IFLR1000

Enel acquisition of 93.3% stake in Eletropaulo

26/6/2018
Private acquisition
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$ 1.8 billion

Announced

26/6/2018

Overview:

  • Enel has acquired 93.3% of Brazilian power distribution company Eletropaulo Metropolitana Eletricidade de São Paulo.
  • Enel has issued R$4 billion in senior notes to finance the acquisition.
  • Neoenergia acted as a bidder of the controlling stake.
  • Citibank and Santander acted as financiers to Neoenergia.

Daniel Semerdzhiev - Data analyst

Jurisdiction:

Brazil

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

Brazil

Industry sectors:

Energy
Utilities

Firms:
BMA - Barbosa Müssnich Aragão

Party: Eletropaulo Metropolitana Eletricidade de São Paulo (Target)

Lawyers: Ana Paula Reis, Monique Mavignier, Paulo Cezar Aragão

Cescon Barrieu

Party: Enel (Acquirer)

Lawyers: Alexandre Trejos Vargas, Eduardo Abrantes, Eduardo Figueira de Brito, Eduardo Simões Lanna, Fernanda Cirne Montorfano, Maria Cristina Cescon, Maurício Teixeira dos Santos

Demarest Advogados

Party: Banco Santander (Financiers)

Lawyer: Thiago Giantomassi Medeiros

E Munhoz Advogados

Party: Neoenergía (Bidder)

Garrigues

Party: Banco Bradesco (Underwriter)

Lawyer: Pedro García Morales

Lefosse

Party: Eletropaulo Metropolitana Eletricidade de São Paulo (Target)

Lawyers: Bruno Massis, Carlos Barbosa Mello, Christiano Rehder, Ricardo Prado, Rodrigo Azevedo Junqueira

Machado Meyer Sendacz e Opice Advogados

Party: Neoenergía (Bidder)

Lawyers: Ana Karina E de Souza, Gustavo Secaf Rebello, Ivandro Maciel Sanchez Junior

Mattos Filho Veiga Filho Marrey Jr & Quiroga Advogados

Party: Neoenergía (Bidder)

Lawyer: Vanessa Fiusa

Pinheiro Guimarães

Party: Banco Bradesco (Underwriter)

Lawyers: Cristina Tomiyama, Francisco José Pinheiro Guimarães

Stocche Forbes Advogados

Party: Energisa (Bidder)

Lawyers: Alessandra Zequi, Henrique Filizzola

Veirano Advogados

Party: Citibank (Financiers)

Lawyer: Lior Pinsky

Yazbek Advogados

Party: Enel (Acquirer)

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