CMS Grau advised Colbún Perú S.A. (“Colbún Perú”), subsidiary of Colbún S.A. (“Colbún”) in the acquisition of Platinum Bolt A 2015 RSC Limited’s (“Platinum Bolt”) indirect participation in Fenix Power Perú S.A. (“Fenix”), through the acquisition of 41.38% of the shares issued by Inversiones de Las Canteras S.A. (“Las Canteras”). Thus, Colbún Perú has become the holder of all of Las Canteras’ equity shares and, as a consequence thereof, sole controller of Fénix. The transaction value exceeded USD70 million.
Fenix is one of the main generators in the Peruvian energy market, with a share of approximately 8% of the market. Its thermoelectrical power plant is the only one with a dual combined cycle in Peru (natural gas and water steam) and has an installed capacity of 572 MW.
Colbún is a power generation company with 39 years of experience. It is the third largest electricity operator in the Chilean market, with a portfolio of more than 350 industrial and corporate customers, nearly 1,300 employees and an installed capacity of over 5,000 MW across 29 power plants in Chile and Peru.
The closing of the transaction occurred on August 21.
External Legal Advisors for Colbún:
CMS Grau: Partners Juan Carlos Escudero and Miguel Viale, and team composed of Cinthia Cánepa and Pablo Martínez.
Barros & Errázuriz: Fernando Garrido.
Internal Legal Advisors for Colbún:
Rodrigo Pérez and Verónica Vergara.
External Legal Advisors for Platinum Bolt:
Rebaza, Alcázar y de las Casas: Partner Luis Miguel Elías, and team composed of Rafael Santín and Derek Ortmann.
Linklaters: Partner Rupert Cheyne y Maxi Niefer.
