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Marathon Capital Advises CEI Energética on Joint Venture in Brazil

September 23, 2021


Mergers and Acquisitions

  • Thiago Alfaia

    Managing Director

CHICAGO, IL – September 23, 2021 – Marathon Capital, LLC (“Marathon Capital”) has announced CEI Energética (“CEI”) and Nebras Power (“Nebras”) have created a partnership to navigate the rapidly growing energy sector in Brazil. The joint venture company (“Company”) will own, operate, and manage 18 hydroelectric plants in Brazil, an installed capacity of 72 MW, a portfolio of more than 13GW in photovoltaic projects, and BEI – a service company that provides operation, maintenance, and engineering for power plants. Marathon Capital acted as exclusive financial advisor to CEI on the transaction.

Marathon Capital ran a comprehensive marketing effort including valuation and transaction execution support throughout the process, ultimately resulting in a strong outcome with the right investment partner for CEI.

“The joint venture is a key milestone in our Company’s history and will allow us to further our growth and take advantage of the opportunities in Brazil’s vibrant renewables market. On behalf of CEI, I would like to thank Marathon Capital for their advice, expertise, and dedication that helped us crystallize this important partnership.” – Romero Ferreira, Chief Executive Officer, CEI Energetica.

“It was a pleasure working with the CEI team on this process, and we are proud to have this successful joint venture commemorate Marathon Capital’s first official transaction in the Brazilian energy market. We wish the Company, and parties involved, success in all current and future endeavors.” – Thiago Alfaia, Managing Director, Marathon Capital




About CEI Energética
The CEI Energética Group is present in 15 states of the country through its own plants and those of customers, which enables optimization in meeting the demands of plants and quality in its operations. It currently has 19 of its own hydroelectric power plants that add up to 82MW of installed power.

Through CEI Solar, it is specialized in the development of photovoltaic projects with a team dedicated to identifying the best locations for installation, environmental licensing, elaboration, and engineering and grid connection projects. Its current pipeline is over 13GW.

Through ATMO Energia, the Group operates in the commercialization and provision of consulting and advisory services in electricity, always seeking to contribute to market liquidity and optimization for its customers.

BEI is the business unit of the CEI Energética group focused on services for the Operation, Maintenance, and Engineering of power plants. It is currently present in 15 states of the country, with capillarity and O&M optimization capacity for all types of plants.


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