Scudder, Stevens and Clark

REPRESENTATIVE ADVISORY SERVICE

In the early 1990's under the leadership of Lincoln Rathnam, Scudder Stevens and Clark decided to form its Latin American Trust for Independent Power. The goal was to successfully invest in private power projects in Latin America.

Challenge:

No Independent Power project had been developed yet in Latin America. There was a complex regulatory, political and economical environment. There was a clear need for privately financed power projects, particularly in Andeans countries where dependency on hydro electricity led to vulnerability during annual periods of floods and droughts.

CME Solution:

* CME advised Scudder during the creation of the fund. Criteria were created in order to enhance the probability of successful investments.
* CME advised on specific projects opportunities in Argentina, Columbia, Peru, Ecuador and Central America.
* CME was a key participant in the development team with Scudder which led to the first 3 successful investments in Latin America, including Colombia, the first IPP in Latin America. Returns on investments have been well over 30%.

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