Cinven completed the acquisition of a majority stake in Amara NZero from ProA Capital for $875m.

Cinven, a private equity firm, completed the acquisition of a majority stake in Amara NZero, an energy transition company, from ProA Capital, a private equity firm, for $875m. “Amara NZero has achieved significant growth with the backing and support of ProA Capital and we are excited to begin the next stage of our journey, together with Cinven. We have a strong commitment to energy transition and share that vision and focus on ESG with Cinven. In addition, Cinven’s proven track record in Business Services and successful investments in the Iberia region are a testament to the support they can offer for our next phase of growth," Gonzalo Errejón, Amara NZero CEO.