M&A Deal Summary

EnfraGen Spain SA Acquires Hidrotenencias S.A.

On July 11, 2018, EnfraGen Spain SA acquired electrical equipment company Hidrotenencias S.A. from ACON Investments

Acquisition Highlights
  • This is EnfraGen Spain SA’s 1st transaction in the Electrical Equipment sector.
  • This is EnfraGen Spain SA’s 1st transaction in the United States.

M&A Deal Summary

Date 2018-07-11
Target Hidrotenencias S.A.
Sector Electrical Equipment
Buyer(s) EnfraGen Spain SA
Sellers(s) ACON Investments
Deal Type Add-on Acquisition
Advisor(s) UBS Investment Bank (Financial)
Hogan Lovells (Legal)

Target

Hidrotenencias S.A.

United States
Hidrotenencias owns and operates three run-of-the-river hydroelectric projects located in the Chiriqui province, western Panama, with a total capacity of 30MW. Each of these power plants has an installed capacity of 10MW. Its first plant started operations and has been generating since 2008, while two new plants are currently under construction downstream in the same river and are expected to start operations in late 2012. Hidrotenencias is a renewable energy platform that seeks to expand in Panama and other countries in Latin America.

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Buyer(S) 1

Buyer

EnfraGen Spain SA

Spain

Category Company
Founded 2017
Sector Renewable Energy
DESCRIPTION

EnfraGen Spain SA is a provider of renewable energy services. EnfraGen was founded in 2017 and is based in Spain.


DEAL STATS #
Overall 1 of 1
Sector: Electrical Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

ACON Investments

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

ACON Investments is an international private equity firm that targets investments in the US, Europe, and Latin America. ACON's investment strategy covers 'opportunities at times of change - responding at points of inflection where value creation is possible'. Examples include businesses that serve the rapidly growing US Hispanic population, energy and energy service needs, businesses in need of operational help, and opportunities in Latin America resulting from economic deregulation and political liberalization. ACON's looks for companies where it can commit $20 to $150 million of equity capital. Target sectors include consumer products and services, distribution, business services and industrial manufacturing. ACON Investments was formed in 1996 and has offices in Washington DC; Houston, Texas; Los Angeles, California; and Madrid, Spain.


DEAL STATS #
Overall 18 of 33
Sector: Electrical Equipment M&A 2 of 2
Type: Add-on Acquisition M&A Deals 9 of 17
Country: United States M&A 12 of 22
Year: 2018 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-07 Biosidus

Buenos Aires, Argentina

Biosidus is a manufacturer and distributor of biosimilar pharmaceuticals with exports worldwide to more than 25 countries across four continents. The Company's efforts are mainly focused on accelerating the arrival to the market of our pipeline as well as developing innovative technologies such as gene therapy applied to vascular pathology at the central or peripheral level and Transgenic Animals, a technological platform applied to human proteins and functional foods. Biosidus was founded in 1983 and is based in Buenos Aires, Argentina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-01 Beauty by Imagination

New York, New York, United States

Beauty by Imagination is a platform company of dynamic and innovative beauty brands that engage, inspire and satisfy a discerning and diverse community of associates, customers, clients and shareholders. Beauty by Imagination is based in New York, New York.

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