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Infrastructure Investor Awards 2021: Latin America

A complex two-stage deal by Mexico Infrastructure Partners took Deal of the Year in the region.

Deal of the Year

WINNER: ICA portfolio (Mexico Infrastructure Partners)

SECOND PLACE: SPRB Group (I Squared Capital)
THIRD PLACE:
Saavi Energia (Global Infrastructure Partners)

Mexico Infrastructure Partners completed a complex two-stage deal with an enterprise value of more than $3 billion when it acquired a portfolio of 10 different assets spanning the transportation, energy, telecoms and water sectors in Mexico, Colombia and Peru last year. The firm then turned around and incorporated five toll road assets into an investment trust that it listed on the Mexican Stock Exchange in August 2021, raising $1.1 billion.


Renewables Deal of the Year

WINNER: Los Llanos solar portfolio (Matrix Renewables)

SECOND PLACE: Camán wind farm (Mainstream Renewable Power)
THIRD PLACE:
Centrale Électrique de I’Ouest Guyanais (Meridiam/Sara/CEOG)

The TPG-backed renewables platform clinched Colombia’s first non-recourse, long-term financing for a solar or wind project with the financial close of the Los Llanos solar portfolio. Backed by Bancolombia and the Inter-American Development Bank to the tune of some $30 million, the financing will develop an 82MW portfolio of three utility-scale PV plants. Matrix Renewables’ existing portfolio contains 1.3GW of functional, under-construction or near ready-to-build solar PV projects, and another 2.3GW of plans in the development pipeline.


Digital Infrastructure Deal of the Year

WINNER: InfraCo (KKR)

SECOND PLACE: FiBrasil (CDPQ/ Telefónica)
THIRD PLACE:
Brazilian 5G auction (Winity)

KKR partnered with Telefónica in a $1 billion deal to establish Chile’s first wholesale open-access fibre-optic network. The manager bought a majority stake in Telefónica Chile’s existing fibre networks via a new entity, InfraCo, in which Telefónica retains a 40 percent stake. The plan is to expand broadband coverage in Chile from two million households today to a minimum of 3.5 million households by 2023, and to provide wholesale service to more than 40,000 businesses, telecom towers and small cells.