Mar 22, 2021

Investment Partners Support Growth of Brazilian Water and Sewage Treatment Service Provider

Canada Pension Plan Investment Board has agreed to invest an expected $270 million for a 45% aggregate stake in Iguá Saneamento S.A., partnering with other existing investors including Alberta Investment Management Corporation and IG4 Capital Group.

Iguá is a water and sewage service holding company operating 18 concessions and contracts across five Brazilian states, and providing sanitation services for more than six million people.

AIMCo will own an estimated 39% aggregate stake in Iguá through a direct interest in the company and an interest in FIP Iguá and FIP Mayim alongside CPP Investments and IG4 Capital.

“We welcome the addition of a high-calibre investment partner such as CPP Investments,” said Ben Hawkins, AIMCo’s Senior Vice President of Infrastructure & Renewable Resources. “Iguá is well positioned for continued growth as a leading water and sanitation platform in Brazil and on behalf of our clients, we look forward to collaborating with all partners.”