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New Deal


Announced

Ontario Teachers' Pension Plan Board to acquire Evoltz from TPG Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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electricity transmission

Cross Border

Friendly

Acquisition

Pending

Brazil

Electricity Distribution

Majority

Single Bidder

Private Equity

Private

Synopsis

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Ontario Teachers' Pension Plan Board agreed to acquire Evoltz, an electricity transmission platform in Brazil, from TPG Capital, a global alternative asset firm. Financial terms were not disclosed. "Evoltz is a highly attractive portfolio of power transmission concessions that provides reliable power to businesses and consumers across Brazil. Our strategy focuses on allocating significant capital to high-quality core infrastructure assets with lower risks and stable inflation-linked cash flows. Electricity transmission businesses are particularly attractive given their importance in facilitating a transition to a low-carbon economy," Dale Burgess, Ontario Teachers Senior Managing Director.

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