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

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.