Cox

Cox / Cox closes a 5-year $115mn US Private Placement with Allianz...

Cox closes a 5-year $115mn US Private Placement with Allianz Capital Partners of America to accelerate the execution of its Strategic Plan

  • The Private Placement is a 5-year senior note, and benefits from Cox’s existing rating (BBB- by HR Ratings).

 

  • The issuance will enable Cox to accelerate the execution of its Strategic Plan across Water and Energy infrastructure assets within its core regions.

 

  • The transaction has been backed by Allianz Capital Partners of America, which is a testimony of its support in the Company’s management team, business model and growth strategy.

 

Madrid, July 10, 2025. Cox, a Water and Energy utility, has successfully completed a 5-year Private Placement with Allianz Capital Partners of America for a total amount of $115 million. This transaction demonstrates the market’s confidence in the company’s business model and its long-term growth strategy, with the support of a key institutional investor such as Capital Partners of America.

 

The incorporation of such qualified investor provides a highly relevant partner that will go alongside the company through its growth strategy. This transaction is part of Cox’s global strategy to consolidate its expansion in its eight key markets, strengthening the company’s financial structure.

Enrique Riquelme, Executive Chairman of Cox, stresses that “We are very satisfied with the trust placed into the Company by Capital Partners of America. This support will allow us to accelerate our growth and strengthen our financial structure. With these new resources, we are in an optimal position to continue growing, consolidate our presence in the market and continue generating value.”

 

The transaction was advised by Banco Santander as sole placement agent, Morrison Foerster as lead legal advisor to the issuer and Rimôn Law as lead legal advisor to the investor.

 

The company has also recently obtained an Investment Grade rating  (BBB- with a stable outlook) by the HR Ratings agency, a recognition that facilitates access to more favourable financing conditions and reinforces investor confidence.

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Luis Arizaga Zárate

Independent Director

Member of the Audit Committee

Date of appointment: September 17, 2024

Shareholding in Cox Abg Group, S.A.: 11,514 shares

Partner of Exus Management Partners (Exus) and GenuX Power, a global renewable energy platform with offices in nine countries, managing 11GW of installed capacity, including 2.6GW in Mexico between wind and solar energy projects. Holds a Master of Business Administration (MBA) from the Leonard N. Stern School of Business at NYU in New York, and a bachelors degree in Accounting and Finance from ITESM in Mexico.

Prior to joining EXUS in 2019, he founded EIRA Capital, an investment platform focused on Energy and Infrastructure transactions in Mexico, and Latin America. He was also part of Australia’s Macquarie Group in Latin America, where he spent more than 7 years in the Macquarie Capital and Macquarie Funds divisions, working on fund capital raising, equity investments, asset management activities, as well as third party advisory roles on energy and infrastructure transactions in Mexico and Latin America. During his years at Macquarie, he also held board positions in the several investments made by Macquarie which covered energy, public private partnerships, roads, and telecom companies. In addition, his previous involvement at financial institutions include positions in the investment banking teams of Deutsche Bank’s M&A group in New York, and Citibank’s M&A group in Mexico.

Other former relevant positions include his role as independent member of the investment committee of the Instituto del Fondo Nacional de la Vivienda para los Trabajadores (Mexican mortgages and housing government agency).

Enrique Riquelme Vives

Presidente Ejecutivo

Fecha de nombramiento: 17 de septiembre de 2024

Participación en el capital social de Cox Abg Group, S.A.: 50.601.230 acciones

COX

Presidente Ejecutivo de Cox, tras iniciar su andadura profesional en el sector inmobiliario y de la construcción, en 2010 fundó Grupo El Sol en Panamá, especializado en operaciones de minería, cemento, infraestructuras y energía. Con el tiempo, la empresa se convertiría en el mayor proveedor de arena de la UTE responsable de la ampliación del canal de Panamá. Posteriormente, pasó a liderar las fases de oferta y desarrollo de Rainbow 50: el proyecto fotovoltaico de mayor envergadura ejecutado en América Latina hasta aquel momento.

Ha recibido varios galardones por su contribución al mundo empresarial en España, entre ellos el Premio del Certamen Nacional de Jóvenes Emprendedores 2018. También ha sido distinguido como uno de los «100 latinos más influyentes comprometidos con la acción climática» y uno de los «100 españoles más creativos del mundo de los negocios» según la revista Forbes. Actualmente, es miembro del Consejo Internacional de la San Telmo Business School y preside el Consejo Asesor de la Fundación Scholas para Panamá, Centroamérica y Caribe.