Providence Capital was the exclusive financial advisor to the selling shareholders. Providence Capital organized a confidential privately managed competitive process, inviting local and international potential investors including both strategic and financial investors.

Statkraft acquired 98.2% of Pilmaiquén’s shares through a tender offer. The equity value of the company was US$245 million. Considering that Pilmaiquén’s net financial debt was approx. US$ 165 million, the implied Enterprise Value was US$ 410 million.

Pilmaiquén owns and operates the Rucatayo hydropower plant (52.5 MW or 309 GWh per year). The company also holds water rights for three other hydropower projects in the same river basin, Osorno (54.3 MW / 343 GWh per year) and Los Lagos (50.8 MW / 310 GWh per year) being two of them.