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New Deal


Announced

Sandbrook, PSP Investments and IMCO to acquire NeXtWind from Crestline for $750m.

Financials

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Transaction Value£588m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Renewable Energy Equipment

Acquisition

Majority

Private Equity

Pending

Germany

onshore wind farms

Cross Border

Private

Friendly

Synopsis

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Sandbrook, a private investment firm, PSP Investments, a pension investor, and IMCO, a public pension, agreed to acquire NeXtWind, a renewable energy company specializing in acquiring and repowering onshore wind farms, from Crestline, an investment management firm, for $750m. “We are thrilled to partner with the NeXtWind management team as well as PSP Investments and IMCO to grow this platform in Germany. We have been looking to enter this space for several years and are confident we have the right team and capital base to become a leading player in the German renewables market,” Ken Ryan, Sandbrook Co-Founder and Partner.

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