TPG wins Abengoa’s Brazil transmission assets for over $540 mln, says source: Reuters

U.S. buyout firm TPG Capital Management LP won an auction for the Brazilian power transmission assets of Spain’s Abengoa SA, a person familiar with matter said on Wednesday.

TPG agreed to pay 482 million reais ($146 million) in cash and to take on 1.3 billion reais ($393 million) of Abengoa’s debts, according to the person, who asked not to be named because the results of the auction were confidential.