Philippi Prietocarrizosa Ferrero DU & Uría Peru has counselled Paris-based private equity investment house Ardian and AgrAm on the direct acquisition of the Peruvian business of Latin America Power Holding, which includes the indirect transfer of 100% of Latin America Power Peru and its subsidiaries HSC Holding, Empresa de Generación Eléctrica Junín and LAP Servicios.
Accordingly, the transaction, entered into on 28 April and closed on 14 December 2023, involved the jurisdictions of Peru and the Netherlands.
Estudio Miranda & Amado and Loyens & Loeff advised the sellers, former shareholders of the acquired companies, locally and in the Netherlands, respectively; while Linklaters and Gibson Dunn also advised Ardian in the Netherlands and New York, respectively.
BTG Pactual Brazil Infrastructure Fund II, GMR Holding, Pátria Infrastructure Fund II, PI Fund II (Ontario), Limited PI Fund II (Ontario 2), Pátria Infrastructure Fund II LAP Co-Invest, and Patria Infrastructure II LAP Co-Invest UK acted as sellers.
Latin America Power Holding is a private company with limited liability (besloten vennootschap met beperkte aansprakelijkheid) incorporated under the laws of the Netherlands.
PPU’s team comprised partner Rafael Boisset (pictured) and associate Alessandro Mussio; senior associate Milagros Pastor and senior associate Claudia Loyola advised on Tax matters; while director Veronica Vergaray and associate Ximena Del Rosario advised on Antitrust matters; and associate Angela García on Energy matters.
