M&A Deal Summary

Global Infrastructure Partners Acquires Atlas Renewable Energy

On October 11, 2022, infrastructure investor Global Infrastructure Partners acquired renewable energy company Atlas Renewable Energy from Actis Capital

Acquisition Highlights
  • This is Global Infrastructure Partners’ 5th transaction in the Renewable Energy sector.
  • This is Global Infrastructure Partners’ 4th transaction in the United States.
  • This is Global Infrastructure Partners’ 1st transaction in Florida.

M&A Deal Summary

Date 2022-10-11
Target Atlas Renewable Energy
Sector Renewable Energy
Buyer(s) Global Infrastructure Partners
Sellers(s) Actis Capital
Deal Type Secondary Buyout

Target

Atlas Renewable Energy

Miami, Florida, United States
Atlas Renewable Energy is an operating renewable energy company that develops, builds and operates solar and wind projects with robust returns across Latin America. Atlas Renewable Energy was founded in 2017 and is based in Miami, Florida.

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Buyer(S) 1

Buyer

Global Infrastructure Partners

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2007
PE ASSETS 115.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Global Infrastructure Partners (GIP) is a global investment firm that invests in infrastructure assets worldwide. GIP looks to work in partnership with the public sector and other stakeholders to improve infrastructure for the community by drawing on its global capability and applying industrial best practices to enhance operating efficiencies. The Firm focuses on larger scale investments in assets that provide essential services, have high barriers to entry and offer significant governance positions. GIP primarily targets opportunities in OECD countries, while maintaining a global perspective and the flexibility to pursue assets with the potential for attractive risk-adjusted returns in selected non-OECD countries. Global Infrastructure Partners was established in 2007 and is headquartered in New York, New York.


DEAL STATS #
Overall 17 of 18
Sector (Renewable Energy) 5 of 5
Type (Secondary Buyout) 4 of 4
State (Florida) 1 of 1
Country (United States) 4 of 5
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-11 Arcadis - Hong Kong Design and Engineering Business

Hong Kong, China

Arcadis's Hong Kong Design and Engineering (HK D&E) Business provides project/construction/cost management and design & consulting services based in Hong Kong.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-06 Allete

Duluth, Minnesota, United States

Allete is an energy company operating Minnesota Power, an electric utility that serves 150,000 residents, 14 municipalities, and industrial customers. In addition to Minnesota Power, the company owns Superior Water, Light and Power, based in Superior, Wisconsin, Allete Clean Energy, based in Duluth; BNI Energy in Bismarck, N.D.; and New Energy Equity. ALLETE was founded in 1906 and is based in Duluth, Minnesota.

Buy $6.2B

Seller(S) 1

SELLER

Actis Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 24.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Actis Capital is a private equity firm focused on investments in emerging markets. Actis segments its investment activity into three areas. These include private equity, energy, and real estate. Actis' private equity team looks for buyout and growth capital opportunities requiring at least $50 million in financing. Depending on the situation, Actis will consider both controlling and minority investment situations. Sectors of interest include financial services, consumer and retail, business services, and industrial. Actis' energy group seeks to invest in in a variety of energy and utility projects. Actis' real estate team invests equity capital in office, residential, industrial, hotel and retail projects. Actis Capital was established in 2004 and is based in London.


DEAL STATS #
Overall 80 of 81
Sector (Renewable Energy) 8 of 9
Type (Secondary Buyout) 16 of 16
State (Florida) 1 of 1
Country (United States) 4 of 4
Year (2022) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-11 Levanta Renewables

Singapore , Singapore

Levanta Renewables is a provider of southeast Asia-focused renewables platform. Levanta Renewables is based in Singapore.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-21 BTE Renewables

Fourways, South Africa

BTE Renewables is a clean and renewable energy company develops, acquires, owns and operates waste to energy, renewable energy, and energy efficiency projects in the sub-utility range of approximately 5-100MW. These include Golden Valley, a 123MW wind project in the Eastern Cape; Excelsior, a 33MW wind project in the Western Cape; Aggeneys, a 46MW solar project in the Northern Cape; Konkoonsies II an 86MW solar project in the Northern Cape and a 4MW biogas facility. BTE Renewables was founded in 2003 and is based in Fourways, South Africa.

Sell $1.0B