We are pleased to announce that Canada Pension Plan Investment Board (“CPP Investments”) has signed the final documentation to invest a total amount of R$1.18 billion (equivalent to C$270 million) in Iguá Saneamento S.A. (“Iguá” or “Company”), reaching a final ownership stake of 45% in the Company. Iguá is a leading private player operating in the high growth water & sewage industry, with 18 concessions and contracts, serving over six million people distributed in five different States of the Brazilian territory.

Metis Advisors (“Metis”) acted as Exclusive Financial Advisor to CPP Investments in this strategic transaction which required the structuring of a long-term partnership with other premier business partners, including Alberta Investment Management Corporation (“AIMCo”) (39%), IG4 Capital Group (“IG4”) (5%) and the Brazilian Development Bank (“BNDES”) (11%).

This transaction, which is Metis’ first successful assignment in the water & sewage industry in Brazil, demonstrates our capacity to deliver unique execution skills in complex cross-border deals encompassing diverse shareholding structures. Metis operates in multiple jurisdictions through its operational alliances in Latin America (Atlantico Capital and Providence Capital) and Europe (CASE Corporate Finance and Cassiopea Partners).

Congratulations to CPP Investments and to the shareholders and Management Team of Iguá for this exceptional transaction, that will enable the Company to accelerate its capacity to deploy capital in the forthcoming auctions of concessions and privatization processes that will take place under the New Sanitation Law in Brazil. We have been privileged to have contributed to this outstanding deal, and we wish continued and accelerated success to Iguá under its new shareholding structure.

The transaction is subject to customary closing conditions and regulatory approvals.