Mattos Filho and Cescon Barrieu act in the acquisition of Echoenergia by Equatorial

Mattos Filho Advogados advised Actis LLP, Cescon BArrieu Advogados advised Equatorial Energia S.A.

Acquisition by Equatorial of the total and voting capital stock of Echoenergia , a Brazilian company specialized in renewable generation, controlled by ACTIS Fund, in the largest renewable energy transaction in the Brazilian market in recent years.

Despite being the largest M&A in the energy sector in 2021 and the largest renewable energy transaction undertaken in the Brazilian market in recent years, the transaction involved a complex cross-border negotiation given that the SPA was governed by UK law and all assets are located in Brazil – coordination and negotiation of a UK / BR cross-border M&A.

The closing of the transaction is subject to compliance with conditions precedent that are customary for this type of deal. The deal value was R$6.657 billion.

Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados represented Actis LLP – Ipiranga Fundo de Investimento em Participações Multiestratégia, Echoenergia Participações S.A. and had partners Pedro Whitaker de Souza Dias (pictured top left), Victor Gelli Cavalcanti (pictured top right) and associates Aline Urasaki Urlass, Larissa Weyll de Morais Moerbeck, Alex Yuri do Nascimento Gomes and Gabriela Teixeira Pereira.

Clifford Chance represented the same party.

Equatorial Energia S.A. was represented by Cescon, Barrieu, Flesch & Barreto Advogados with partners Eduardo Lanna (pictured bottom left), Maurício Teixeira dos Santos (pictured bottom center) and Isabela Coelho (pictured bottom right) and associates Gabriel Mariano, Hugo Vidal, Daniel Paiva, Alexandre Leite, and Pedro Schonberger.

Norton Rose Fulbright also represented Equatorial Energia S.A.