IG4 Capital Infrastructure Investments LP made a tender offer to acquire 12.29% stake in Aenza S.A.A. (BVL:AENZAC1) from a group of shareholders for approximately PEN 200 million on June 15, 2021. IG4 Capital Infrastructure Investments LP will acquire 107.2 million shares including Common Shares represented by American Depositary Shares at PEN 1.88 per share per Common Share and PEN 9.40 per American Depositary Shares. As on July 2, 2021, IG4 Capital Infrastructure Investments LP made a tender offer to acquire 10.65% stake in Aenza S.A.A. from a group of shareholders for approximately 170 million. Under the revised terms, IG4 Capital Infrastructure Investments LP will acquire 92,884,670 Common Shares in Aenza S.A.A. If more than 107.2 million common shares, including common shares represented by American Depositary Shares, are validly tendered in the offer, IG4 Capital Infrastructure Investments LP will purchase a pro rata number of common shares, including Common Shares represented by American Depositary Shares, from all tendering holders, so that the it would purchase no more than 107.2 million common shares, including common shares represented by American Depositary Shares, in the aggregate pursuant to the offers. As of June 16, 2021, the offer has commenced.

In a separate transaction, IG4 Capital Infrastructure Investments LP signed a preliminary agreement to acquire up to 25% stake in Graña y Montero S.A.A. from founding families and former executives. As of August 28, 2020, IG4 Capital entered into a binding agreement with a group of shareholders of Graña y Montero, which will serve as the basis for the launch of a public tender offer for a minimum of 10.78% of shares, including shares to be tendered by the group of shareholders. The transaction is subject to customary closing conditions, including completion of 25% merger with founding families and former executives and minimum tender of 107.2 million shares. A special committee of Board of Aenza S.A.A. was formed to oversee the offer. The Board of Aenza S.A.A. recommends that the holders of common shares and ADSs who want liquidity, and would like to receive cash at this time for a portion of their common shares or ADS, accept the offers and tender their common shares and ADSs to the purchaser. Juan F. Méndez of Simpson Thacher & Bartlett LLP and Hernández & Cía. Abogados S.C.R.L. acted as the legal advisors to Aenza S.A.A. George Karafotias, Derrick Lott, Theodora Volsky and Brian Lee of Shearman & Sterling (London) LLP acted as legal advisor to IG4 Capital Infrastructure Investments LP.

IG4 Capital Infrastructure Investments LP completed acquisition of 12.29% stake in Aenza S.A.A. (BVL:AENZAC1) from a group of shareholders for approximately PEN 200 million on August 5, 2021. IG4 Capital acquired 107.2 million shares at PEN 1.88 per share. In a related transaction, IG4 Capital acquired 12.84% in Aenza from founding families and former executives of Aenza.