São Paulo, December 2024. Astris Finance congratulates its client CYMI Construções e Participações S.A. (“CYMI”), a branch of Cobra IS which is also a subsidiary of VINCI SA (“VINCI”), a leading global long-term infrastructure investor, on the successful acquisition of Cotesa Engenharia (“Cotesa”), one of the largest transmission and renewable O&M service providers in Brazil.

Cotesa provides operations and maintenance services for over 7,000 km of high voltage transmission lines and more than 3 GW of solar, wind and hydro plants, and is one of the key independent O&M service providers in Brazil.

The acquisition of Cotesa will strengthen Cymi’s footprint in the Brazilian transmission and O&M markets, creating synergies with its existing operations and benefiting Cymi’s clients with a wider platform of specialized services and technical solutions for energy assets.

"We are very pleased to have advised CYMI on this transaction. With the acquisition of this unique O&M service platform, our client consolidates its position in a very attractive niche which is complementary to its core business" said Daniel Uzueli, Head of Brazil for Astris Finance

“We thank Astris for their support as financial advisor to CYMI in the acquisition of Cotesa. As always, they have delivered an excellent work and their expertise has a great value” said Rógerio Diniz, Director at CYMI.

Astris acted as exclusive financial advisor to CYMI, with whom we have developed a long-standing global relationship in particular through several transactions in the transmission line and water sector in Brazil.

This landmark transaction further demonstrates Astris’ premier position in the Brazilian infrastructure and energy advisory market, where we are currently advising on transactions across a variety of sectors.