Inverlink acted as an exclusive financial advisor for Empresas Públicas de Medellín (EPM) in the acquisition of CaribeMar (the Company), a NewCo that will be in charge of electric utilities in the departments of Bolívar, Cesar, Sucre, and Córdoba

About the Transaction

  • In the context of a process aiming to incorporate a strategic player for the electric utility market served by Electricaribe (northern area of Colombia), Inverlink acted as exclusive financial advisor for EPM in the purchase of CaribeMar (the “Transaction”) ‒
    • CaribeMar will be the new company in charge of electric utilities, serving a population of 6 million people in 127 municipalities in the departments of Bolívar, Cesar, Sucre and Córdoba ‒
    • CaribeMar will execute an ambitious investment plan for around COP 4.0 tn in the next five years to improve quality and guarantee electric utility services in the region
  • The Transaction makes EPM the largest energy distribution and commercialization company in Colombia, with a market share of ~ 35%
  • Inverlink acted as EPM’s exclusive financial advisor on the Transaction
  • Transaction closing is subject to the fulfillment of certain conditions precedent established in the Sales & Purchase Agreement

EPM Geographic Presence in Colombia

EPM Geographic Presence in Colombia

Target

CaribeMar

~6,455 GWh

Sales(1)

42,380 km

Power Lines(1)

162

Substations(1)

~1.51 MM

Customers(1)

COP ~4.0 Bn

5 yr. Investment Plan

Inverlink’s Role

INVERLINK has executed more than 200 transactions worth around USD 25 Bn, positioning us as a leader in the investment banking and M&A activity in Colombia and the region

About EPM

Grupo EPM is a multi-latino group with a presence in six countries: Colombia, Chile, El Salvador, Guatemala, Mexico, and Panama. The Company, which serves more than 20 million people, provides public utilities (water supply, wastewater management, energy generation, distribution, commercialization and transmission services; commercialization of natural gas, purification of seawater and solid waste management services)

(1) During / As of 2018

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