M&A Deal Summary

Ardian Acquires Verlat Energy

On December 18, 2023, private equity firm Ardian acquired renewable energy company Verlat Energy from Patria Investimentos and BTG Pactual

Acquisition Highlights
  • This is Ardian’s 15th transaction in the Renewable Energy sector.
  • This is Ardian’s 1st transaction in Peru.

M&A Deal Summary

Date 2023-12-18
Target Verlat Energy
Sector Renewable Energy
Buyer(s) Ardian
Sellers(s) Patria Investimentos
BTG Pactual
Deal Type Secondary Buyout

Target

Verlat Energy

Lime, Peru
Verlat Energy is a hydropower company, owns a fully operational portfolio of six run-of-river hydroelectric power plants with a total capacity of 73.4 MW. Verlat Energy was founded in 2011 and is based in Lime, Peru.

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Buyer(S) 1

Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 442 of 464
Sector: Renewable Energy M&A 15 of 17
Type: Secondary Buyout M&A Deals 143 of 155
Country: Peru M&A 1 of 1
Year: 2023 M&A 15 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-11 Arcwood Environmental

Indianapolis, Indiana, United States

Arcwood Environmental is a privately held, family-owned environmental services business that provides a full suite of tailored solutions from emergency response, waste disposal, and sustainability services to on-site support and technical solutions to thousands of customers in hundreds of industries and verticals. Arcwood Environmental was founded in 1970 and is based in Indianapolis, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-22 Vulcain Engineering Group

Neuilly- Sur- Seine, France

Vulcain Engineering Group is an engineering consultancy group. The company specializes in energy, oil and gas, pharmaceutical and transportation sectors. Vulcain Engineering Group was founded in 1998 and is based in Neuilly- Sur- Seine, France.

Buy -

Seller(S) 2

SELLER

Patria Investimentos

Sao Paulo, Brazil

Category Private Equity Firm
Founded 1988
PE ASSETS 5.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Patria Investimentos is a Brazilian merchant bank that provides advisory services, capital management, as well as invests in private equity, real estate, and infrastructure transactions. Patria's private equity group was formed in 1994 and looks to acquire controlling or minority stakes in Brazilian companies focused on end-consumers. Patria is a hands-on investment group, looking to assist in developing strategies to maximize growth. Patria Investimentos was founded in 1988 and is based in Sao Paulo, Brazil.


DEAL STATS #
Overall 11 of 12
Sector: Renewable Energy M&A 1 of 1
Type: Secondary Buyout M&A Deals 2 of 2
Country: Peru M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-13 ODATA

Sao Paulo, Brazil

ODATA is a data center service provider that offers scalable, reliable, and flexible IT infrastructure in Latin America. Focused on Colocation, the company meets the growing demand for power, space, and reliability of organizations from various industries, being fully qualified to offer enterprise/retail solutions (from half rack, whole racks, and cages) to build to suit projects (builds and operates new data centers, for a single client, in the chosen region). It pursues the creation of the most modern and efficient data center network in Latin America. ODATA was formed in 2015 and is based in Sao Paulo, Brazil.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-09 Natulab

Sao Paulo, Brazil

Natulab is a pharmaceutical company focused on branded generics, "over the counter" (OTC) products, vitamins, and supplements. Natulab was founded in 2000 and is based in Sao Paulo, Brazil.

Sell -
SELLER

BTG Pactual

São Paulo, Brazil

Category Company
Founded 1983
Sector Financial Services
DESCRIPTION

BTG Pactual is a financial institution active mainly in the investment and commercial banking, and wealth management businesses. BTG Pactual was founded in 1983 and is based in São Paulo, Brazil.


DEAL STATS #
Overall 2 of 2
Sector: Renewable Energy M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
Country: Peru M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-24 FIS Privatbank

Niederanven, Luxembourg

FIS Privatbank is a fully licensed private bank focused on providing a safe and stable banking partner for wealth management, asset management, and financing to clients with a CET1 equity ratio of about 35% and LCR of more than 160%. Its subsidiary Inter-Portfolio offers tailor-made solutions for the management of UCITS investment funds. FIS Privatbank is based in Niederanven, Luxembourg.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-28 M.Y. Safra

New York, New York, United States

M.Y. Safra is a private U.S. bank insured by the Federal Deposit Insurance Corporation (FDIC) and an Equal Housing/Equal Opportunity Lender. It focuses on providing innovative products and solutions to personal, business, and private banking clients, as well as lending in the commercial and residential real estate markets. M.Y. Safra is based in New York, New York.

Buy -