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M&A Deal Summary

Platina Partners Acquires Orites Wind Farm

On January 1, 2006, private equity firm Platina Partners acquired renewable energy company Orites Wind Farm

Acquisition Highlights
  • This is Platina Partners’ 5th transaction in the Renewable Energy sector.
  • This is Platina Partners’ 1st transaction in Cyprus.
Investment Fate
  • Orites Wind Farm was sold to a consortium of financial buyers in 2020.

M&A Deal Summary
Date 2006-01-01
Target Orites Wind Farm
Sector Renewable Energy
Buyer(s) Platina Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Orites Wind Farm

Kouklia, Cyprus
Orites Wind Farm is a 82MW wind farm currently in construction which is the first private investment in the energy sector and the first renewable project on the island. Debt finance has been provided by the European Investment Bank, Commerzbank, ING and NordLB. The start of operations are scheduled for the end of 2010. Once operational the project will represent 8% of the generation capacity on the island will enable the Republic of Cyprus to take a major step in meeting its 2010 renewable energy objectives. Orites Wind Farm is based in Kouklia, Cyprus.

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Buyer(S) 1

Buyer

Platina Partners

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2002
PE ASSETS 500M EUR
Size Middle-Market
Type Sector Focused
DESCRIPTION

Platina Partners LLP is a private investment firm focused on traditional buyouts as well as investments in renewable energy projects. Platina's buyout group targets UK and France-based business-to-business service companies as well as industrial businesses. Platina will commit between €10 and €30 million of equity for controlling stakes in companies with an enterprise value of up to €50 million. Platina's renewable energy group focuses on opportunities across Europe at all stages of development. The renewable energy group typically commits between €5 and €3 million at the development stage and up to €50 million of equity in the construction and operational stages of projects based on proven technologies dealing with wind, solar, and biomass. Platina Partners was formed in 2002 and is based in London with additional offices in Paris, Milan and Luxembourg.

DEAL STATS #
Overall 8 of 29
Sector: Renewable Energy M&A 5 of 18
Type: Buyout (LBO, MBO, MBI) M&A Deals 8 of 24
Country: Cyprus M&A 1 of 1
Year: 2006 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 Infinergy

Wimborne, United Kingdom

Infinergy is a renewable energy company, developing onshore wind farms throughout the United Kingdom. The company has in-house expertise and experience needed to design, develop and build wind farms. The company's focus is the UK where it considers wind resource to be one of the most promising forms of sustainable energy. Infinergy was founded in 2003 and is based in Wimborne, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 EKIUM Group SAS

Bron Cedex, France

Ekium Group SAS is an industrial engineering group. The group provides services spanning from design studies to turnkey solutions worldwide. Ekium benefits from the expertise of 400 engineers and technicians in power, instrumentation, automation, robotics, refrigeration chain, general installation and piping.

Buy -
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