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Mainstream said the investment would help accelerate its global expansion plans to bring 5.5 gigawatts of renewable projects to financial close by 2023 ahead of a planned IPO.
Irish headquartered renewable energy company, Mainstream
Renewable Power, has signed an agreement with Norway-based
renewable energy investment company, Aker Horizons, which will
acquire a 75% equity stake in the company.
The Philip Lee M&A team led by John Given and Andreas
McConnell was delighted to advise Mainstream on this transaction
which, subject to regulatory approval, values Mainstream at
€1bn including earn-out.
Mainstream said the investment would help accelerate its global
expansion plans to bring 5.5 gigawatts of renewable projects to
financial close by 2023 ahead of a planned IPO.
Under the terms of agreement, Mainstream will continue to
operate under its existing brand, with founder Eddie O'Connor
as Chairman and its current CEO and management team.
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