Warburg Pincus Is Investing in Brazil’s Omega Energia
Omega Energia Investment, a renewable energy company in Brazil, said it had obtained $205 million in investments from the American private equity firm Warburg Pincus as well as Tarpon Investimentos, already its controlling shareholder.
The additional 350 million reals will give Omega, which already holds a portfolio of small hydro power plants, the reserves to undertake larger projects, some of which are already under consideration.
Alain Belda, managing partner of Warburg in Brazil, said the stake was the firm’s “first in Brazil since the opening of our São Paulo office in February of this year.”
Omega, created in 2008, said Tuesday that it was conducting feasibility studies on a number of large hydro plants in the 50- to 200-megawatt range.
“Given the extremely large amount of resources required, energy is by nature a partnership business. I strongly believe that the growth of the renewable energy sector is happening due to the creation of larger enterprises with greater economies of scale,” said Antonio Augusto Bastos Filho, Omega’s chief executive.
Tarpon, based in Brazil, manages $3 billion in assets.
Source: dealbook.blogs.nytimes.com
