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Partners Group Private Equity Ltd on Thursday announced the sale of Convex Group, a specialty property and casualty insurer. The investment holding company that backs private equity direct investments, managed by Partners Group AG, said Convex was its 18th largest investee company at the end of September. The transaction values Partners Group’s shares in Convex at around €23 million, an 11% uplift to the latest published net asset value. Separately, Partners Group announced that Esentia Energy Development, its 11th largest portfolio firm as at late September, has listed on the Mexican Stock Exchange on November 20 at a target price of MXN45, around £1.86, per share. As the initial public offering in Mexico is of 224.0 million shares, it values Esentia’s listed shares in Mexico at the time of the IPO at MXN10.08 billion, or £415.4 million. Following Esentia’s first trading day closing at MXN46 per share, Partners Group expects to receive about €3.8 million in proceeds and retain an exposure of around €10.6 million as of November 21, for a combined value of €14.4 million. Partners Group said Esentia transports about 16% of Mexico’s daily natural gas demand and operates the largest privately held, interconnected gas system in Mexico. Partners Group shares were flat at 896.00 pence each on Thursday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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