Brazilian renewable energy company Omega Energia said on Monday that British private equity firm Actis LLP will acquire 10% of its capital stock for around $147m.
Tarpon Investimentos, which holds a controlling stake in Omega, granted Actis call options to acquire shares at the price of 13.50 reais per share, according to a securities filing.
Once Actis holds a 10% stake in the company, a new shareholders agreement will become effective, making the British firm part of Omega’s controlling group.
Get the week’s top news delivered directly to your inbox – Sign up for our newsletter
Actis and Omega also entered into an investment commitment, by which the renewable power company may require Actis to invest around 850 million reais in it. The investment would occur by a capital increase, in which Actis will have to subscribe new shares in Omega for up to 16 reais per share.
The capital increase could happen in the period between Oct. 1, 2022 and March 31, 2023, Omega said.
In the same filing, Omega announced it entered a protocol of intent for a potential investment of up to $500m from an undisclosed partner from the United States.
The investment would be used to develop or acquire renewable projects in the United States.
Source: Yahoo News
Can’t stop reading? Read more
Carlyle and Goldman Sachs open private credit funds to Willow users with $10,000 minimum
Carlyle and Goldman Sachs open private credit funds to Willow users with $10,000 minimum Carlyle,...
EQT, PAI, and Stone Point shortlisted for €2bn takeover of Castik-backed Global Group
EQT, PAI, and Stone Point shortlisted for €2bn takeover of Castik-backed Global Group EQT, PAI...
CAIS Advisors unveils retail vehicle giving investors a stake in elite sports and media
CAIS Advisors unveils retail vehicle giving investors a stake in elite sports and media Eldridge...