Actis Agrees to Exit Its Stake in Guatemala-based Energuate to I.C. Power (Latin America)

Source: Kenon Holdings

Pan-emerging markets private equity firm Actis has agreed to sell Guatemala-based private electricity distribution company Energuate to I.C. Power, a developer and operator of power generation facilities in Latin America, for US$229.5 million. I.C. Power will acquire the company from Deorsa-Deocsa Holdings, an investment company of Actis. The acquisition is subject to customary closing conditions and is expected to close in January 2016.