Latham Advises CPP Investments on Investment in Inkia Alongside I Squared Capital

Canada Pension Plan Investment Board (CPP Investments) has announced that it will invest alongside I Squared Capital (I Squared) in Inkia Energy (Inkia), a Peruvian private power generation company in Peru. Under the terms of the transaction, CPP Investments has agreed to acquire a 50% ownership interest in Inkia at a total enterprise value of US$3.4 billion, with the remaining 50% ownership stake to be acquired by an I Squared-led continuation vehicle.

Latham & Watkins LLP represented CPP Investments in the transaction, with a deal team led by Latin America Practice partners Tony Del Pino, Carlos Ardila, and Jane Greyf, with associates Said Bakir, Francisco Lanusse, Steph Ference, Dean Dixon, and international visiting associate Giancarlo Carrazza. Advice was also provided on tax matters by partner Rene de Vera, with associate Valerie Silva Parra; on RWI matters by partner Harrison White, with associate Enrique Covarrubias; on regulatory matters by counsel Tim McCarten; on sanctions matters by partner Andrew Galdes, with associate C.J. Rydberg; and on compliance and data privacy matters by Houston partner Robert Brown.