Blue Water Worldwide’s Agreement With Grupo Energía Bogotá For The 100% Shares Acquisition Dunas Energía S.A.A.

Simpson Thacher represented affiliates of Blue Water Worldwide (“BWW”) in connection with the negotiation of an agreement with Grupo Energía Bogotá S.A. E.S.P. (“GEB”) pursuant to which GEB will initiate a public tender offer in the Lima Stock Exchange for the acquisition of 100% of the shares of Dunas Energía S.A.A. (“DESAA”), a publicly-listed Peruvian company.

In addition, the Firm represented affiliates of BWW in connection with the sale of PPC Peru Holdings S.R.L. and Cantalloc Peru Holdings to GEB. Both transactions are subject to customary closing conditions and regulatory approvals, and the transfer of DESAA is subject to the successful completion of the public tender offer to be initiated by GEB.

The Electro Dunas Group is a group of companies whose principal activity is the distribution and commercialization of electricity in Peru, with over 240,000 customers centered in Ica, Peru, and also provides distributed generation solutions as well as construction, operation and maintenance services for power infrastructure and equipment. BWW is a fund managed by Blue Water Advisors LP, a private equity firm focused on acquiring and developing real asset-based businesses in the United States and Latin America. GEB, based in Colombia, is a holding company that is a leader in transmission and distribution of energy, and transportation and distribution of natural gas in Colombia, Peru, Brazil and Guatemala.

The Simpson Thacher team included S. Todd Crider (Picture), Borja Marcos, Alejandro De Ramon-Laca and Daniel Malatesta (M&A); and Andrew Purcell and Brian Mendick (Tax).

Involved fees earner: Todd Crider – Simpson Thacher & Bartlett; Alejandro de Ramon-Laca – Simpson Thacher & Bartlett; Borja Marcos – Simpson Thacher & Bartlett; Brian Mendick – Simpson Thacher & Bartlett; Daniel Malatesta – Veirano Advogados;

Law Firms: Simpson Thacher & Bartlett; Veirano Advogados;

Clients: Blue Water Worldwide;

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Author: Ambrogio Visconti