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Announced

Greencoat to acquire a 25% stake in Burbo Bank Extension from AIP Management for £400m.

Financials

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Transaction Value£400m
Consideration TypeCash
Capital Owned-
Capital Bid For25%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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offshore wind farm

Private

Private Equity

United Kingdom

Friendly

Cross Border

Infrastructure

Single Bidder

Acquisition

Alternative Electricity

Pending

Minority

Synopsis

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Greencoat, a renewable fund manager, agreed to acquire a 25% stake in Burbo Bank Extension, a 258MW offshore wind farm, from AIP Management, a Danish investment manager, for £400m ($547m). The London-based investor in renewable energy infrastructure sector said the acquisition will be funded using its revolving credit facility, cashflow and the proceeds of a new equity raise.

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