Announced
Financials
Sources
Tags
electricity transmission
Cross Border
Friendly
Acquisition
Pending
Brazil
Electricity Distribution
Majority
Single Bidder
Private Equity
Private
Synopsis
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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