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Carey 

February, 2017 - Santiago, Chile

 

 

Pacific Hydro sale was chosen as “Cross-Border M&A Deal of the Year” by Latin Finance

 

The size, complexity and speed of execution of Pacific Hydro’s sale to State Power Investment Corporation of China impressed Latin Finance, magazine which chose it as the “Cross-Border M&A Deal of the Year” of 2016.

IFM Investors, an Australian pension fund, sold the renewable energy Company for roughly USD3 billion. Pacific Hydro was founded in Australia in 1992 and currently owns 19 hydroelectric plants and wind power farms in Australia, Chile and Brazil.

Carey law firm advised IFM Investors in Chile, whose team was led by partners Francisco Ugarte and Alberto Cardemil and the associates Tomás de la Maza and Eugenio González.

The generating facilities that Pacific Hydro owns have a combined capacity of 900MW of operating hydro and wind assets, in addition to others projects development pipeline for an additional 1,700MW.


 

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