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New Deal


Announced

Glennmont and TRIG to acquire a 50% stake in Gode Wind 1 from Global Infrastructure Partners.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Germany

Majority

Acquisition

Friendly

Pending

Single Bidder

offshore wind farm

Private

Alternative Electricity

Private Equity

Synopsis

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Glennmont Partners, a fund manager focusing on investments in clean energy infrastructure, and The Renewables Infrastructure Group, a British investment trust, agreed to acquire a 50% stake in Gode Wind 1, a wind farm, from Global Infrastructure Partners, an infrastructure investment fund. Financial terms were not disclosed. Glennmont Partners and TRIG will hold 25% each. “We are delighted to announce this important transaction as Glennmont’s first investment in the German offshore wind market and to be partnering with Ørsted. Gode Wind 1 represents a high-quality offshore wind asset supported by a demonstrable track record of cash flow generation to deliver value for our investors,” Joost Bergsma, Glennmont Partners CEO and Managing Partner.

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