New York, NY – June 23, 2022: SMBC Nikko Securities America, Inc., a member of SMBC Group, announced today that it closed its first buy-side transaction in Latin America, acting as buy-side advisor in a $686 million deal for Innergex Renewable Energy Inc. (“Innergex”) in Chile. Innergex, headquartered in Canada, is an independent renewable power producer which develops, acquires, owns and operates hydroelectric facilities, wind farms, solar farms and energy storage facilities. SMBC Nikko Securities America advised on Innergex’s acquisition of 100% of the equity interests in Aela Generación S.A. and Aela Energía SpA’s renewable portfolio.

The acquisition will more than double Innergex’s installed operating capacity in Chile, making it one of the largest pure-play renewable energy producers in the country. The deal was led by SMBC Nikko Securities America’s global Power, Energy, and Infrastructure Mergers & Acquisitions practice.

This transaction showcases the strength of SMBC Nikko Securities America’s strong advisory capabilities to support global clients in M&A transactions in Latin America, leveraging our deep understanding of renewable assets and the region.

This transaction also supports SMBC Group’s initiatives to contribute to a sustainable society. The group has been developing the “SMBC Group GREEN Innovator” program to provide sustainability-related solutions, create new services, and accumulate related expertise.

About SMBC Nikko Securities America, Inc.
SMBC Nikko Securities America, Inc. is a member of SMBC Group, one of the world’s largest global financial institutions. Based in New York City, SMBC Nikko Securities America, Inc. provides investment securities and other financial services to corporate and institutional clients, focusing on North America and Latin America. SMBC Nikko Securities America, Inc. caters to institutional investors such as mutual funds, hedge funds, and other investment advisors.

About SMBC Group
SMBC Group is a top-tier global financial group. Headquartered in Tokyo and with a 400-year history, SMBC Group offers a diverse range of financial services, including banking, leasing, securities, credit cards, and consumer finance. The Group has more than 140 offices and 86,000 employees worldwide in nearly 40 countries. Sumitomo Mitsui Financial Group, Inc. (SMFG) is the holding company of SMBC Group, which is one of the three largest banking groups in Japan. SMFG’s shares trade on the Tokyo, Nagoya, and New York (NYSE: SMFG) stock exchanges. As of March 31, 2022, its total assets were $2.11 trillion.

In the Americas, SMBC Group has a presence in the U.S., Canada, Mexico, Brazil, Chile, Colombia, and Peru. Backed by the capital strength of SMBC Group and the value of its relationships in Asia, the Group offers a range of commercial and investment banking services to its corporate, institutional, and municipal clients. It connects a diverse client base to local markets and the organization’s extensive global network. The Group’s operating companies in the Americas include Sumitomo Mitsui Banking Corp. (SMBC), SMBC Nikko Securities America, Inc., SMBC Nikko Securities Canada, Ltd., SMBC Capital Markets, Inc., SMBC Rail Services LLC, Manufacturers Bank, JRI America, Inc., SMBC Leasing and Finance, Inc., Banco Sumitomo Mitsui Brasileiro S.A., and Sumitomo Mitsui Finance and Leasing Co., Ltd. For more information, please visit www.smbcgroup.com.

Media Relations Contact:
Mina Takahashi
+1 212-756-5593
mina_takahashi@smbcgroup.com