Hyperion Power Services plays significant role in major Latin America power acquisition
(Nov 2017) I Squared Capital, through its ISQ Global Infrastructure Fund II, has entered into an agreement to acquire the Latin American and Caribbean businesses (the “LatAm Businesses”) of Inkia Energy Limited, a wholly-owned subsidiary of IC Power Ltd. (“IC Power”). The transaction includes only the LatAm Businesses. IC Power’s Israeli asset, OPC Energy Ltd., is not being sold as part of the transaction.
One of the largest independent power producers in Latin America, Inkia Energy, has a highly contracted portfolio of approximately 3.4 gigawatts of gross installed capacity in nine countries, with a fleet of highly efficient hydroelectric, wind and thermal facilities across the region. The company also owns an electricity distribution company servicing approximately 1.7 million customers. Headquartered in Lima, Peru, Inkia is the second largest power producer in that country (based on installed capacity).
Hyperion Power Services (HPS) supported the acquisition process by providing I Squared Capital with a professional services package which included technical due diligence of IC Power Corporation assets.