SANTA MONICA, Calif .– (COMMERCIAL THREAD) – i (x) Investments (“i (x)” or the “Company”), a permanent capitalization holding company focused on energy transition and sustainability in the built environment (“SIBE”), is pleased to to announce the listing on the New York Stock Exchange of Enphys Acquisition Corp. (âEnphysâ), a blank check company (SPAC) targeting renewable energy companies in Ibero-America, which it co-sponsored with LAIG Investments.
Enphys Acquisition Corp expects to raise $ 300,000,000 with its initial public offering price today of 30,000,000 units at $ 10.00 per unit. The company has increased its initial plans to raise $ 250,000,000 by offering 25,000,000 units at $ 10.00 per unit due to increased investor demand and will pursue a wide range of potential investments in the public markets. and private.
Enphys intends to focus on opportunities on the topic of energy transition, in sectors such as renewable energy production, energy storage, smart mobility, advanced fuels and mitigation sectors. carbon, as well as other affiliated services, industries and technologies, by assessing companies that may be in the process of transitioning to renewable technologies.
To date, âPrincipal Investorsâ in PSPC include: Alberta Investment Management Corp., Akaris Global Partners, LP, Ancora Advisors, LLC, Diameter Capital Partners LP, Fir Tree Capital Management (which is an investor in our sponsor), Polar Asset Management Partners, Sea Otter Securities Group LLC and Teacher Retirement System of Texas, or funds affiliated with these key investors.
Steve Oyer, CEO of i (x) Investments, said: âi (x) ‘s investment in the Enphys team represents the type of institutional quality and scalable investment in the energy transition in the growth markets of the Latam which we believe can bring us to a net future zero.
The Enphys team brings over 105 years of combined experience comprised of founders Jorge de Pablo, CEO, Carlos GuimarÃ£es, President, PÃ¤r LindstrÃ¶m, CFO and CIO of i (x) Investments and MatÃas de BujÃ¡n, COO. The management team will undertake a proactive thematic sourcing strategy and focus their efforts on companies where they believe the combination of founders’ operational experience, deal closing, investment history, professional relationships and Industry expertise can be catalysts to enhance growth potential and unlock the full value of a target company and generate attractive returns for shareholders.
The Enphys team, which has been one of the most active investors in the energy transition sub-sectors (production of renewable energies, energy storage and smart mobility) for the past fifteen years, sees prospects for significant growth for the Ibero-American region. The team believes that the Latin American region will benefit from the theme of energy transition for four main reasons: 1. The region is endowed with first-rate renewable energy resources; 2. Investments in renewable energies enjoy broad social and political support. 3. They benefit from favorable access to international, local and multilateral private financing and; 4. Regardless of economic cycles, secular population growth and urbanization lead to sustainable growth in energy consumption.
Aligned with i (x) ‘s investment areas, Enphys plans to leverage the energy transition of the global energy sector, from fossil fuel production and consumption systems to zero carbon renewable energy sources. The growing penetration of renewable energies in the energy mix, the start of electrification and the improvement of energy storage are all key drivers of the energy transition.
In addition to Enphys, i (x) investments include WasteFuel (waste to fuel) and, indirectly, Carbon Engineering (carbon to value), Context Labs (environmental data) and investments in sustainable real estate companies, MultiGreen Properties and Sustainable Living News.
Jorge de Pablo, CEO of Enphys said:
âWe believe that i (x) ‘s core values ââof impact investing are a perfect fit with LAIG’s vision and corporate philosophy. This partnership marks an important step in the history of our firm. We are very excited about the powerful skill set formed by the combination of our two organizations and the opportunity for us to together build the leader in energy transition in Latin America. ”
PÃ¤r LindstrÃ¶m, CFO of Enphys and CIO of i (x) Investments, said:
âLAIG’s unique access to agreements, track record and execution ability in these specific markets and the long-term goal of building the leading renewable energy platform in Latin America make this partnership extremely attractive to us. . ”
Today’s Enphys announcement can be found here: https://www.prnewswire.com/news-releases/enphys-acquisition-corp-announces-pricing-of-upsized-300-million-initial-public-offering-301393656.html
About i (x) investments
Founded in 2015, i (x) Investments is a permanent capitalization holding company for investors who wish to create long-term corporate value in combination with positive and measurable social impact. i (x) believes that the world’s biggest problems are also the greatest market opportunities and invests in areas of human needs. The current participations of i (x) focus on energy transition and sustainability in the built environment. The company uses a multi-strategy investment approach.
About LAIG Investments
Founded in 2008, LAIG invests in companies in the energy transition sector in Latin America, with growing exposure to North America, Europe and Israel, establishing a proven track record in building sustainable businesses and fast growing. LAIG currently controls and operates assets in renewable energy production, smart mobility and energy efficiency.