Inverlink acted as an exclusive financial advisor for Empresas Públicas de Medellín (EPM) in the acquisition of CaribeMar (the “Company”), a NewCo that will be in charge of electric utilities in the departments of Bolívar, Cesar, Sucre, and Córdoba
About the Transaction
- In the context of a process aiming to incorporate a strategic player for the electric utility market served by Electricaribe (northern area of Colombia), Inverlink acted as exclusive financial advisor for EPM in the purchase of CaribeMar (the “Transaction”) ‒
- CaribeMar will be the new company in charge of electric utilities, serving a population of 6 million people in 127 municipalities in the departments of Bolívar, Cesar, Sucre and Córdoba ‒
- CaribeMar will execute an ambitious investment plan for around COP 4.0 tn in the next five years to improve quality and guarantee electric utility services in the region
- The Transaction makes EPM the largest energy distribution and commercialization company in Colombia, with a market share of ~ 35%
- Inverlink acted as EPM’s exclusive financial advisor on the Transaction
- Transaction closing is subject to the fulfillment of certain conditions precedent established in the Sales & Purchase Agreement
EPM Geographic Presence in Colombia
Target
CaribeMar
~6,455 GWh
Sales(1)
42,380 km
Power Lines(1)
162
Substations(1)
~1.51 MM
Customers(1)
COP ~4.0 Bn
5 yr. Investment Plan
Inverlink’s Role
INVERLINK has executed more than 200 transactions worth around USD 25 Bn, positioning us as a leader in the investment banking and M&A activity in Colombia and the region
About EPM
Grupo EPM is a multi-latino group with a presence in six countries: Colombia, Chile, El Salvador, Guatemala, Mexico, and Panama. The Company, which serves more than 20 million people, provides public utilities (water supply, wastewater management, energy generation, distribution, commercialization and transmission services; commercialization of natural gas, purification of seawater and solid waste management services)
(1) During / As of 2018