State Power Investment Corporation’s acquisition of Pacific Hydro Group


Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga, King & Wood Mallesons, Veirano Advogados and Herbert Smith Freehills have advised on the deal

SPIC is one of the five-largest power generation groups in China, with over 100 GW of installed capacity. The company has over US$113 billion of generation assets under management across 35 countries and regions including China, Japan, Turkey, Malta, Vietnam, Pakistan and Guinea.

Pacific Hydro is an independent, global owner, operator and developer of wind and hydro renewable energy assets. Pacific Hydro has a high quality and diversified portfolio of 19 operating assets across Chile, Australia and Brazil (together with a substantial pipeline of development projects in those markets and a growing electricity retail platform in Australia).

The seller, IFM Investors is (through a combination of its funds) a major infrastructure investor, owned by some of Australia’s largest superannuation funds.

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga has advised State Power Investment Corporation with Bruno Werneck (Picture) and Eugênia Maria Menezes Pedroso.

King & Wood Mallesons has advised State Power Investment Corporation with Xiong Jin and Luo Ai.

In Brazil, Veirano has advised IFM Investors with Roberto Rudzit Neto (Picture), Tiago Kümmel Figueiró and Amaury de Souza Prado Neto.

Herbert Smith Freehills has advised IFM Investors with David Ryan and Bailee Walker.

Involved fees earner: David Ryan – Herbert Smith Freehills; Bailee Walker – Herbert Smith Freehills; Bruno Werneck – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Eugênia Maria Menezes Pedroso – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Roberto Rudzit Neto – Veirano Advogados; Tiago Figueiró – Veirano Advogados; Amaury de Souza Prado Neto – Veirano Advogados; Tiago Figueiró – Veirano Advogados; Xiong Jin – King & Wood Mallesons; Luo Ai – King & Wood Mallesons;

Law Firms: Herbert Smith Freehills; Mattos Filho Veiga Filho Marrey Jr & Quiroga; Veirano Advogados; King & Wood Mallesons;

Clients: IFM Investors Pty Ltd; State Power Investment Corporation;

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Author: Ambrogio Visconti.