An investment consortium comprising The National Insurance Board of Trinidad and Tobago (“NIBTT”), National Enterprises Limited (“NEL”), and The Trinidad and Tobago Unit Trust Corporation (“UTC”) acquired 100% of the equity of Pan West Engineers & Constructors, LLC (“Pan West”) for a total consideration of US$168 million. Pan West is a wholly-owned subsidiary of General Electric Capital Corporation (“GE”) and the holder of a 10% equity interest in Phoenix Park Gas Processors Limited (“Phoenix Park”).

Pan American Finance acted as financial advisor to the investment consortium for the transaction.