Announced
Financials
Sources
Tags
Renewable Energy Equipment
Acquisition
Majority
Private Equity
Pending
Germany
onshore wind farms
Cross Border
Private
Friendly
Synopsis
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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