M&A Deal Summary

CoInvest Argentina S.A. Acquires Sadesa

On January 1, 2006, private equity firm CoInvest Argentina S.A. acquired utilities company Sadesa

Acquisition Highlights
  • This is CoInvest Argentina S.A.’s 1st transaction in the Utilities sector.
  • This is CoInvest Argentina S.A.’s 7th transaction in Argentina.

M&A Deal Summary

Date 2006-01-01
Target Sadesa
Sector Utilities
Buyer(s) CoInvest Argentina S.A.
Deal Type Buyout (LBO, MBO, MBI)

Target

Sadesa

Argentina
Sadesa owns controlling stakes in electricity generation assets, including Hidroeléctrica Piedra del Águila, Central Puerto, Centrales Térmicas Mendoza and La Plata Cogeneración, that rank it as the second largest power generation company in Argentina. CoInvest is a member of the consortium that formed Sadesa to acquire the argentine electricity generation assets from Total and CMS.

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Buyer(S) 1

Buyer

CoInvest Argentina S.A.

Buenos Aires, Argentina

Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

CoInvest Argentina is a private investment firm focused on acquiring controlling stakes in Argentine companies. CoInvest will consider opportunities in a variety of industry sectors, and is a 'hands on' investor, looking to assist portfolio companies with growth strategies, as well as operational and financial improvements. Sectors of interest include telecommunications, electric utilities and food/beverages. CoInvest was formed in 2002 and is based in Buenos Aires.


DEAL STATS #
Overall 7 of 7
Sector: Utilities M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 7
Country: Argentina M&A 7 of 7
Year: 2006 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Jardín del Pilar

Argentina

Jardín del Pilar is Argentina’s largest private provider of funeral and death care services, with 5 leading cemeteries and 7 funeral homes, having the most recognized and prestigious brands in both activities. CoInvest partnered with the Ábalos Group, the former owners of cemeteries in Chile, and Julio Zorraquin, former owner of the best private cemetery in Argentina to acquire 100%-ownership of Jardín del Pilar. CoInvest and its partners appointed a new management team and designed and implemented a strategy to increase commercial productivity and achieve cost efficiencies. Two years after acquisition, CoInvest sold its stake to the Ábalos Group.

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