M&A Deal Summary

I Squared Capital Acquires Orazul Energy Group

On December 20, 2016, infrastructure investor I Squared Capital acquired utilities company Orazul Energy Group from Duke Energy for 1.2B USD

Acquisition Highlights
  • This is I Squared Capital’s 2nd transaction in the Utilities sector.
  • This is I Squared Capital’s 5th largest (disclosed) transaction.
  • This is I Squared Capital’s 1st transaction in Peru.
Investment Fate
  • Orazul Energy Group was sold to a strategic buyer in 2020.

M&A Deal Summary

Date 2016-12-20
Target Orazul Energy Group
Sector Utilities
Buyer(s) I Squared Capital
Sellers(s) Duke Energy
Deal Type Divestiture
Deal Value 1.2B USD

Target

Orazul Energy Group

Peru
Orazul Energy Group is a power generation and transmission company in Latin America, operating across Peru, Chile, Ecuador, Central America and Argentina, with a history of strong operating and financial performance.

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Buyer(S) 1

DESCRIPTION

I Squared Capital is a global infrastructure investment manager focusing on energy, utilities, and transportation assets in North America, Europe, and select high growth economies. I Squared Capital was established in 2012 and is headquartered in New York City.


DEAL STATS #
Overall 6 of 53
Sector: Utilities M&A 2 of 12
Type: Divestiture M&A Deals 3 of 7
Country: Peru M&A 1 of 3
Year: 2016 M&A 3 of 3
Size (of disclosed) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-24 Jaipur-Mahua Tollway

India

Jaipur-Mahua Tollway is an operator and constructor of tollway.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Conrad Energy

Abingdon, United Kingdom

Conrad Energy develops, owns and trades flexible and sustainable power generation to supporting the transition to a sustainable electricity system in the UK. Conrad Energy is based in Abingdon, United Kingdom.

Buy -

Seller(S) 1

SELLER

Duke Energy

Charlotte, North Carolina, United States

Category Company
Founded 1904
Sector Energy Services and Equipment
Employees27,859
Revenue 30.4B USD (2024)
DESCRIPTION

Duke Energy is an electric power holding company that regulates utility operations that serves approximately 4 million customers located in five states in the Southeast and Midwest, representing a population of approximately 11 million people. Its commercial power and international business segments own and operate diverse power generation assets in North America and Latin America, including a growing portfolio of renewable energy assets in the United States. Duke Energy was incorporated in 1904 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 7 of 10
Sector: Utilities M&A 1 of 1
Type: Divestiture M&A Deals 5 of 7
Country: Peru M&A 1 of 1
Year: 2016 M&A 1 of 2
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-30 Phoenix Energy Technologies

Irvine, California, United States

Phoenix Energy Technologies, Inc. is a provider of Enterprise Energy Management software and services for multinational retailers, theatres, universities and corporations. The Company provides commercial customers with actionable data to control their energy usage and costs through an enterprise energy information and management SaaS platform.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-29 Duke Energy - Brazil International Business

Charlotte, North Carolina, United States

Duke Energy Corp. - International Business includes energy assets in Brazil.

Sell $1.2B