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New Deal


Announced

Completed

STOA completed the acquisition of a 30% stake in Poseidon Energia Renovable from Sellagic Investments.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For30%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Renewable Energy Equipment

Acquisition

Minority

Friendly

Cross Border

Private

wind farm

Dominican Republic

Completed

Single Bidder

Synopsis

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STOA, an investment vehicle, completed the acquisition of a 30% stake in Poseidon Energia Renovable, the owner, developer and operator of the “Los Guzmancito” wind farm power plant located in the municipality of Luperon in the Dominican Republic, from Sellagic Investments, an investment vehicle. Financial terms were not disclosed. “We are pleased to partner with GE23 who has been an active participant in the Dominican energy market for over 30 years. Since our induction, the team in charge has built up solid attributes to make this Project a reference in the local energy sector. We look forward to engaging and constructing a meaningful partnership with them to support the Country’s efforts towards sustainable quality infrastructure,” Marie-Laure Mazaud, STOA CEO.

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