Tikehau to acquire the biomass business of Acek for $90m.

Tikehau Capital, a private equity firm, agreed to acquire the biomass business of Acek Energias Renovables, an operator and supplier of components in the field of renewable energy for $90m. The transaction includes the 17MW biomass plant in Garray (Soria), several long-term operation and maintenance contracts in Spain and Portugal, as well as its industry-leading engineering business in Puerto de Santa Maria. "We are pleased to invest in an integrated platform in the biomass sector in Spain and Portugal. The company enters a new phase supported by Tikehau Capital. Alongside its management team, we aim at creating a leading integrated bioenergy player,” Carmen Alonso, Tikehau Head of Iberia.