M&A Deal Summary

Lotus Infrastructure Partners Acquires Allium Renewable Energy

On June 6, 2024, private equity firm Lotus Infrastructure Partners acquired renewable energy company Allium Renewable Energy from PNE

Acquisition Highlights
  • This is Lotus Infrastructure Partners’ 9th transaction in the Renewable Energy sector.
  • This is Lotus Infrastructure Partners’ 18th transaction in the United States.
  • This is Lotus Infrastructure Partners’ 1st transaction in Illinois.

M&A Deal Summary

Date 2024-06-06
Target Allium Renewable Energy
Sector Renewable Energy
Buyer(s) Lotus Infrastructure Partners
Sellers(s) PNE
Deal Type Divestiture

Target

Allium Renewable Energy

Chicago, Illinois, United States
Allium Renewable Energy is a renewable energy developer and operator focused on utility-scale wind, solar, and battery storage projects. Allium Renewable Energy is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Lotus Infrastructure Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 7.6B USD
Size Mega
Type Sector Focused
DESCRIPTION

Lotus Infrastructure Partners is a private equity firm that targets investments in energy infrastructure assets. Lotus Infrastructure Partners looks to invest in hard assets with strong contracted cash-flow. This includes opportunistic acquisitions as well as development-stage commitments. The Group's target investment size is $50 to $200 million. Lotus Infrastructure Partners was formed in 2005 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 19 of 20
Sector: Renewable Energy M&A 9 of 9
Type: Divestiture M&A Deals 6 of 7
State: Illinois M&A 1 of 1
Country: United States M&A 18 of 19
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-16 NeuVentus

Austin, Texas, United States

NeuVentus is a developer-owner-operator of pipeline transportation and storage projects for the clean hydrogen space and other related industries. NeuVentus was founded in 2023 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-09-10 Caithness Long Island

Long Island, New York, United States

Caithness Long Island operates a 365 MW natural gas-fired power generation asset. The plant produces ~26% of the net generation on Long Island and is a key provider of low-cost and highly reliable power to customers. Caithness Long Island was formed in 2009 and is based in Long Island, New York.

Buy -

Seller(S) 1

SELLER

PNE

Cuxhaven, Germany

Category Company
Founded 1995
Sector Utilities
Employees647
Revenue 210M EUR (2024)
DESCRIPTION

PNE engages in the development, planning, realization, financing, operation, and sales of wind and photovoltaic (PV) farms and transformer stations in Germany and internationally. PNE was founded in 1995 and is based in Cuxhaven, Germany.


DEAL STATS #
Overall 1 of 1
Sector: Renewable Energy M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1