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 M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Netherlands M&A 1 of 1
Year: 2022 M&A 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 M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Netherlands M&A 1 of 1
Year: 2022 M&A 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 26.0B 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, United Kingdom.


DEAL STATS #
Overall 83 of 92
Sector: Renewable Energy M&A 8 of 10
Type: Add-on Acquisition M&A Deals 42 of 46
Country: Netherlands M&A 1 of 1
Year: 2022 M&A 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-06 Serena Energia

Sao Paulo, Brazil

Serena Energia generates and sells renewable energy. It generates through electricity through wind, water, and solar sources. Serena Energia was formed in 2008 and is headquartered in Sao Paulo, Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-20 Rezolv Energy

Prague, Czech Republic

Rezolv Energy is an independent clean energy power producer, established to build a new era of sustainable power in Central and South Eastern Europe. Rezolv Energy was founded in 2022 and is based in Prague, Czech Republic.

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 M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Netherlands M&A 1 of 1
Year: 2022 M&A 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 -