M&A Deal Summary

Macquarie Infrastructure and Real Assets Acquires Ocean Breeze Energy & Co. KG

On August 7, 2019, infrastructure investor Macquarie Infrastructure and Real Assets acquired renewable energy company Ocean Breeze Energy & Co. KG from UniCredit

Acquisition Highlights
  • This is Macquarie Infrastructure and Real Assets’ 1st transaction in the Renewable Energy sector.
  • This is Macquarie Infrastructure and Real Assets’ 2nd transaction in Germany.

M&A Deal Summary

Date 2019-08-07
Target Ocean Breeze Energy & Co. KG
Sector Renewable Energy
Buyer(s) Macquarie Infrastructure and Real Assets
Sellers(s) UniCredit
Deal Type Divestiture

Target

Ocean Breeze Energy & Co. KG

Bremen, Germany
Ocean Breeze Energy GmbH & Co. KG is the owner and operator of the wind farm, BARD Offshore 1 (BO1), about 100 km off the German North Sea coast. BO1, Germany's first commercial and currently the most powerful offshore wind farm, has been fully connected to the electricity grid since September 2013. With a capacity of 80 wind turbines of the 5-megawatt class, a rated output of 400 megawatts will be achieved - equivalent to the electricity requirement of more than 400,000 households.

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Buyer(S) 1

DESCRIPTION

Macquarie Infrastructure and Real Assets (MIRA) is a global investor in infrastructure, real estate, agriculture, and energy assets. MIRA's infrastructure practice looks to acquire businesses such as transportation, water and energy utilities, and waste management. MIRA's real estate practice looks to acquire and develop retail, commercial, residential and industrial properties. MIRA's agriculture team looks to operate and develop agriculture businesses and farmland. MIRA's energy team seeks opportunities in upstream energy and upstream energy-related assets and businesses in the US and Canada. Macquarie Infrastructure and Real Assets is headquartered in London with additional offices throughout the world.


DEAL STATS #
Overall 14 of 21
Sector: Renewable Energy M&A 1 of 3
Type: Divestiture M&A Deals 4 of 4
Country: Germany M&A 2 of 2
Year: 2019 M&A 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-06 Currenta & Co. OHG

Leverkusen, Germany

Currenta GmbH & Co. OHG manages and operates infrastructure, energy supply, and other essential services across the chemical parks in Leverkusen, Dormagen, and Krefeld-Uerdingen, More than 70 production companies, and service providers currently enjoy the benefits of being located in Germany’s largest chemical park.

Buy €3.5B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-19 KCOM Group

Hull, United Kingdom

KCOM Group PLC is one of the UK’s longest-established telecommunications companies. In the Hull and East Yorkshire region, the business is a provider of fixed-line telecommunications infrastructure – providing voice and broadband connectivity services to approximately 140,000 households and businesses via its fiber-to-the-premises network. KCOM also offers IT and communications services to large enterprise and public sector organizations around the UK.

Buy -

Seller(S) 1

SELLER

UniCredit

Milan, Italy

Category Company
Founded 1870
Sector Financial Services
Employees70,752
Revenue 26.6B EUR (2024)
DESCRIPTION

UniCredit is a provider of commercial banking services. The Bank offers consumer credit, mortgages, life insurance, business loan, investment banking, asset management, and other services. UniCredit was founded in 1870 and is based in Milan, Italy.


DEAL STATS #
Overall 3 of 3
Sector: Renewable Energy M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
Country: Germany M&A 2 of 2
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-02 we.trade Innovation DAC

Dublin, Ireland

we.trade Innovation DAC is a digital trade platform based on the Linux Foundation's Hyperledger Fabric and runs on the IBM Blockchain Platform. We .trade digital platform delivers global trade transactions across trade finance, insurance, and logistics. we.trade Innovation was founded in 2017 and is based in Dublin, Ireland.

Buy -