Campos Mello Advogados (CMA), in cooperation with DLA Piper, advised Grafito Fundo de Investimento em Participações Infraestrutura (Starboard), an investment fund managed by Starboard, in the joint acquisition of the Pampa Sul thermal power plant with Perfin.
Starboard and Perfin agreed to acquire 100 percent of Pampa Sul from Engie, one of the largest coal thermoelectric plants in operation in Brazil, for BRL$450 million and assuming a debt equivalent to BRL$1.8 billion.
Located in Candiota, Rio Grande do Sul, Pampa Sul has an installed capacity of 345 megawatts and serves about 1.3 million people in the region. The plant has long-term contracts for the sale of energy in the regulated market until 2044.
