SANTA MONICA, California, October 06, 2021– (BUSINESS WIRE) – i (x) Investments (“i (x)” or the “Company”), a permanently capitalized holding company with a focus on energy transition and sustainability in the built environment (“SIBE”), is pleased to announce its listing on. to announce Enphys Acquisition Corp.’s New York Stock Exchange. (“Enphys”), a blank check company (SPAC) targeting renewable energy companies in Ibero-America that it jointly sponsored with LAIG Investments.
Enphys Acquisition Corp plans to raise $ 300,000,000 at the price of its IPO today of 30,000,000 units at $ 10.00 per unit. The company increased its original plans to raise $ 250,000,000 by offering 25,000,000 units at $ 10.00 per unit in response to increased investor demand and will pursue a wide range of potential investments in the public and private markets .
Enphys intends to focus on energy transition opportunities in sectors such as renewable energy generation, energy storage, smart mobility, advanced fuels and carbon abatement, as well as other related services, industries and technologies, and to evaluate companies making the transition to renewable technologies.
So far, the “anchor investors” in the SPAC include: Alberta Investment Management Corp., Akaris Global Partners, LP, Ancora Advisors, LLC, Diameter Capital Partners LP, Fir Tree Capital Management (an investor of our sponsor), Polar Asset Management Partners, Sea Otter Securities Group LLC and the Teacher Retirement System of Texas or funds affiliated with such anchor investors.
Steve Oyer, CEO of i (x) Investments, said, “i (x )’s investment in the Enphys team represents the kind of institutional quality and scalable investment in the energy transition in Latam’s emerging markets that we believe they can lead us to a network zero future. “
The Enphys team brings together more than 105 years of experience, consisting of the founders Jorge de Pablo, CEO, Carlos Guimarães, Chairman, Pär Lindström, CFO and CIO of i (x) Investments and Matías de Buján, COO. The management team will pursue a proactive, thematic sourcing strategy and focus efforts on companies where the combination of founders’ operating experience, deal-making, investment track record, professional relationships and industry expertise can be catalysts for increasing the potential for growth and realizing 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 sub-sectors of the energy transition (renewable energy generation, energy storage and intelligent mobility) for fifteen years, sees significant growth prospects for the Ibero-American region. The team believes that the Latin America region will benefit from the energy transition for four main reasons: 1. The region is endowed with world-class renewable energy resources; 2. Investments in renewable energies enjoy broad social and political support. 3. You benefit from supportive access to private international, local and multilateral funding and; 4. Regardless of business cycles, secular growth demographics and urbanization drive sustainable growth in energy use.
Aligned with the focus areas of i (x) Investments, Enphys plans to use the energy transition of the global energy sector from fossil-based systems of energy generation and consumption to carbon-free renewable energy sources. The increasing penetration of the energy mix with renewable energies, the incipient electrification and improvements in energy storage are key drivers of the energy transition.
In addition to Enphys, investments by i (x) WasteFuel (Waste to Fuel) and indirectly include Carbon Engineering (Carbon to Value), Context Labs (environmental data) and investments in sustainable real estate companies, MultiGreen Properties and Sustainable Living innovations.
Jorge de Pablo, CEO of Enphys, said:
“We believe that the core values of i (x) Impact Investing fit perfectly into LAIG’s vision and business philosophy. This partnership marks an important milestone in the history of our company, our two organizations and the opportunity for us to jointly build the Latin American energy transition leader. “
Pär Lindström, CFO of Enphys and CIO of i (x) Investments, said:
“LAIG’s unique access to business, track record and ability to operate in these specific markets, and long-term goal of building the leading renewable energy platform in Latin America make this partnership extremely attractive to us.”
You can find today’s announcement from Enphys 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
i (x) Investments was founded in 2015 and is a permanently capitalized holding company for investors who want to create long-term company value in combination with a positive, measurable social impact. i (x) sees the greatest market opportunities in the world’s greatest problems and invests in areas of human need. The current investments of i (x) concentrate on the energy transition and sustainability in the built environment. The company takes a multi-strategy investment approach.
About LAIG Investments
Founded in 2008, LAIG invests in energy transition companies across Latin America, with growing exposure in North America, Europe and Israel, and has a proven track record of building sustainable, fast-growing businesses. LAIG currently controls and operates plants in the areas of renewable energy generation, intelligent mobility and energy efficiency.
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