Notícias

CONASA INFRAESTRUTURA S.A. ANNOUNCES SALE OF SIGNIFICANT EQUITY STAKE TO GENERATE CAPITAL

CONASA INFRAESTRUTURA S.A. ANNOUNCES SALE OF SIGNIFICANT EQUITY STAKE TO GENERATE CAPITAL

Conasa Infraestrutura S.A. announces sale of significant equity stake to Generate Capital, raising capital to accelerate sustainable infrastructure growth across Brazil

 

Deal represents Generate’s debut transaction in Latin America as the sustainable infrastructure  company grows its global footprint 

LONDRINA, BRAZIL & SAN FRANCISCO, CA – January 6, 2022 – Conasa Infraestrutura S.A., an  owner and operator of concessions in water, wastewater sanitation, highway and public lighting  across Brazil, today announced that it has closed a transaction raising significant equity capital  from Generate Capital, a leading sustainable infrastructure company which owns and operates  more than 2,000 assets across North America. 

The transaction will provide Conasa with additional growth capital to accelerate the deployment  of essential public services and sustainable infrastructure resources across Brazil. Conasa’s  projects today serve 1,395,000 inhabitants in water and sanitation, operating 1.520 km (944  miles) of toll roads and 283,000 public lighting points, reaching 3.3 million inhabitants. Conasa  has issued $R 403 million ($71.4 million) of new shares to Generate as part of the deal, and  Generate will co-control the company with the founders. 

“We’re happy to announce this transaction and partner with a leader in sustainable infrastructure  like Generate,” said Mario Vieira Marcondes Neto, chief executive officer of Conasa. “Generate  shares our vision of developing infrastructure that meets the needs of our customers,  communities and the country, and will be a valued partner as we continue our rapid growth with  responsible and sustainable projects across Brazil.”  

Since its founding in 2007, Conasa has grown principally in the sanitation sector where Brazil  requires $R 753 billion ($132 billion) of investment by 2033 to reach the country’s universal  sanitation services goals across its population. Conasa is also growing its operations in  infrastructure around energy, toll roads and lighting assets across Brazil, offering improvements  that increase equitable access to resources. The company has more than 550 employees that  provide operations and maintenance support for its assets. Conasa received the required  approvals from its board, bondholders and shareholders to complete the transaction.  

For Generate, the transaction represents an expansion of its portfolio of more than $2 billion in  sustainable infrastructure assets in the Americas into the Brazilian private infrastructure market. 

“Generate is excited about Conasa’s substantial growth in Brazil and the opportunity to partner  with a proven infrastructure leader,” said David Perl, managing director at Generate. “This  investment aligns with Generate’s vision of working across sectors and geographies to rebuild  the world and enable broad participation in the benefits of the infrastructure transition. We look  forward to partnering with the team at Conasa to continue building affordable, reliable and  sustainable infrastructure across South America’s largest market."  

Generate builds, owns, operates and finances sustainable infrastructure that delivers affordable  and reliable resource solutions for companies, governments and communities across North  America. Since 2014, Generate has partnered with more than 40 leading technology and project developers to build assets across the energy, waste, water and transport markets. Generate  serves the critical needs of over 2,000 customers, including companies, universities, school  districts, cities and non-profits. The company announced last year that it had raised $2 billion  from global institutional investors to expand its operations. 

 

ABOUT CONASA 

Conasa Infraestrutura, S.A. is an infrastructure holding company, focused on long term  concessions, currently working in the sectors of sanitation, toll roads and lighting, especially for  mid-sized concessions in Brazil. In sanitation, Conasa serves 1,395,000 inhabitants across 37  municipalities where it has substantially increased sewage treatment coverage where it was  previously unavailable. Conasa manages 1.520 km (944 miles) of toll roads and manages 283,000 public lighting points for 3.3 million inhabitants in Brazil. For more information, please  visit www.conasa.com 

  

ABOUT GENERATE 

Generate Capital, PBC is a leading sustainable infrastructure company driving the infrastructure  revolution. Generate builds, owns, operates and finances solutions for clean energy, water, waste  and transportation. Founded in 2014, Generate partners with over 40 technology and project  developers and owns and operates more than 2,000 assets globally. Generate is the one-stop  shop offering pioneers of the infrastructure revolution tailored funding and support needed to get  projects built. Our Infrastructure-as-a-Service model delivers affordable, reliable and sustainable  resources to over 2,000 customers, companies, communities, school districts and universities.  Together, we are rebuilding the world. For more information, please visit  www.generatecapital.com.  

 

Media Contacts 

For Conasa 
Cláudio Ramos 
+55 43 3025 3636 
ri@conasa.com 

For Generate 
Emily Chasan 
(415) 480-2914 
press@generatecapital.com