M&A Deal Summary

Ardian Acquires Andberg Vind

On February 28, 2019, private equity firm Ardian acquired renewable energy company Andberg Vind from OX2

Acquisition Highlights
  • This is Ardian’s 10th transaction in the Renewable Energy sector.
  • This is Ardian’s 5th transaction in Sweden.

M&A Deal Summary

Date 2019-02-28
Target Andberg Vind
Sector Renewable Energy
Buyer(s) Ardian
Sellers(s) OX2
Deal Type Divestiture

Target

Andberg Vind

Stockholm, Sweden
Åndberg Vind is a project for a wind farm. Once operational, in 2021, it is expected to produce in excess of 800GWh per year. The 53-turbine wind farm will be one of the largest in Sweden, which is a world leader in the innovation and development of sustainable energy. Andberg Vind is based in Stockholm, Sweden.

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Buyer(S) 1

Buyer

Ardian

Paris, France

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 127.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ardian is a mega-sized diversified investment group focused on opportunities worldwide. Ardian invests across and manages funds focused on small and mid-sized buyouts, growth capital financings, mezzanine, infrastructure, real estate, and co-investment opportunities. Ardian's small-buyouts group targets controlling interests in French, German, and Italian businesses valued up to €100 million. It's mid-sized buyout group seeks businesses valued up €1.5 billion and does not have any geographic limitations. The Infrastructure team looks for European opportunities and can commit up to €1 billion per transaction. The Mezzanine group supports junior capital commitments of €5 to €80 million. In addition to direct investing, Ardian also manages various private equity fund-of-funds. Ardian was founded in 1996 and is based in Paris.


DEAL STATS #
Overall 344 of 464
Sector: Renewable Energy M&A 10 of 17
Type: Divestiture M&A Deals 28 of 34
Country: Sweden M&A 5 of 7
Year: 2019 M&A 9 of 32
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-28 Wari Pay

La Garenne-Colombes, France

Wari Pay is a provider of e-money services offering prepaid cards: SURF, TICKET PREMIUM, and prepaid MASTERCARD ULTRA. After a strong development in the e-gaming market, Wari Pay will achieve deeper penetration in international e-commerce. Wari Pay was founded in 2003 and is based in La Garenne-Colombes, France.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-01 WS Audiology

Lynge, Denmark

WS Audiology offers a diverse portfolio of technologically advanced hearing aid products and services across its brands Signia, Widex, Rexton, Audio Service, and others. WS Audiology was founded in 2019 and is based in Lynge, Denmark.

Buy -

Seller(S) 1

SELLER

OX2

Stockholm, Sweden

Category Company
Founded 2004
Sector Renewable Energy
Revenue 463M EUR (2019)
DESCRIPTION

OX2 develops, builds, finances and manages renewable energy plants in the Nordic countries. Company strive towards a 100 % sustainable and renewable energy sector. Company has generated approximately 1,200 MW of wind power. OX2 was founded in 2004 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 2 of 2
Sector: Renewable Energy M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
Country: Sweden M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-12 OX2 Group - 21 MW Wind Power

Finland

OX2 Group's 21 MW Wind Power is at Jouttikallio, around 80 km from Vaasa, has a capacity of 21 megawatts and will satisfy the electricity demands of around 12,600 households. OX2 Group's 21 MW Wind Power is based in Finland.

Sell -