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conduitcap.com

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Investments

4

Portfolio Exits

2

Funds

5

About Conduit Capital Partners

Founded in 2003, Conduit Capital Partners is a New York, New York based private equity firm.

Conduit Capital Partners Headquarter Location

477 Madison Avenue

New York, New York, 10022,

United States

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Latest Conduit Capital Partners News

Conduit Capital to Sell Power Plant in Mexico to ATCO

Jan 11, 2018

December 21, 2017 Private equity firm and energy investor Conduit Capital Partners announced that it has agreed to sell its stake in Electricidad del Golfo, a 35 megawatt (MW) hydroelectric power plant in the state of Veracruz, Mexico. ( Press Release ) Conduit Capital Partners LLC (“Conduit”), a private equity investment firm focused on the independent electric power and energy industry in Latin America and the Caribbean, today announced that it has agreed to sell its interest in Electricidad del Golfo, a 35 megawatt (MW) hydroelectric power plant in the state of Veracruz, Mexico, to ATCO, a diversified global corporation based in Canada, for a total consideration of approximately US$90 million (including the assumption of approximately US$26 million of net financial debt). Conduit owns an interest in Electricidad del Golfo through its fund, Latin Power III. The proposed transaction is subject to customary conditions and is anticipated to close in the first quarter of 2018. “This was a highly successful development project and exit for our investors. Attracting a strategic energy group like ATCO underscores the effectiveness of Conduit’s strategy as well as the firm’s expertise in identifying, building and bringing projects to realization.” Electricidad del Golfo is one of the largest hydroelectric power plants operating under the self-supply regime in Mexico and is fully contracted with high quality offtakers. The plant includes a small reservoir for the regulation and optimization of the Apatlahuaya River flows. Conduit began building the state-of-the-art plant in 2011, and it has been continually operating at high output and safety standards since 2014. George Osorio, Conduit’s Managing Partner, stated, “This was a highly successful development project and exit for our investors. Attracting a strategic energy group like ATCO underscores the effectiveness of Conduit’s strategy as well as the firm’s expertise in identifying, building and bringing projects to realization.” Conduit is also planning to begin the sale process for its 22 MW wind power plant in Monterrey, Mexico in 2018, Osorio added. BNP Paribas acted as exclusive financial advisor to Conduit on the sale. Conduit Capital to Sell Power Plant in Mexico to ATCO was last modified: January 11th, 2018 by Editor

Conduit Capital Partners Investments

4 Investments

Conduit Capital Partners has made 4 investments. Their latest investment was in Oxwash as part of their Seed VC - III on June 6, 2021.

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Conduit Capital Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/21/2021

Seed VC - III

Oxwash

$3M

Yes

1

6/15/2009

Private Equity

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10

12/31/1995

Growth Equity

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10

6/30/1994

Series A

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10

Date

6/21/2021

6/15/2009

12/31/1995

6/30/1994

Round

Seed VC - III

Private Equity

Growth Equity

Series A

Company

Oxwash

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Amount

$3M

New?

Yes

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Co-Investors

Sources

1

10

10

10

Conduit Capital Partners Portfolio Exits

2 Portfolio Exits

Conduit Capital Partners has 2 portfolio exits. Their latest portfolio exit was Pedregal Power Company on August 28, 2015.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/28/2015

Acquired

Undisclosed Investors

1

10/9/2007

Leveraged Buyout - II

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10

Date

8/28/2015

10/9/2007

Exit

Acquired

Leveraged Buyout - II

Companies

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Valuation

Acquirer

Undisclosed Investors

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Sources

1

10

Conduit Capital Partners Acquisitions

5 Acquisitions

Conduit Capital Partners acquired 5 companies. Their latest acquisition was Pedregal Power Company on June 22, 2009.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

6/22/2009

$99M

Leveraged Buyout

1

10/30/2008

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$99M

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10

12/31/2006

Private Equity

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$99M

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10

6/30/2004

Growth Equity

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$99M

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10

12/31/1998

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$99M

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10

Date

6/22/2009

10/30/2008

12/31/2006

6/30/2004

12/31/1998

Investment Stage

Private Equity

Growth Equity

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Leveraged Buyout

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Sources

1

10

10

10

10

Conduit Capital Partners Fund History

5 Fund Histories

Conduit Capital Partners has 5 funds, including Latin Power III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/26/2006

Latin Power III

REAL Assets

Closed

$393M

1

12/31/1998

Latin Power II

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$99M

10

12/31/1993

Latin Power I

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$99M

10

Certificados de capital de desarrollo

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10

Latin Power Trust IV L.P.

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10

Closing Date

9/26/2006

12/31/1998

12/31/1993

Fund

Latin Power III

Latin Power II

Latin Power I

Certificados de capital de desarrollo

Latin Power Trust IV L.P.

Fund Type

REAL Assets

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Status

Closed

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Amount

$393M

$99M

$99M

Sources

1

10

10

10

10

Conduit Capital Partners Team

3 Team Members

Conduit Capital Partners has 3 team members, including current Chief Financial Officer, Eduardo Goya.

Name

Work History

Title

Status

Eduardo Goya

Chief Financial Officer

Current

Marc Frishman

Managing Partner

Current

George Osorio

Managing Partner

Current

Name

Eduardo Goya

Marc Frishman

George Osorio

Work History

Title

Chief Financial Officer

Managing Partner

Managing Partner

Status

Current

Current

Current

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