Actis Acquires a 60 Percent Stake in Atlantic Energias Renovaveis for US$169 Million (Latin America)

Source: Actis, Bloomberg  |  Authors: Francisco Marcelino, Stephan Nielson

Pan-emerging markets private equity firm Actis has acquired a 60 percent stake in Brazil-based renewable energy platform Atlantic Energias Renovaveis for an initial commitment of US$169 million. Actis, which expects to invest a further US$100 million over the next five years, joins existing shareholders Pattac and Servinoga, infrastructure investors and co-founders of Atlantic. The transaction will be structured through the Actis Brasil Energia Fundo de Investimento em Participacoes. The company has 220 MW of projects with long-term public-private alliances and a proprietary land bank with 1.8 GW of wind potential. Atlantic intends to use the capital injection to increase its power generation capacity to 620 MW.