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Announced

Completed

Renewable Energy Systems and InfraRed-backed TRIG and Equitix completed the acquisition of a 12.5% stake in Hornsea One offshore wind farm from Global Infrastructure Partners.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For13%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

United Kingdom

wind farm

Alternative Electricity

Completed

Single Bidder

Infrastructure

Friendly

Private

Acquisition

Private Equity

Minority

Synopsis

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TRIG and Equitix, two investment firms, completed the acquisition of a 12.5% stake in Hornsea One offshore wind farm from Global Infrastructure Partners. Financial terms were not disclosed. “Hornsea One is a flagship project globally for the offshore wind sector. As with each of TRIG’s four UK offshore wind investments, Hornsea One’s inflation-indexed subsidy will contribute to the Company’s strategy to balance subsidised and unsubsidised revenues in order to deliver sustainable returns to shareholders,” Richard Crawford, InfraRed Capital Partners.

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