Estudio Echecopar, member of Baker & McKenzie International, advised Interconexion Electrica ISA Peru on the acquisition of Orazul Energy Group from Inkia Energy. The base purchase price is USD 152,000,000, which, plus adjustments, amounts USD 158,500,000. We also advised ISA Peru in a USD 158,000,000 financing for the acquisition.
The transaction was jointly led by the Lima and New York offices of Baker & McKenzie. In the M&A transaction, the team in Lima was led by Liliana Espinosa, Ines Vazquez and Uldarico Ossio, and the team in New York by Nick Marchica and Jonathan Farrokhnia. In the acquisition financing, the team in Lima was led by Marco Alarcon and Uldarico Ossio, and the team in New York by Andrew Sagor, Andy Parekh and Ava Haghighi.
Orazul Energy Group controls Etenorte and Eteselva, which operate six transmission lines spanning 746km in Peru.