Deals:
Actis-backed Rezolv Energy, through its project subsidiary First Look Solutions, has signed incremental project finance facilities of up to €331 million ($388 million) to support construction of the 269-megawatt second phase of its VIFOR wind farm in Buzău County, Romania. Phase 2 will take the project to its full 461-megawatt capacity.
Allianz Capital Partners, part of Allianz Global Investors, has acquired a minority stake in data center platform Yondr Group, a global developer, owner and operator of hyperscale data centers, on behalf of the Allianz insurance companies and the Allianz European Infrastructure Fund II.
Ardian, have acquired Akuo, a pure-play renewable-energy company headquartered in Paris, for an undisclosed amount. Akuo specializes in the implementation of electricity production units from renewable sources. The company has 1.9 gigawatts of electric capacity in operation and under construction, as well as 130-megawatt-hours of storage capacity in operation and under construction.
BlackRock has acquired a state-of-the-art sustainable terminal for future logistics in Sweden. It was purchased in a forward-funding agreement via its flagship European value-added series, expanding its portfolio of modern logistics assets in core European markets that have an undersupply of new-build warehouses and fulfillment hubs. Once operational, the logistics center will be approximately 35,000 square meters (377,000 square feet) in size and will be able to handle 25,000 parcels per hour, giving it the highest capacity in Sweden.
BNP Paribas Cardif finalized the acquisition of AXA Investment Managers (AXA IM) and signed a long-term partnership with the AXA Group to manage a large part of its assets.
Copenhagen Infrastructure Partners (CIP) and Vestforbrænding, Denmark’s largest waste management and energy company, have entered into a long-term offtake agreement with Microsoft for permanent carbon removals.
Encevo, a sustainable energy player in Luxembourg and the greater region, has announced a €200 million ($235 million) issuance of senior unsecured notes to invest in sustainable energy solutions and infrastructure. €120 million of this has been provided by Phoenix group to support the financing of this critical infrastructure.
Equitix and Baltic Cable AB have signed an agreement with Partners Group to acquire Greenlink, a 504-megawatt electricity interconnector between Great Britain and Ireland, for $1.2 billion
Equitix has expanded its Nordic fiber-optic platform, Local Connect, through a series of strategic acquisitions in Sweden.
IFM Investors buy 75% of Air Rail, the largest airport ground support equipment owner in Spain and Portugal.
InfraRed Capital Partners has taken ownership of GulenSkyss, a Norwegian ferry and ambulance vessel owner and operator. InfraRed acquired 100 percent of the business from its founder for a value-added fund managed by the firm.
KGAL has sold the 130-megawatt Swedish Bäckhammar wind farm from its KGAL ESPF 4 fund after six years of ownership. The buyer is Aneo, a Norwegian developer and operator of renewable-energy plants. Financial terms were not disclosed.
KGAL Investment Management has acquired a solar park in southern Spain’s Andalusia on behalf of the Software AG Foundation (SAGST), one of the largest nonprofit foundations in Germany.
Opdenergy, an independent renewable-energy producer backed by Antin Infrastructure Partners, has acquired a 440-megawatt portfolio of operational wind assets in Spain from Acciona Energía for €500
Opdenergy, an independent renewable-energy producer, has closed a new corporate debt facility of €350 million senior bonds ($412 million) with a group of bond holders led by EIG, an institutional investor in the global energy and infrastructure sectors, and Infranity, one of the largest infrastructure investment specialists.
Railpen, one of the largest pension managers in the United Kingdom responsible for managing £34 billion ($46 billion) of assets on behalf of more than 350,000 members, has acquired Horizon Ceremonies, a U.K.-based operator and developer of crematoria, from Maven Capital Partners.
Tepsa, an independent operator of bulk liquid storage terminals owned by I Squared Capital, has acquired GES Netherlands B.V., the shareholder of GES Rotterdam B.V., from Global Energy Storage Holdings. Financial terms were not disclosed.
TotalEnergies has sold 50 percent of its 604-megawatt wind, solar and hydro portfolio in Portugal to a consortium composed of MM Capital Partners 2 Co., Daiwa Energy & Infrastructure Co. and Mizuho Leasing Co. for a consideration of €178.5 million ($210 million). This implies an enterprise value of €550 million ($648 million), according to the company. After this transaction, TotalEnergies will retain a 50 percent stake in the portfolio and will continue to operate the assets.
Fundraising:
Grain, a full-fiber broadband provider backed by Equitix, has secured a £212 million ($287 million) debt facility with funds and/or accounts managed, advised or controlled by HPS Investment Partners or its subsidiaries.
Movers & Promotions:
Jasper van den Driest to become CEO of CVC DIF-backed Greener Power Solutions, a European company specializing in the rental of large-scale mobile batteries for temporary power solutions, effective September 1st.
Susan Davy, CEO of British water utility Pennon Group, is set to retire after five years at the helm of the company. Susan Davy has spent more than 18 years at Pennon, and appointed CEO in 2020 after serving on the board as CFO since 2015.
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