Gas Network Esentia Looks to Raise $610 Million in Global Offer

Esentia Energy Development SA de CV is seeking to raise around $610 million, much of it through an initial public offering in Mexico, as the midstream gas company looks to tap demand from firms moving operations closer to US customers.

The Partners Group Holding AG-backed company will offer 186 million new shares, while a leading shareholder will sell another 38 million, according to a company statement on Monday. The shares will be sold in a global offering at a range of $2.70 to $3.90 each.

Books are expected to close on Nov. 19, the company said in a filing ...