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New Deal


Announced

Comerc Participacoes to acquire Energea Salinas, Energea Pedrinopolis and Energea Tres Pontas from BTG Pactual and Energea Global for $41m.

Financials

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Transaction Value£32m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Brazil

Domestic

Acquisition

Single Bidder

Majority

Renewable Energy Equipment

Pending

solar farms

Private

Friendly

Synopsis

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Comerc Participacoes, a Brazilian power company, agreed to acquire three firms own solar farms, Energea Salinas, Energea Pedrinopolis and Energea Tres Pontas from BTG Pactual, a Brazilian financial company, and Energea Global, a renewable energy portfolio manager, for $41m. The acquired special purpose companies are in the final stages of construction and expand the company's installed capacity by 28.5 MWp after its completion. The effectiveness of the operation still depends on the approval of the Administrative Council for Economic Defense.

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