GEF Capital Partners and private shareholders have sold a minority stake of UCB Power to Vision Batt
UCB Power
UCB Power is a leading Brazilian energy storage solutions company and one of the largest platforms in Latin America, with a diversified portfolio of lead-acid and lithium-ion batteries supported by 50+ years of manufacturing expertise. As Brazil’s first producer of lithium iron phosphate batteries, UCB holds a leading position across stationary energy storage, electric mobility and portable battery applications, supported by two manufacturing sites in Brazil and deep customer relationships.
The Deal
Lincoln International advised UCB Power on a minority investment by Vision Batt (Shenzhen Center Power Tech. Co., Ltd), structured as a strategic partnership aimed at accelerating technological development, expanding lithium-ion capabilities and strengthening UCB’s long-term growth platform. UCB’s objective was to deepen a strategic partnership with a leading Chinese battery technology player, leveraging UCB’s established local platform as a gateway for a strategic investor seeking meaningful exposure to the Brazilian market. The partnership enables the Chinese investor to participate in Brazil’s energy storage and battery sector through a trusted local operator. The process involved supporting Chinese strategic investors in developing a clear understanding of the Brazilian market dynamics and partnership objectives across geographies.
Lincoln International leveraged its on-the-ground presence in both Brazil and China, combining deep sector expertise in industrials and energy storage with strong cross-border execution capabilities. The team played a central role in positioning UCB’s value proposition, bridging cultural and informational gaps and coordinating cross-border discussions.
Our Perspective
Luiz Recchia, Managing Director of Lincoln’s São Paulo office, commented, “Brazil’s energy storage market is attracting increasing interest from global strategic investors, including Chinese players, seeking established local platforms. This transaction demonstrates how cross-border partnerships can effectively combine global capabilities with local execution, reinforcing UCB’s position as a growth platform across Brazil and Latin America and highlighting Lincoln’s expertise advising founders and private equity sponsors on strategic and cross-border divestments.”
GEF Capital Partners (BR)
GEF Capital Partners is a premier global private equity firm focused on climate solutions investments. The firm invests across energy transition, sustainable infrastructure and resource efficiency, partnering with market-leading platforms with long-term growth potential. GEF seeks to generate attractive financial returns while delivering positive environmental impact. With offices in Washington, D.C., São Paulo and Mumbai, GEF Capital Partners invests primarily in the United States, Brazil and India, with selective exposure to neighboring markets. Its local presence supports disciplined sourcing, active ownership and value creation, seeking to enable both strong financial performance and measurable environmental outcomes.
Vision Batt (Shenzhen Center Power Tech)
Vision Batt (Shenzhen Center Power Tech. Co., Ltd) is a publicly listed Chinese energy storage technology company headquartered in Shenzhen, specializing in the research & development and manufacturing of lithium ion battery systems and integrated energy storage solutions for industrial, mobility and stationary applications, with a global commercial footprint spanning 100+ countries and regions. Vision Batt employs 4,000+ people worldwide, supported by 500+ global partners, and maintains sales, technical and commercial operations across Asia-Pacific, Europe, the United States and now in Brazil following its strategic investment in UCB Power. The company has generated approximately $465 million in revenue, underscoring its scale and established position in the global energy storage market.
We are excited to embark on UCB’s next phase of growth alongside our new partner, Vision Batt. From the start, we needed an advisor with strong access to the Asian market, and Lincoln proved to be the right choice, offering excellent access to key buyers. We thank Lincoln’s team for their dedication and expertise throughout this milestone transaction.
Meet our Senior Team
My approach with our bankers and clients is to listen, pay attention to detail, anticipate and keep an eye on the big picture.
James Sinclair
Managing Director & Head of Brazil
São Paulo
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Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.