Clai Fund’s acquisition of 33% stake in Duke Energy International Brazil Holdings


TozziniFreire Advogados, White & Case, Machado, Meyer, Sendacz y Opice and Linklaters have advised on the deal

Clai Fund, a Chinese fund which invests in Latin America, is acquiring 33% of Duke Energy International Brazil Holdings from the China Three Gorges Corporation, in a transaction worth $315 million.

In October 2016, China Three Gorges Corporation indirectly acquired Duke Energy Paranapanema (a company that Duke Energy International Brazil Holdings has the majority of shares of) from Duke Energy International.

Duke Energy Brazil assets include eight hydroelectric plants with a capacity of 2,057MW located between São Paulo and Parana states and two 17MW hydroelectric plants on the Sapucai Mirim River in the state of São Paulo.

TozziniFreire has advised Clai Fund with a team including Pedro Luis Galvao Seraphim, Roberta Graziela dos Santos Aronne.

White & Case has advised Clai Fund with a team including Oliver Brahmst (Picture), John Anderson Jr., Ipek Candan Snyder, Samuel Raboy and Matthew Hendy.

Machado, Meyer, Sendacz y Opice has advised Clai Fund with a team including Ana Karina E. De Souza, Guilherme Bueno Malouf and Clarissa Freitas.

Linklaters has advised Clai Fund with a team including with Shirley Sun.

TozziniFreire has advised China Three Gorges with Socio Pedro Luis Galvao Seraphim. Asociada Roberta Graziela dos Santos Aronne.

White & Case has advised China Three Gorges with Oliver Brahmst, John Anderson Jr., Ipek Candan Snyder, Samuel Raboy and Matthew Hendy.

Involved fees earner: Pedro Luis Galvao Seraphim – Tozzini Freire ; Roberta Graziela dos Santos Aronne – Tozzini Freire ; Guilherme Bueno Malouf – Machado, Meyer, Sendacz e Opice; Ana Karina De Souza – Machado, Meyer, Sendacz e Opice; Oliver Brahmst – White & Case; Ipek Candan Snyder – White & Case; Samuel Raboy – White & Case; Matthew Hendy – White & Case; John Anderson – White & Case; Shirley Sun – Linklaters;

Law Firms: Tozzini Freire ; Machado, Meyer, Sendacz e Opice; White & Case; Linklaters;

Clients: China Three Gorges Corporation; Clai Fund;

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Author: Ambrogio Visconti.