Patria has transferred the Chilean desalination project, Aguas Pacifico, to another fund and private equity buyers, supported by Proskauer Rose LLP and Carey. The move reflects Patria’s asset management strategy and the rising interest in water infrastructure investments in Latin America.
Patria, a Brazilian investment firm, has facilitated the transfer of the Aguas Pacifico desalination project located in Chile to a different fund under its management, as well as to a consortium of private equity investors. This transaction has been supported by the legal expertise of two offices from Proskauer Rose LLP and the Chilean law firm Carey, ensuring regulatory compliance and facilitating the legal processes involved in the transfer.
The transaction reflects Patria’s strategic management of its assets and underscores the growing interest from private equity in the water infrastructure sector in Latin America. Water desalination projects have become increasingly vital for addressing water scarcity issues, making them attractive investment opportunities.
Legal support was crucial for the successful transfer of ownership, as it involved navigating complex regulatory frameworks and ensuring that all parties adhered to the necessary legal requirements. The collaboration of Proskauer Rose LLP and Carey exemplifies the importance of strong legal partnerships in facilitating such significant transactions in the infrastructure domain.
In summary, Patria has successfully transferred the Aguas Pacifico desalination project to another fund and a group of private equity buyers, with the assistance of Proskauer Rose LLP and Carey. This strategic move highlights the increasing attractiveness of water infrastructure investments in Latin America amid growing water scarcity challenges. The effective legal collaboration between these firms played a pivotal role in ensuring the smooth transition of ownership.
Original Source: latinlawyer.com
