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

IG4 Capital Acquires ~34% Stake in Peruvian Infrastructure Platform Aenza

August 5, 2021

IG4 Capital, through IG4 Private Equity Fund II and managed accounts, acquired a 33.87% stake in Aenza, a Peru-based infrastructure platform, for USD58m. IG4 Capital, now the company’s largest shareholder, will also deploy an additional USD22m to invest in convertible debentures alongside a syndicate of creditors to secure working capital to Aenza in the short term.

(Press Release) Santiago, August 10th, 2021 – IG4 Capital (www.IG4capital.com) announced that on Thursday, August 5th, 2021, its tender offer for 107,198,601 common shares (representing a 12.29% stake) of Aenza S.A.A.
(“Aenza”), formerly known as Graña y Montero S.A.A, one of the largest infrastructure platforms in Peru,
had expired and IG4 Capital has acquired the 107,198,601 shares as per the tender offer’s minimum price
of 1.88 soles per share (approximately USD 0.45 per share).

In addition to this, IG4 acquired a 12.84% stake (or 111,945,909 shares) from members of the founding
family and former executives of Aenza and had 76,159,422 shares (representing an 8.73% stake in Aenza)
transferred to a trust controlled by IG4 Capital under authorization from the Peruvian authorities and
regulators. As a result of these transactions, IG4 now controls 295,303,932 shares of Aenza, or 33.87% of
the company’s total capital, making IG4 the company’s largest shareholder and with relevant influence to
guide Aenza’s turnaround and growth strategy.

The equity disbursement on behalf of IG4 Capital in the transaction totals approximately USD 58 million
from IG4 Private Equity Fund II and managed accounts. IG4 Capital also is deploying an additional USD 22
million to invest in convertible debentures alongside a syndicate of creditors to secure working capital to
Aenza in the short term.

IG4 Capital is a specialist alternative investment manager focused on generating superior performance
with purpose through value creation, ESG integration and sustainable capitalism in Latin America. By
integrating ESG into its core investment and engagement processes of turning around companies under
special situations, IG4 generates long-term financial returns with impactful environmental, social and
governance benefits. IG4 currently has 28 investment professionals across five offices (São Paulo,
Santiago, Lima, London, and Madrid) and currently manages approximately US$1.1 billion across two
funds (IG4 Private Equity Funds I & II).

IG4 Capital currently controls Iguá Saneamento S.A. (“Iguá”), the third largest private water and sewage
operator in Brazil, and one of the most successful financial and operating turnaround stories in Latin
America. IG4 also controls Opy Health, a hospital infrastructure and logistics platform in the Brazilian
healthcare market, as well as CLI (Corredor Logístico Integrado), one of the operators of one of the largest
grains terminals in Brazil (TEGRAM).

Aenza is one of the largest infrastructure platforms in Peru, with permanent operations in Peru, Chile and
Colombia. The company is active in the engineering & construction, infrastructure and utilities
concessions, oil & gas exploration, production and processing, and real estate segments. The company
has 88 years of experience operating in 13 countries across Latin America and it currently has over 14
thousand employees.

Aenza’s infrastructure arm controls Line 1 of the Lima Metro, 3 toll road concessions spanning 1,011
kilometers, fuel storage terminals, and a water treatment operation that has 2.6 million beneficiaries.
Aenza is listed on the Lima Stock Exchange and has American Depositary Receipts (ADRs) listed on the
New York Stock Exchange.

IG4 Capital Acquires ~34% Stake in Peruvian Infrastructure Platform Aenza was last modified: August 11th, 2021 by [email protected]
AenzaIG4 CapitalIG4 Private Equity Fund IIPeru
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/EGqcpaNmtM

      24-Mar-2023

      Reply Retweet Favorite
    • 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

    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