Investment Company Actis Targets Renewable Energy Sector and Acquires 10% Stake in Omega Energia

Actis, A Global Investor In Sustainable Infrastructure, Acquired A Significant Stake In The Brazilian Energy Sector. The Investor Decided To Make Investments And Ensure Its Participation In Omega Energia, Aiming To Secure A Position In The Country’s Renewable Energy Department.

Last Wednesday, (07/27), the global investor Actis, with experience in Brazil and Latin America, announced that it acquired a relevant 10% stake in Omega Energia. Thus, a shareholders’ agreement was signed with the company’s founders to integrate the company’s control sector. However, the investment amount has not yet been disclosed.

Actis Commits To Subscribing New Shares Of Omega Energia Worth R$ 850 Million

In this sense, the acquisition of the 10% stake in Omega Energia’s equity was organized as a type of private investment in public equity, involving the negotiation of management rights to integrate controlling shareholders on the Board and also the acquisition of shares through one or more operations in the job market.

Additionally, the companies also made an investment commitment whereby the investor Actis commits to subscribe for new shares issued by Omega Energia worth up to R$ 850 million, at a price of up to R$ 16 per share.

In this transaction, the investor’s advisory was handled by Mattos Filho, Veiga Filho, Marrey Jr and Quiroga Advogados, assisting Actis in all aspects of Brazilian business law, including the structure of the operation, as well as corporate, tax, and regulatory aspects, preparation and negotiation of contracts, and all necessary supporting documents.

“Actis is excited about the partnership with the founders of Omega Energia and will provide deep industry knowledge and new capital to support the development of a growth pipeline to establish Omega as a leader in the energy transition space in the Americas,” the company stated in a press release.

It is important to note that Actis has experience in the Brazilian energy markets and across Latin America. Thus, among its current activities is the sale of Echoenergia, a Brazilian self-sufficient platform in renewable energy with 1.2 GW in operation to Equatorial Energia. In October of last year, the investor bought 100% of the shares of three EDP transmission assets in Brazil, which have 439 KM in length.

For The Company, Actis’s Entry Will Bring More Value

In this scenario, during a conference call, Omega Energia’s CEO, Antonio Bastos Filho, expressed enthusiasm about Actis’s new investment in the company. According to him, the entry of the American company will bring more value to Omega, as he considers Actis the most successful investor in Latin America, because the investor has previously owned Echoenergia and Atlantic, renewable energy generators that were sold.

 “We are happy to have another committed partner, with a high reputation, who knows a lot about the business, and is able to help us bring resources to the company,” explains Antonio Bastos. Initially, Actis acquired 10% of Omega, and according to the executive, the expectation is that Actis’s stake will reach 20% in the near future, as an increase in participation is anticipated.

The CEO of Omega also talked about the company’s inclusion in the North American market. Antonio Bastos revealed the co-investment agreement of up to US$ 500 million for other new projects on U.S. land, with an infrastructure asset manager. The agreement, which is in the final stages of closing, is expected to be announced in the coming days.