M&A Deal Summary

Equatorial Acquires Echoenergia

On April 4, 2022, Equatorial acquired renewable energy company Echoenergia from Actis Capital

Acquisition Highlights
  • This is Equatorial’s 1st transaction in the Renewable Energy sector.
  • This is Equatorial’s 2nd transaction in Brazil.

M&A Deal Summary

Date 2022-04-04
Target Echoenergia
Sector Renewable Energy
Buyer(s) Equatorial
Sellers(s) Actis Capital
Deal Type Add-on Acquisition

Target

Echoenergia

São Paulo, Brazil
Echoenergia is a company that develops, implements, and operates projects to generate electricity from renewable sources. Echoenergia was founded in 2017 and is based in São Paulo, Brazil.

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Buyer(S) 1

Buyer

Equatorial

Brasília, Brazil

Category Company
Founded 1958
Sector Utilities
Revenue 43.2B BRL (2024)
DESCRIPTION

Equatorial is a holding company operating in the Brazilian electricity sector in the following segments: Distribution, through Equatorial Maranhão, Equatorial Pará, Equatorial Piauí, Equatorial Alagoas, CEEE-D and CEA, Transmission, with 8 projects 100% completed and Intesa, an operational line that crosses the States of Tocantins and Goiás, Sanitation, through the Amapá Sanitation Company, Distributed Generation, through E-nova, Marketing, through Helios, and Services, through Equatorial Serviços. Equatorial was incorporated in 1958 and is headquartered in Brasília, Brazil.


DEAL STATS #
Overall 2 of 2
Sector: Renewable Energy M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Brazil M&A 2 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Intesa

Rio de Janeiro, Brazil

Intesa is a strategic power transmission network spanning 695 kilometres in the states of Tocantins and Goiás, in central Brazil. Intesa was founded in 2005 and is based in Rio de Janeiro, Brazil.

Buy $277M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-01 Intesa

Rio de Janeiro, Brazil

Intesa is a strategic power transmission network spanning 695 kilometres in the states of Tocantins and Goiás, in central Brazil. Intesa was founded in 2005 and is based in Rio de Janeiro, Brazil.

Sell CA$108M

Seller(S) 1

SELLER

Actis Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 26.0B 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, United Kingdom.


DEAL STATS #
Overall 79 of 92
Sector: Renewable Energy M&A 6 of 10
Type: Add-on Acquisition M&A Deals 39 of 46
Country: Brazil M&A 3 of 3
Year: 2022 M&A 2 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-01 Uludag Energy

Bursa, Turkey

Uludag Energy is a renewable energy company engaged in the generation and supply of clean power. Uludag Energy is based in Bursa, Turkey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-12 Emicool

Dubai, United Arab Emirates

Emicool is a UAE-based district cooling provider, delivering centralized chilled water for air conditioning to residential, commercial, and industrial clients. Emicool is based in Dubai, United Arab Emirates.

Buy -