Garrigues wins two IJInvestor Awards (Americas) for its advice on projects in Chile and Peru
Both projects have already garnered recognition from LatinFinance
Garrigues has been recognized in the Transaction Awards category in the latest edition of the IJInvestor Awards (Americas) for its advice on two major transactions in Chile and Peru.
Specifically, Garrigues picked up Refinance of the Year in Latin America for its involvement in the acquisition and refinancing of EnfraGen renewable energy assets in Chile. It also took Utilities Acquisition of the Year in Latin America for the acquisition of Enel’s Peruvian renewable energy assets by Actis.
Both projects were also winners at the LatinFinance Project and Infrastructure Finance Awards, organized by financial publication LatinFinance in October.
In the first case, Garrigues’ four Latin American offices advised the lenders on the modification of a US$1.04 billion credit facility granted to Prime Energía SpA, Enfragen Spain SAU and Enfragen Energía Sur SAU (subsidiaries of the Enfragen group). The credit facility, closed in October 2023, was used to acquire and develop multiple power plants in various jurisdictions, including Colombia, Costa Rica, Panama and Spain.
In the second case, the firm advised investment fund Actis on the acquisition of 92.35% of the voting shares of Orygen Peru (formerly Enel Generación Peru). The deal, valued at a total of US$1.3 billion, set the record for the largest ever tender offer registered on the Lima stock exchange. Several Garrigues teams took part in the deal: M&A, Antitrust, Financial Regulation/Capital Markets and Finance.
The IJInvestor Awards feature 28 categories across three divisions: Company Awards, Transaction Awards and Individual Awards. Their aim is to acknowledge excellence in fund raising and deployment, as well as M&A activity in the energy and infrastructure sector.