Colbun-led group buys power company in Peru

Colbun-led group buys power company in Peru

Peru M&A

Colbun is leading a three-member consortium that has agreed to buy Fenix Power Peru for $171.4m, the Chilean power company said. The sovereign wealth fund Abu Dhabi Investment Authority (ADIA) and an infrastructure investment fund from Peruvian asset manager Sigma are the other two members of the group. Colbun will gain controlling rights over Fenix with a 51% share, while ADIA will own 36% and Sigma FI will have 13%. The consortium will also take on net debt of $614.6m, putting Fenix's total v

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