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Announced

EFG Hermes-backed Vortex Energy to invest $724m in Ignis Energy.

Financials

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Transaction Value£535m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

Friendly

Spain

renewable energy assets

Cross Border

renewable energy

Acquisition

Private Equity

Alternative Fuels

Minority

Private

Single Bidder

Synopsis

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Private equity firm EFG Hermes-backed Vortex Energy, agreed to invest $724m in Ignis Energy, a renewable energy company. “In Vortex Energy, we have identified a great partner that is aligned with our vision and committed to maximizing Ignis’ potential. The Ignis management team looks forward to working with Vortex Energy in this next stage of growth and transformation," Antonio Sieira, Ignis Energy Founder and CEO.

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