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GP Investments took control of the company in May 2004, committing US$3.2 million in equity from its private equity funds and an additional US$8.5 million from co-investors.
- Company Headquarters: Brazil
- Business focus: Electricity distribution
- Revenue: US$497 million
GP Investments structured a transaction that kept Equatorial Energia—the electricity distributor for one of Brazil’s poorest states— out of bankruptcy and oversaw the company’s transformation into an industry leader
GP Investments installed a new management team, including one of its own partners as CEO, and implemented a far-reaching turnaround plan that improved corporate governance, cut costs and enhanced service quality
Between 2005 and 2006, Equatorial Energia’s “Light for All Program” expanded electricity coverage to over 100,000 new households and businesses—benefiting over 500,000 residents