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Announced

Glenfarne-backed EnfraGen and Partners Group to acquire six assets in Panama and Costa Rica from Grupo Argos-backed Celsia for $194m.

Financials

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Transaction Value£154m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Costa Rica

Pending

Majority

Private Equity

renewable energy plant

Cross Border

Acquisition

Private

Disposal

Panama

Alternative Fuels

Friendly

Synopsis

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Glenfarne Energy Transition-backed EnfraGen, an energy company, and Partners Group, a private equity firm, agreed to acquire six assets in Panama and Costa Rica from Grupo Argos-backed Celsia, a Colombian electricity company focused on renewable energies and energy efficiency, for $194m. “This acquisition continues to expand EnfraGen’s diversified renewable energy portfolio and progresses our mission to accelerate the energy transition in Latin America and beyond. Continued investment in these high-quality and high-growth markets aligns well with EnfraGen’s objectives," Brendan Duval, EnfraGen Founder and CEO.

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