M&A Deal Summary

Infinity and Africa Finance Acquire Lekela

On July 18, 2022, Infinity and Africa Finance acquired renewable energy company Lekela from Actis Capital and Mainstream Renewable Power

Acquisition Highlights
  • This is Infinity’s 1st and Africa Finance’s 1st transaction in the Renewable Energy sector.
  • This is Infinity’s 1st and Africa Finance’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2022-07-18
Target Lekela
Sector Renewable Energy
Buyer(s) Infinity
Africa Finance
Sellers(s) Actis Capital
Mainstream Renewable Power
Deal Type Add-on Acquisition

Target

Lekela

Amsterdam, Netherlands
Lekela is a renewable power generation company which delivers utility-scale projects across Africa. Lekela is based in Amsterdam, Netherlands.

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Buyer(S) 2

Buyer

Infinity

Cairo, Egypt

Category Company
Founded 2012
Sector Renewable Energy
DESCRIPTION

Infinity is a renewable energy solutions provider that develops clean energy solutions across several sectors and scales. Infinity harnesses different resources for power generation – solar, wind and waste-to-energy while also providing power distribution services and electric vehicle (EV) charging solutions across three categories and scales: cities and infrastructure, commercial and industrial, and homes. Infinity was founded in 2012 and is based in Cairo, Egypt.


DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Netherlands) 1 of 1
Year (2022) 1 of 1
Buyer

Africa Finance

Ikoyi Lagos, Nigeria

Category Company
Founded 2007
Sector Financial Services
DESCRIPTION

Africa Finance is a catalyst for private sector-led infrastructure investment across Africa. AFC’s approach combines specialist industry expertise with a focus on financial and technical advisory, project structuring, project development and risk capital to address Africa’s infrastructure development needs and drive sustainable economic growth. Africa Finance was founded in 2007 and is based in Ikoyi Lagos State, Nigeria.


DEAL STATS #
Overall 1 of 1
Sector (Renewable Energy) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Netherlands) 1 of 1
Year (2022) 1 of 1

Seller(S) 2

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 83
Sector (Renewable Energy) 7 of 9
Type (Add-on Acquisition) 40 of 41
Country (Netherlands) 1 of 1
Year (2022) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-06 Omega Energia

São Paulo, Brazil

Omega Energia is a generator of renewable energy in Brazil and wants to transform the world through clean, cheap, and simple energy. The company has focused on technology for constant improvement in the performance of our energy generation, which today makes us a reference in the market and in international quality parameters. It launched the first digital platform in Brazil for the purchase and management of energy, thus promoting market disruption, making a previously complex process simple and fast. Omega Energia was formed in 2008 and is headquartered in São Paulo.

Buy -
FOLLOWING 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 -
SELLER

Mainstream Renewable Power

Dublin, Ireland

Category Company
Founded 2008
Sector Renewable Energy
DESCRIPTION

Mainstream Renewable Power is a wind development business. Mainstream has partnered with Siemens Power Ventures on the 4GW Hornsea wind farm development offshore UK. Mainstream Renewable Power was founded in 2008 and is based in Dublin, Ireland.


DEAL STATS #
Overall 2 of 2
Sector (Renewable Energy) 2 of 2
Type (Add-on Acquisition) 1 of 1
Country (Netherlands) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-17 Lekela

Amsterdam, Netherlands

Lekela is a renewable power generation company which delivers utility-scale projects across Africa. Lekela is based in Amsterdam, Netherlands.

Buy -