Energy

Andros Capital Partners has closed its second energy fund – Andros Energy Capital II – at its $750 million hard cap.

Priority Power Management, an energy optimization and infrastructure business backed by Oaktree Capital Management and Ara Partners, refinanced its existing debt and increased its credit facility from $85 million to $250 million.

Enbridge, the Canadian energy giant, has bolstered its position in North American renewables with the acquisition of Tri Global Energy (TGE) for $270 million in cash and assumed debt.

The European Investment Bank (EIB) and the Inter-American Development Bank (IDB) have signed a mutual reliance agreement, allowing the multilaterals to improve cooperation on climate-resilient infrastructure and energy projects in Latin America.

Colombian business regulator Superintendencia de Sociedades de Colombia has approved the planned merger of Enel’s Colombian subsidiaries.

Vibra Energia – the Brazilian fuels distributor previously known as BR Distribuidora – plans to exercise a purchase option to acquire a controlling stake in power trader Comerc.

New York Stock Exchange-listed Kayne Anderson Energy Infrastructure Fund has obtained a $200 million unsecured revolving credit facility.

JP Morgan’s Infrastructure Investments Fund (IIF) has inked a deal to acquire South Jersey Industries (SJI) in a deal valued at $8.1 billion.

Brazilian law firm Fialho Salles has promoted project finance lawyer Ricardo Rondino to partner.

The Latin America-focused Ashmore Andino III Fund has held a first close at COP664.15 million ($168 million).