EIG Brazil Chief Corrigan to Retire After $1 Billion of DealsRodrigo Orihuela
Kevin Corrigan, who ran EIG Global Energy Partners LLC’s Brazil office as the fund invested $1 billion in the country since 2012, will retire next month.
Corrigan was head of the $15.9 billion Washington-based investment firm’s Latin American operations and opened the company’s Rio de Janeiro office, the only one in the region, in July 2011, six months after EIG spun off from TCW Group Inc.
“The agreement when I came here was for two years,” Corrigan said by telephone from Rio. “I’m going to try retirement now.” He will be replaced by Jose Magela Bernardes, who joined EIG this month from BG Group Plc’s Brazilian unit.
Corrigan stewarded deals such as EIG’s acquisition of a stake in gas pipeline Transportadora Brasileira Gasoduto Bolivia-Brasil SA. He also led the purchase of a controlling stake in Prumo Logistica SA, then called LLX Logistica, from former billionaire Eike Batista in August 2013.
A graduate of the University of Miami, Corrigan worked at the Inter-American Development Bank before joining EIG in 2005. His father was a U.S. consul in Brazil in the 1960s and 70s.