LAVCA VC
  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA
  • Member Login
  • Member Access

LAVCA VC

  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA

Blue Water Exits Peruvian Electricity Provider Electro Dunas Energía

August 13, 2019

Private equity firm Blue Water Advisors fully exited Peruvian electricity provider Electro Dunas Energía through a public tender offer on the Lima Stock Exchange. Grupo Energía Bogotá purchased 100% of the shares. Financial terms of the transaction were undisclosed.

(Press Release) Grupo Energía Bogotá S.A. E.S.P. (“GEB”) and Blue Water Worldwide LLC, a fund managed by Blue Water Advisors LP (“Blue Water”), announced today that Electro Dunas Cayman Holdings Ltd., a subsidiary of Blue Water, had completed the transfer to GEB of 100% of the shares of Dunas Energía S.A.A. (“DESAA”), a company listed in the Lima Stock Exchange, through a public tender offer in the Lima Stock Exchange. DESAA owns 99.96% of the shares of Electro Dunas S.A.A.

In addition, GEB and Blue Water announced that GEB had completed the acquisition of 100% of the shares of PPC Peru Holdings S.R.L. and Cantalloc Peru Holdings S.R.L. from PPC Cayman Holdings, a subsidiary of Blue Water.

Company Description

The Electro Dunas Group is a group of companies (DESAA, PPC Peru Holdings S.R.L., and Cantalloc Peru Holdings S.R.L., and their respective subsidiaries) whose principal activity is the distribution and commercialization of electricity in the Ica region as well as part of the Huancavelica and Ayacucho regions of Peru. Electro Dunas serves approximately 240,000 customers, and it has the highest quality of service indicators of any electricity distribution utility in Peru. The group also provides distributed generation solutions as well as construction, operation, and maintenance services for power infrastructure and equipment.

Advisors

Credit Suisse served as Blue Water’s financial advisor. Simpson Thacher & Bartlett LLP and Santivañez Abogados served as Blue Water’s U.S. and Peruvian legal counsel, respectively. Zuzunaga Assereto & Zegarra Abogados served as Blue Water’s Peruvian tax advisor.

Credicorp Capital served as GEB’s financial advisor and Philippi, Prietocarrizosa, Fererro DU & Uría and Estudio Rubio Leguía Normand as legal counsel. Calden advised GEB on regulatory and commercial matters and Mott MacDonald on technical issues. KPMG served as GEB’s tax advisor.

Kallpa Securities Sociedad Agente de Bolsa S.A. served as intermediary agent of GEB and Blue Water.

About Grupo Energia Bogotá

With more than 120 years of history, Grupo Energía Bogotá (GEB) is a leading energy group in the region, listed in the Colombian stock exchange and with presence in Colombia, Peru, Brasil and Guatemala. Its main activities include electricity generation, transmission and distribution and natural gas transportation and distribution. In Peru it is the leading natural gas distributor through its investments in Calidda and Contugas and is present in the largest electricity transmission companies in the country, ISA REP and ISA Transmantaro with a 40% stake.

About Blue Water Advisors

Blue Water Advisors LP is a private equity firm focused on acquiring and developing real asset-based businesses. In addition to flexible, long-term capital, the firm leverages its technical expertise in its acquisitions and to drive long-term value creation. Blue Water’s management team possesses significant experience in acquiring, developing, and operating real asset-based businesses and have partnered with world class executives and entrepreneurs to build platform companies that are leaders in their respective markets. For more information, please visit: www.bwalp.com.

Blue Water Worldwide LLC is a fund managed by Blue Water Advisors LP.

 

Blue Water Exits Peruvian Electricity Provider Electro Dunas Energía was last modified: August 13th, 2019 by csantos
Blue Water AdvisorsBlue Water Worldwide LLCColombiaDunas EnergíaElectro Dunas Cayman Holdings LtdElectro Dunas EnergíaGEBGrupo Energia BogotáLima Stock ExchangePeruPrivate Equity
0
Facebook Twitter Google +

Tech Growth Membership

The 2023 LAVCA Startup Founders Survey is made possible thanks to the support of LAVCA’s Tech Growth Membership, a group of leading tech companies and investors advancing the tech ecosystem in Latin America including AWS, Mercado Libre, Microsoft, Qualcomm Ventures, SVB, Riverwood Capital, Google and Movile.

VC Partner Events

    Tweets

    • Check out this week's top #startup deals and news on emerging tech in #LatAm from LAVCA's #LatAmVentureBulletin:… https://t.co/qbcww648hh

      10-Mar-2023

      Reply Retweet Favorite
    • This International Women’s Day, LAVCA celebrates top and emerging women in Latin American Tech. View list of 2022… https://t.co/VRQB1FYtCJ

      08-Mar-2023

      Reply Retweet Favorite
    • LAVCA's Director of Research Emanuel Hernandez presented insights on the latest industry trends from LAVCA's recent… https://t.co/KKNTZ4ErNB

      08-Mar-2023

      Reply Retweet Favorite
    • LAVCA's Executive Director @naitafur led a discussion on the regional investment outlook during a panel entitled “V… https://t.co/LGgkBUfNpF

      08-Mar-2023

      Reply Retweet Favorite
    • LAVCA has released its 2023 Trends in Tech report. Despite a significant downturn in #VC investment compared to 202… https://t.co/fTjzBcyv4T

      27-Feb-2023

      Reply Retweet Favorite

    Submit VC News

    Have private equity or venture capital related news that you would like to share? Submit your press releases and news to [email protected].

    VC Industry News

    • El Trueno-backed Caricaco Invests Pre-Seed Round for Costa Rica’s Listo

      March 22, 2023
    • monashees Leads USD14.5m Series A for Brazil’s Mecanizou

      March 21, 2023
    • Caravela Capital Reaches First Close for Latin America-focused Early Stage Fund

      February 22, 2023
    • Crescera Capital and EDP Brasil Invest ~USD2.7m in Brazil’s 77Sol

      February 15, 2023
    • Kamay Ventures Invests in Colombia’s and Mexico’s Ruedata

      February 7, 2023
    • BNDES Invests ~USD32m in Brazil’s Tembici

      February 3, 2023
    • Lightspeed Venture Partners Leads USD13m Series A for Mexico’s Beek

      February 2, 2023
    • Magma Partners Leads USD8.5m Round for Mexico’s Zenfi

      January 23, 2023
    • DILA Capital announces the final closing of its new fund, DILA IV, for USD115m

      January 17, 2023
    • Amplifica Capital Reaches USD11m Final Close for Venture Fund

      January 17, 2023

    About LAVCA

     

    LAVCA is the Association for Private Capital Investment in Latin America, a not-for-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean through research, education, networking and advocacy.

    LAVCA Office

        New York City:
        589 8th Ave, 18th Floor
        New York, NY 10018

    Explore LAVCA.org

    • About LAVCA
    • Board, Team, & Advisors
    • Media
    • Contact Us
    • Membership Benefits
    • Members Only Access
    • Education and Programs
    • Research
    • Policy
    • LAVCA VC
    • Contact Us

    @2020 - LAVCA. All Rights Reserved.


    Back To Top