2024-04-16
http://w3.windfair.net/wind-energy/pr/20611-ireland-greystone-infrastructure-fund-acquires-majority-stake-in-irish-wind-farm

News Release from windfair.net

List_windfair_logo_pos

Wind Industry Profile of


Ireland: Greystone Infrastructure Fund Acquires Majority Stake in Irish Wind Farm

The Greystone Infrastructure Fund is pleased to announce its acquisition of a 51% equity interest in the 24.2 MW Ballycadden Wind Farm Ltd. located in southeastern Ireland from a private equity fund managed by UK-based Impax Asset Management Group PLC.

Under the terms of the agreement, Greystone will have a majority ownership interest representing a 51% stake in the operating asset. The remaining 49% ownership will continue to be held by the existing Irish minority shareholders consisting of local land owners. Operational since 2013, the asset has demonstrated strong performance and is highly beneficial to the diversification of the Greystone portfolio.

“This acquisition represents Greystone’s inaugural investment in the European market and provides our institutional investors with a unique opportunity to gain long-term exposure to the European renewable energy sector,” said Jeff Mouland, Head of the Greystone Infrastructure Fund. “Furthermore, the transaction enhances Greystone’s European presence and accelerates the firm in our pursuit of other ‎high quality assets in Ireland and across Europe on behalf of our investors.”

The asset will be managed by Greystone’s infrastructure team, led by Jeff Mouland in Toronto, Ontario. The transaction achieved all customary closing conditions, including receiving all regulatory approvals, and reached financial close on January 12, 2016. KPMG completed the financial due diligence and served as tax and valuation advisors. A&L Goodbody served as legal advisor to Greystone.

Source:
Greystone
Link:
www.greystone.ca/...



Alle Meldungen Von windfair.net

List_windfair_logo_pos

news in archive





Keyword Search

© smart dolphin Gmbh 1999 - 2024 | Legal Notice | Windfair Editors | Privacy Policy | The Windfair Pocket Wind 2020