Conasa Infraestrutura, an owner and operator of concessions in water, wastewater sanitation, highway and public lighting across Brazil, has sold a significant equity stake to sustainable infrastructure company Generate Capital.
As part of the deal, Conasa has issued R$403 million ($71.4 million) of new shares to Generate, which will co-control the company with the founders.
Generate owns and operates more than 2,000 assets across North America. For Generate, the transaction represents an expansion of its portfolio of more than $2 billion in sustainable infrastructure assets in the Americas into the Brazilian private infrastructure market.
Conasa said the transaction will provide it with additional growth capital to accelerate the deployment of essential public services and sustainable infrastructure resources across Brazil.
“This investment aligns with Generate’s vision of working across sectors and geographies to rebuild the world and enable broad pa