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Ontario Teachers’ Pension Plan to acquire Evoltz platform in Brazil [free access]

May 14, 2021

Ontario Teachers’ Pension Plan Board (Ontario Teachers) has recently announced that it has entered into a definitive agreement with TPG Capital (previously known as Texas Pacific Group)—a global alternative asset firm, to acquire 100 per cent interest in the electricity transmission platform—Evoltz, in Brazil.

 

Founded by TPG in 2018, Evoltz consists of seven electricity transmission lines that total more than 3,500 km across 10 states in Brazil. Evoltz is a highly attractive portfolio of power transmission concessions that provides reliable power to businesses and consumers across Brazil.

 

The acquisition of Evoltz represents a significant infrastructure investment adding to Ontario Teachers' portfolio of high-quality investments in Brazil and across Latin America.