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New Deal


Announced

Greencoat to acquire a 25% stake in London Array offshore wind farm from Orsted for £717m.

Financials

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Transaction Value£717m
Consideration TypeCash
Capital Owned-
Capital Bid For25%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

wind farm

wind energy

offshore wind energy

Alternative Electricity

Acquisition

Minority

Private

Infrastructure

Private Equity

Domestic

Pending

Friendly

Single Bidder

Synopsis

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Greencoat, a listed renewable infrastructure fund, agreed to acquire a 25% stake in London Array offshore wind farm from Orsted, a Danish multinational energy company, for £717m. "We are delighted to invest in London Array. The transaction was originated and negotiated on a bilateral basis and reflects the Company's ability to continue to generate significant shareholder value through selective off-market investments," Lucinda Riches, UKW Chairman.

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