Equipav, an infrastructure investment platform, and Perfin, a financial asset management firm, have teamed up to venture into the highway sector. Their collaboration results from a shared perspective on business opportunities within the sector’s concessions, grounded in governance, capital discipline, knowledge, technical expertise, and a commitment to sustainable development.
With a history rooted in infrastructure-related ventures, Equipav, established in 1960, boasts expertise in highway and mobility projects. Keeping a keen eye on industry shifts and opportunities, they’ve been conducting studies since 2021, the early outcomes of which are now emerging. This is augmented by their hands-on experience managing businesses in the regulated infrastructure concession sectors.
Their dedication to Brazil’s sustainable development and the well-being of its citizens is evident in their asset portfolio, highlighted by Aegea, founded in 2010 and a leading figure in Brazil’s private sanitation sector. Within highways and mobility, their investments feature the Bus Terminals of Campinas, the second largest in São Paulo, and Campo Grande, the foremost in Mato Grosso do Sul.
Meanwhile, Perfin, known for its expertise in the electricity and sanitation infrastructure segments, is expanding into highways and will now include this concession in the asset manager’s fund portfolios. With over R$ 23 billion under management, of which over R$ 6 billion is dedicated to electricity infrastructure funds, the firm has consistently sought returns through detailed analysis and a seasoned team of analysts in its 15-year history. Since its inception in 2007, Perfin has been a steadfast investor in the electricity sector, adhering to a rigorous and informed investment strategy and always closely monitoring investments with senior teams and specialized consultants for project evolution analysis.
Their partnership debuted in early August 2022 when they won bids for two highway concession lots from the Government of the State of Minas Gerais: Triângulo Mineiro and Sul de Minas. The two concessions will see investments amounting to R$ 5.5 billion in expansions, additional lanes, shoulders, improved access points, and bridge and overpass upgrades. An additional R$ 4.6 billion will cater to operational services such as 24-hour ambulance and mechanical assistance. Both concessions have a 30-year term.
The Triângulo Mineiro lot encompasses 627.4 km of highways serving 16 municipalities, while the Sul de Minas lot covers 454 km of roads spanning 22 municipalities.
Furthermore, EPR secured the concession for the Varginha-Furnas lot 3 in May this year (2023). This lot covers roads situated between São Sebastião do Paraíso and Três Corações in the southern region of Minas Gerais, adding up to 432.8 km benefiting 22 municipalities. This concession involves a total investment of R$ 2.6 billion for expansions, the addition of lanes, and operational services for users like ambulance and mechanical assistance. This concession, too, spans 30 years.