M&A Deal Summary

Actis Capital Acquires Saavi Energía

On December 22, 2017, private equity firm Actis Capital acquired renewable energy company Saavi Energía from InterGen NV for 1.3B USD

Acquisition Highlights
  • This is Actis Capital’s 10th transaction in the Renewable Energy sector.
  • This is Actis Capital’s largest (disclosed) transaction.
  • This is Actis Capital’s 2nd transaction in Mexico.
Investment Fate
  • Saavi Energía was sold to a consortium of financial buyers in 2021.

M&A Deal Summary
Date 2017-12-22
Target Saavi Energía
Sector Renewable Energy
Buyer(s) Actis Capital
Sellers(s) InterGen NV
Deal Type Divestiture
Deal Value 1.3B USD
Advisor(s) Scotia Capital, Inc. (Scotiabank - Global Banking and Markets) (Financial)

Target

Saavi Energía

Mexico, Mexico
Saavi Energía independent power producer. Saavi has a geographically diverse 2.2 net GW portfolio of 6 CCGTs, 3 compression stations, and 65 km of associated natural gas pipelines. Saavi primarily serves the Mexican power market as well as providing reserve capacity for specified markets in California. Saavi Energía is based in Mexico City.

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Buyer(S) 1

Buyer

Actis Capital

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 24.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Actis Capital is a private equity firm focused on investments in emerging markets. Actis segments its investment activity into three areas. These include private equity, energy, and real estate. Actis' private equity team looks for buyout and growth capital opportunities requiring at least $50 million in financing. Depending on the situation, Actis will consider both controlling and minority investment situations. Sectors of interest include financial services, consumer and retail, business services, and industrial. Actis' energy group seeks to invest in in a variety of energy and utility projects. Actis' real estate team invests equity capital in office, residential, industrial, hotel and retail projects. Actis Capital was established in 2004 and is based in London.

DEAL STATS #
Overall 130 of 144
Sector (Renewable Energy) 10 of 17
Type (Divestiture) 5 of 7
Country (Mexico) 2 of 3
Year (2017) 6 of 6
Size (of disclosed) 1 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-12 Honoris United Universities

London, United Kingdom

Honoris United Universities is a private pan-African higher education network committed to preparing and educating the next generation of African leaders and professionals able to impact regionally in a globalized world. Honoris United Universities gathers a community of 61,000 students on +70 campuses, learning centres and via online, in 10 countries and 32 cities across Africa. Over 420 degrees are offered in Health Science, Engineering, IT, Business, Law, Architecture, Arts and Design, Media, Education and Political Science. Honoris United Universities was founded in 2017 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Saavi Energía

Mexico

Saavi Energía is a power producer and a stand-alone power generator. Saavi Energíain is based in Mexico.

Buy -

Seller(S) 1

SELLER

InterGen NV

Burlington, Massachusetts, United States
Category Company
Founded 1995
Sector Utilities
DESCRIPTION

InterGen NV is a global power generation platform in Europe, Australasia and Mexico with 12 power plants representing an equity share of 6,252 MW of production capacity.

DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Divestiture) 1 of 1
Country (Mexico) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

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