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New Deal


Announced

Beyondnetzero and First Reserve led a £150m funding round in Venterra.

Financials

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Transaction Value£150m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Renewable Energy Equipment

wind energy

United Kingdom

Acquisition

Venture Capital

Private Equity

Domestic

Minority

Pending

Friendly

Single Bidder

Private

Synopsis

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Beyondnetzero, a climate solutions fund, and First Reserve, an investment firm, led a £150m funding round in Venterra, the offshore wind energy services business. "General Atlantic’s BeyondNetZero is fully aligned with our vision to help wind power play a leading role in the energy transition. As we build our platform of services for offshore wind development, we are helping meet the industry’s urgent need for a sustainable supply chain with the necessary resources and skills. With the continuing support of all our shareholders, including First Reserve and BeyondNetZero, Venterra is well placed to fund its continuing programme of acquisitions as it scales ahead of a potential IPO," Ayman Asfari, Venterra Executive Chairman.

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