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Home Investment company Actis targets the renewable energy sector and acquires a 10% stake in Omega Energia

Investment company Actis targets the renewable energy sector and acquires a 10% stake in Omega Energia

31 July 2022 to 08: 47
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Actis, a global investor in sustainable infrastructure, has acquired an important stake in the Brazilian energy sector. The investor decided to make investments and guarantee its participation in Omega Energia, aiming at guaranteeing the country's renewable energy department.
Source: Capital Reset

Actis, a global investor in sustainable infrastructure, has acquired an important stake in the Brazilian energy sector. The investor decided to make investments and guarantee its participation in Omega Energia, aiming at guaranteeing the country's renewable energy department.

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

Actis undertakes to sign new shares of Omega Energia in the amount of R$ 850 million

In this sense, the acquisition of 10% of the share capital of the company Omega Energia was organized as a type of private investment in public capital, involving the negotiation of management rights to integrate the controlling shareholders in the Board and also the acquisition of shares through one or more operations in the labor market.

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In addition, the companies also entered into an investment commitment whereby the investor Actis undertakes to subscribe new shares issued by Omega Energia in the amount of up to R$ 850 million, at a price of up to R$ 16 per share.

Mattos Filho, Veiga Filho, Marrey Jr and Quiroga Advogados assisted the investor in this transaction, assisting Actis in all aspects of the Brazilian business law, including the structure of the operation, such as corporate, tax and regulatory aspects, preparation and negotiation of contracts and all necessary supporting documents.

“Actis is excited to partner with the founders of Omega Energia and will provide deep industry knowledge and fresh capital to support the development of a growth pipeline to establish Omega as a leader in the energy transition space in the Americas,” he said. the company in a statement.

It is important to emphasize that Actis has experience in the Brazilian energy markets and throughout Latin America. Thus, among its current activities is the sale of Echoenergia, a Brazilian platform that is self-sufficient 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 — Energias do Brasil, which are 439 km long.

For the company, the entry of Actis will bring more value to the company

In this scenario, in a teleconference held, the CEO of Omega Energia, Antonio Bastos Filho, was excited about the new entry of the investor fund Actis into the company. According to him, the coming of the American company will bring more value to Omega, since he considers Actis the investor most successful in Latin America, because the investor has already owned Echoenergia and Atlantic, renewable energy generators sold.

 “We are happy to have another committed partner, with a high reputation, who knows a lot about the business, capable of helping us to bring resources to the company”, explains Antonio Bastos. Initially, Actis bought 10% of Omega and according to the executive, the expectation is that Actis' participation will reach 20% in the near future, since it is foreseen that it will increase its participation.

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

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