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Announced

Completed

Allianz Capital Partners completed the acquisition of 297 MW photovoltaic energy projects from Grenergy for €271m.

Financials

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Transaction Value£234m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Spain

renewable energy

Single Bidder

Private Equity

Alternative Fuels

Acquisition

Cross Border

Majority

Private

Infrastructure

Completed

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Synopsis

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Allianz Capital Partners, a private equity firm, completed the acquisition of 297 MW photovoltaic energy projects from Grenergy, an independent producer of energy from renewable sources, for €271m. "We are delighted to announce our first major agreement with Allianz Capital Partners, which underscores the trust placed in us by leading companies. We hope that this is the beginning of a future cooperation that can be extended to other markets," David Ruiz de Andrés, Grenergy CEO.

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