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New Deal


Announced

Greencoat Capital to acquire a 55% stake in US wind portfolio of EDP Renewables for $396m.

Financials

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Transaction Value£288m
Consideration TypeCash
Capital Owned-
Capital Bid For55%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Cross Border

United States

Acquisition

Private

Friendly

Renewable Energy Equipment

wind farm

Majority

Pending

Single Bidder

Synopsis

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Greencoat Capital, a private equity firm, agreed to acquire a 55% stake in the US wind portfolio of EDP Renewables, a renewable energy harvester, for $396m. This transaction is within the context of the $9.5bn asset rotation program announced in EDPR Capital Markets Day, allowing EDPR to accelerate value creation while recycling capital to reinvest in accretive growth.

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