M&A Deal Summary

Equatorial Energia Acquires Intesa

On January 1, 2017, Equatorial Energia acquired utilities company Intesa for 277M USD

Acquisition Highlights
  • This is Equatorial Energia’s 1st transaction in the Utilities sector.
  • This is Equatorial Energia’s largest (disclosed) transaction.
  • This is Equatorial Energia’s 1st transaction in Brazil.
Investment Fate
  • Intesa was divested to a consortium of strategic buyers in 2023 for 108M CAD.

M&A Deal Summary
Date 2017-01-01
Target Intesa
Sector Utilities
Buyer(s) Equatorial Energia
Deal Type Add-on Acquisition
Deal Value 277M USD

Target

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.

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Buyer(S) 1

Buyer

Equatorial Energia

Brasília, Brazil
Category Company
Founded 1958
Sector Utilities
Revenue 39.5B BRL (2023)
DESCRIPTION

Equatorial Energia 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 Energia was incorporated in 1958 and is headquartered in Brasília, Brazil.

DEAL STATS #
Overall 1 of 2
Sector (Utilities) 1 of 1
Type (Add-on Acquisition) 1 of 2
Country (Brazil) 1 of 2
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-04 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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