Tikehau
Deal News | Dec 20, 2024 | Iberian Lawyer
The Hogan Lovells private equity team, comprising Graciela Llaneza, Hugo Muoz, and Mara Gutirrez, has successfully advised Tikehau Capital on the strategic sale of its Spanish biomass platform, ENSO, to Igneo Infrastructure Partners. This transaction underscores Tikehau Capital's private equity decarbonization strategy, highlighting its ability to create value by transforming ENSO from a Gestamp Renovables spin-off into a leading industrial decarbonization platform in Spain. ENSO currently operates five biomass plants with a total capacity of 200 megawatts, and it has plans to develop an additional 400 megawatts in the next three years. Under new ownership, ENSO is set to continue providing top-tier services to renowned clients such as Garca Carrin, Solvay, and International Paper. Hogan Lovells' team also supported Tikehau Capital during the acquisition of ENSO in 2019 and throughout its development until the recent exit.
Sectors
- Private Equity
- Renewable Energy
- Infrastructure
Geography
- Spain – ENSO is a Spanish biomass company, and the deal involves entities operating within the Spanish market.
Industry
- Private Equity – Tikehau Capital and Hogan Lovells' involvement in the transaction reflects the private equity sector by investing in and transforming companies for strategic exits.
- Renewable Energy – ENSO's focus on biomass energy production situates it within the renewable energy sector.
- Infrastructure – Igneo Infrastructure Partners, as the acquirer, is part of the infrastructure industry, focusing on assets like ENSO's biomass platform.
Financials
- – While the exact financial details of the sale are not disclosed, the transaction signifies a strategic exit for Tikehau Capital's investment in ENSO.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Tikehau Capital | Seller | Company | A private equity firm focusing on creating value through decarbonization and strategic acquisitions. |
| Hogan Lovells | Legal Advisor | Company | International law firm providing legal services and advice on the ENSO transaction. |
| ENSO | Target Company | Company | A leading Spanish biomass platform focusing on energy solutions, sold to Igneo Infrastructure Partners. |
| Igneo Infrastructure Partners | Buyer | Company | A fund specializing in infrastructure investments, acquiring ENSO to expand its portfolio. |
| Fernando Calancha | Regulatory Advisor | Person | Provided regulatory advice in the transaction. |
| Raul Matute | Regulatory Advisor | Person | Provided regulatory advice in the transaction. |
| Alejandro Moscoso | Tax Advisor | Person | Provided tax advice in the transaction. |