KKR & Mexico’s Pemex Set to Work on US$1.2b Sale Agreement

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(Reuters) KKR and Mexico’s Pemex are reportedly working on a US$1.2b sale and leaseback agreement. Pemex would sell some of its infrastructure assets to the fund, but will continue to operate and maintain them for 15 years and pay rent to KKR. Pemex plans to repurchase the assets after the lease ends. Read more

Petrobas to Sell 81% Stake in a Natural Gas Pipeline Network to Brookfield for US$6b

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(Bloomberg) Brazil’s troubled state-run oil company Petrobras is close to selling a 81 percent stake in a natural gas pipeline network in Brazil for nearly US$6b to a consortium led by Brookfield Asset Management Inc, said three people with direct knowledge of the matter. Read more

Brookfield Buys Controlling Stake in Three Partnerships from ACS

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(Reuters) Spanish construction company ACS sold a controlling stake of 50% of three Brazilian electric transmission partnerships to Brookfield. Read more

BNDESPar to Invest Up to R$600m in PE/VC Funds (em português)

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(Valor Econômico) In 2016, Brazil’s BNDESPar will commit up to R$600m across five PE/VC funds investing in logistics, energy, renewable energy, and innovation. Read more

IFC’s China-Mexico Fund Invests US$140m in Citla Energy

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(Financial Times) Citla Energy, a Mexican oil exploration and production company backed by ACON, has received equity commitments of US$60m and US$140m from the IFC and IFC Asset Management’s China-Mexico Fund, respectively. Read more

Evolvere Capital Purchases Emerson’s Network Power Business in Venezuela

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(Press Release) Evolvere Capital, a private equity firm, announced the purchase of Emerson’s Network Power business in Venezuela. Going forward, the business will be a distributor for Network Power in the Venezuelan market. Read more

Patria’s P2 Brasil to Investment R$405m in Brazil Power Infrastructure (em português)

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(Portal Brasil) P2Brasil, Patria Investimentos’ private equity infrastructure arm, will invest R$405m (US$113m) in the construction of power transmission lines in Brazil. Read more

Member Profile: Michael Harrington & Mike Till, Actis

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Member Profile: Michael Harrington & Mike Till, Actis

LAVCA caught up with Mike Till, Co-Head of Actis’ Energy Business and Michael Harrington, Partner of Actis’ Energy Business to learn more about the energy needs in Latin America and the opportunity for alternative energy and power generation. As Head of Actis’ new Mexico Office, Harrington also spoke to the extensive reform of its energy market which adds momentum to Actis’ investment thesis in the power sector. Read more

Monterra Energy Announces Strategic Pipeline Project in Central Mexico

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(Businesswire) Monterra Energy, a firm that received an equity commitment from KKR in May 2015, announced its plan to build a refined products pipeline in Central Mexico. Read more

OTPP Names New Latin American Infrastructure Chief

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(PEI) The Ontario Teachers’ Pension Plan (OTTP) has appointed Dale Burgess as head of its Latin American infrastructure team. Read more