CPP Investments to Divest Stake in Peruvian Energy Firm TgP to EIG
Deal News | Aug 11, 2025 | EIG Global Energy Partners
The Canada Pension Plan Investment Board (CPP Investments) has reached a definitive agreement to sell its 49.87% equity stake in Transportadora de Gas del Peru S.A. (TgP) to entities managed by EIG Global Energy Partners. TgP, a major operator of Peru's natural gas and natural gas liquids pipelines, has been a lucrative investment for CPP Investments since its initial investment in 2013. Over the years, CPP Investments increased its holdings in TgP, investing a total of US$1.4 billion. The agreement, subject to regulatory approvals, signifies EIG's intent to leverage its infrastructure expertise and maintain operational excellence in TgP. Both CPP Investments and EIG emphasize the strategic significance of the Latin American energy market, with CPP Investments hinting at continued interest in the region's investment opportunities. CPP Investments is a global investment management firm, managing a diverse portfolio worth C$714.4 billion as of 2025. Likewise, EIG, a global institutional investor with $23.8 billion under management, specializes in energy and infrastructure investments and maintains a global presence.
Sectors
- Energy
- Infrastructure
- Private Equity
Geography
- Peru – The transaction involves Transportadora de Gas del Peru S.A., which operates crucial pipeline infrastructure in Peru.
- Canada – CPP Investments, a Canada-based investment management firm, is the selling entity in the transaction.
- United States – EIG Global Energy Partners, the acquiring entity, is headquartered in Washington, D.C., highlighting its U.S. origins.
Industry
- Energy – The transaction involves TgP, a key player in Peru's natural gas pipeline infrastructure, and highlights strategic movements in the energy sector.
- Infrastructure – Both CPP Investments and EIG specialize in infrastructure investments, emphasizing the significance of infrastructure in energy distribution.
- Private Equity – EIG Global Energy Partners is a private equity firm specializing in energy investments internationally, acquiring a stake in TgP from CPP Investments.
Financials
- US$1.4 billion – The total investment made by CPP Investments in TgP over the years since 2013, reflecting significant capital deployment.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Canada Pension Plan Investment Board (CPP Investments) | Vendor | Company | A professional investment management organization managing the Canada Pension Plan's assets, holding a diversified global portfolio. |
| EIG Global Energy Partners | Buyer | Company | An institutional investor focused on energy and infrastructure investments globally, with significant assets under management. |
| Transportadora de Gas del Peru S.A. (TgP) | Target | Company | A Peruvian company operating natural gas and natural gas liquids pipelines that are critical to the country's energy supply. |