Canada Pension Plan Investment Board’s Acquisition of Stake in Iguá Saneamento

Dias Carneiro Advogados represented Cyan Fundo de Investimento, Stocche Forbes Advogados represented CCPIB, Pinheiro Neto Advogados represented Iguá Saneamento and Iguá Fundo De Investimento, while Mattos Filho Advogados represented AIMCo in the transaction.

Canada Pension Plan Investment Board (“CPP Investments”) has agreed to invest an expected R$1,178 million (C$270 million) for a 45% aggregate stake in Iguá Saneamento S.A. (“Iguá”), partnering with other existing investors including Alberta Investment Management Corporation (“AIMCo”) and IG4 Capital Group (“IG4 Capital” or “IG4”).

Iguá is the third-largest private water and sewage treatment service provider in Brazil, operating 18 concessions and contracts across five Brazilian states, and providing sanitation services for more than six million people.

Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages the Fund in the best interest of the more than 20 million contributors and beneficiaries of the Canada Pension Plan. 

Alberta Investment Management Corporation (AIMCo) is one of Canada’s largest and most diversified institutional investment managers with more than $118 billion of assets under management. 

IG4 Capital is a specialist alternative investment asset management firm focused on generating superior performance with purpose through value creation, ESG integration and sustainable capitalism in the emerging markets. 

Dias Carneiro Advogados advised Cyan Fundo de Investimento with Artur Fernandes Andrezo (partner; Picture), Thiago Vallandro Flores (partner), Pedro Malvezzi de Araújo (counsel).

Stocche Forbes Advogados advised Canada Pension Plan Investment Board (CPPIB) with Fabiano Milani (partner), Raphael Fonseca Niemeyer (associate), Melissa Rodrigues (associate).

Pinheiro Neto Advogados advised Iguá Saneamento and Iguá Fundo De Investimento with Eduardo Paoliello (partner), Mariana Alonso Tomazelli (associate), Otavio Balero Pereira de Carvalho (associate), Ana Clara Mattiello Sverzut (associate).

Mattos Filho Advogados advised AIMCo with Daniel Calhman de Miranda (partner), Guilherme Woo de Moraes Terra (partner), Raphael Yukio Hayakawa da Costa (associate), Mateus Telles Valle (associate).

Involved fees earner: Artur Fernandes Andrezo – Dias Carneiro Advogados; Pedro Malvezzi de Araujo – Dias Carneiro Advogados; Thiago Vallandro Flores – Dias Carneiro Advogados; Daniel Calhman de Miranda – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Mateus Telles Valle – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Guilherme Woo de Moraes Terra – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Raphael Yukio Hayakawa da Costa – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Mariana Alonso Tomazelli Bassoli – Pinheiro Neto; Eduardo Paoliello Jr. – Pinheiro Neto; Otavio B. Pereira de Carvalho – Pinheiro Neto; Raphael Fonseca Niemeyer – Stocche Forbes Advogados; Fabiano Marques Milani – Stocche Forbes Advogados; Melissa Rodrigues – Stocche Forbes Advogados;

Law Firms: Dias Carneiro Advogados; Mattos Filho Veiga Filho Marrey Jr & Quiroga; Pinheiro Neto; Stocche Forbes Advogados;

Clients: Alberta Investment Management Corporation; Canada Pension Plan Investment Board; Cyan Fundo de Investimento; Iguá Saneamento S.A.;

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