquartered in Mexico, focused on pipeline construction and operation, according to Access.

The acquisition, a 40.1 percent equity stake, was made on behalf of its clientele, Access said, without disclosing the purchase price.

Access acuired its equity stake from SaskEnergy, a natural gas transmission, storage and distribution company in Canada.

In a statement, Access client Prime Super, a superannuation fund dedicated to rurual Australia, called Igasamex a “perfect fit” for its portfolio.

In August, Access purchased a 20.8 percent stake in Australian parking company International Parking Group for Prime Super, a A$1 billion (€747 million; $1 billion) pension fund.

Access, an alternative asset manager based out of Australia, has $10 billion under management.