Announced
Completed
Financials
Tags
Cross Border
Friendly
Acquisition
United Kingdom
african areas
generating power
renewable energy
Alternative Electricity
South Africa
Majority
Private
Private Equity
Completed
Synopsis
Infinity Group, an energy investor, and Africa Finance Corporation, an investment grade multilateral finance institution, completed the acquisition of Lekela Poer, a renewable energy generation equipment company, from green energy companies Actis and Mainstream. Financial terms were not disclosed. "It’s a testament to the work we have done in partnership with Lekela’s management team that Lekela was rated one of the highest performing companies globally by Sustainalytics, under its ESG Risk Rating assessment process in November 2021. In particular, Sustainalytics noted Lekela’s strong management of land use and biodiversity issues, business ethics, occupational health and safety and community relations," Shami Nissan, Actis Partner and Head of Sustainability.
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