Vinci Partners, the controlling company of a leading alternative investment platform in Brazil, announced the partnership between Vinci Partners’ Infrastructure strategy and consortium Águas do Brasil, establishing a new concessionaire to invest in the public concession of Companhia Estadual de Águas e Esgotos’ (“CEDAE”) Block 3.
The Company will be ahead of CEDAE’s concession of Block 3, won by Águas do Brasil in the international public bid conducted by the State of Rio de Janeiro, and will be responsible for the provision of water supply and sanitation services for 21 cities in the state.
With this investment, the Fund will reach over 90% deployment considering raised commitments since its first close in 2021
This is the first investment from Vinci Infrastructure Water and Sewage strategy, through a 40% stake held in the Company. With this investment, the Fund will reach over 90% deployment considering raised commitments since its first close in 2021.
José Guilherme Souza, partner, and Head of Infrastructure for Vinci Partners, said, “This is an extremely relevant investment for VIAS, as we establish a partnership with Águas do Brasil, a group with extensive technical knowledge and experience in the water and sewage sector in Rio de Janeiro. We are thrilled to once again take part in the concession of basic services’ distribution, effectively contributing to improve the quality of water sanitation services to the state’s population.”