TozziniFreire assists OTPP in the acquisition of the power transmission company Evoltz from TPG in Brazil
TozziniFreire Advogados assisted Ontario Teachers’ Pension Plan Board – OTPP in the acquisition of 100% of the shares held by the fund of global Private Equity sponsor TPG, power transmitter Evoltz Participações
OTPP took over 100% of Evoltz, which was owned by the American Texas Pacific Group (TPG).
The assets acquired by OTTP include five operational transmission lines, all the shares of Manaus Transmissora de Energia S.A. – MTE, and 51% of the shares of Norte Brasil Transmissora de Energia S.A.
The acquisition involved a highly competitive process involving key players in electric power transmission, as well as private equity funds and institutional investors.
With the deal, OTPP adds to its portfolio a total of 3,500 kilometers of extension across 10 states.
The TozziniFreire Advogados team that represented OTPP was formed by partners João Busin (pictured), Juliana Soares Zaidan Maluf, Leonardo Miranda and associates Stefania Gomes Toschi, Gustavo Henrique Ferreira Ceridorio and Isabella Vitoria Koshiyama de Freitas.
The law firms Torys LLP, LinkLaters, Debevoise & Plimpton LLP also represented OTPP.
Evoltz Participações S.A. was advised by Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados with partners Marcelo Sampaio Góes Ricupero and Maria Clara Vargas Vieira.
Cleary Gottlieb Steen & Hamilton LLP also represented Evoltz.
