PROJECT

Projects

Project Name Pending

Project Number

602222

Primary Business Area

Transaction Advisory

Disclosure Date

Jan 27, 2019

Country

Brazil

Region

Latin America and the Caribbean

IFC Approval Date

Jul 10, 2017

Status

Completed

Estimated Total Budget

Estimated Total Budget Pending
(Project budget includes all project-funded activities)

Last Updated Date

Mar 8, 2022

Project Estimated Start Date

Jun 26, 2017

Project Estimated End Date

Dec 31, 2019

Project Description

The client is currently one of the largest water utilities in the world providing water and sewage services to 26.7 million residential, commercial and industrial users in numerous municipalities in Brazil, including the city of Sao Paulo. The client is transitioning out of a difficult period that included an acute drought and a macroeconomic crisis and given these market conditions, the client has been in search of new funding sources. IFC will provide sell side advisory services to the client which include the following activities: assist the client to identify, market to, shortlist and engage with investors or strategic partners; support valuation, negotiations and transaction execution, including facilitation of investors due diligence up to deal closure; assist the client to define the new governance structure for the SPV resulting from the transaction between the client and buyers.

Development Results

E&S Risks / Impacts and Mitigation