Brookfield Asset Management, Brookfield Renewable and Temasek are planning to buy French renewable developer Neoen for about €6.6 billion, or about $10 billion including debt. The deal would rank as one of the largest take-privates in Europe this year and would come at a time when listed clean-power developers have been drawing takeover interest after declines in their stock prices in the wake of rising interest rates, which are boosting capital-intensive project costs. KKR & Co. offered in March to acquire German renewable-power producer Encavis AG in a€2.8 billion deal, while EQT AB offered to buy Swedish wind developer OX2 AB for $1.5 billion a few weeks ago. Who's next?
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This week’s most important private equity news (2/3) Brookfield Asset Management is in exclusive talks to acquire a majority stake in French renewable energy company Neoen, valuing it at €6.1bn ($6.6bn). The deal involves purchasing a 53.3% stake at €39.85 per share, a 26.9% premium on Neoen’s last closing price. The consortium, including Brookfield Renewable Partners and Temasek Holdings, plans to buy shares from key stakeholders, including a 42% stake from Jacques Veyrat’s Impala. Brookfield will extend an all-cash tender offer for the remaining shares post-acquisition. Full note: https://lnkd.in/eZqYaUvE). #privateequity #newsweek #BloomCapital
Brookfield in talks to acquire stake in Neoen at $6.6bn valuation
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NextEnergy Capital's Chief Operating Officer, Ross Grier spoke with Proactive yesterday on NextEnergy Solar Fund (NESF) 's dividend target increase and impressive strategic achievements. NextEnergy Solar Fund (NESF) is proud to announce a dividend increase for the eleventh consecutive year since IPO, reflecting NESF's commitment to delivering shareholder value. With a dividend yield of approximately 11%, NESF currently offers one of the highest dividends yields in the sector. Find out more about NESF's strategic and operational highlights and how they align with the fund's long-term mission to deliver consistent returns here: https://lnkd.in/eUzC6fYd | #dividendincrease | #ftse250 | #sustainableinvesting | #incomeinvesting | #proactiveinvestors | #dividendyield | #greenenergy | #energytransition |
NextEnergy Solar Fund announces dividend target increase and strategic achievements
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Are you looking to upgrade your real estate fund from Article 6 to Article 8 under the EU’s SFDR? In this new article in Renewables Investor, Kamahn Lee-Barron, Designated Person for Investment Management at TMF Group, outlines the factors you should consider. Read the full piece and align your real estate investments with SFDR to promote a more sustainable future: https://lnkd.in/ejxn7_9y #SFDR #realestate #RenewablesInvestor
Unpacking SFDR in the context of real estate assets – Renewables Investor
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Are you looking to upgrade your real estate fund from Article 6 to Article 8 under the EU’s SFDR? In this new article in Renewables Investor, Kamahn Lee-Barron, Designated Person for Investment Management at TMF Group, outlines the factors you should consider. Read the full piece and align your real estate investments with SFDR to promote a more sustainable future: https://lnkd.in/gSd_6bbh #SFDR #realestate #RenewablesInvestor
Unpacking SFDR in the context of real estate assets – Renewables Investor
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Brookfield Asset Management has entered into a share purchase agreement with the shareholders of Neoen to acquire a majority stake in the French renewables and battery developer. After completing Neoen's works council information and consultation process, Brookfield (as the purchaser) signed a share purchase deal with Impala, Fonds Strategique de Participations managed by ISALT, Cartusia, Xavier Barbaro, and other shareholders. This agreement involves acquiring approximately 53.12% of Neoen's outstanding shares at €39.85 per share, referred to as the “Block Acquisition.” Additionally, Brookfield has made a tender agreement with Bpifrance, through its ETI 2020 fund. Bpifrance has committed to tendering all its shares in Neoen, representing 4.36% of Neoen's share capital, in the tender offer that Brookfield will launch after the Block Acquisition is completed. Click the link below for the full story and follow us for daily mandates & news. #renewableenergy #renewables t #investment
Brookfield signs Neoen share purchase agreement - Infra-Be
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Are you looking to upgrade your real estate fund from Article 6 to Article 8 under the EU’s SFDR? In this new article in Renewables Investor, Kamahn Lee-Barron, Designated Person for Investment Management at TMF Group, outlines the factors you should consider. Read the full piece and align your real estate investments with SFDR to promote a more sustainable future: https://lnkd.in/eGqFBi7m #SFDR #realestate #RenewablesInvestor
Unpacking SFDR in the context of real estate assets – Renewables Investor
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Citicore Gains Approval for IPO, Targets Funding for Gigawatt-Scale Projects #RenewableEnergy #GreenEconomy #Energy #EnergyTransition https://lnkd.in/gpdas-He
Citicore Gains Approval for IPO, Targets Funding for Gigawatt-Scale Projects
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Are you looking to upgrade your real estate fund from Article 6 to Article 8 under the EU’s SFDR? In this new article in Renewables Investor, Kamahn Lee-Barron, Designated Person for Investment Management at TMF Group, outlines the factors you should consider. Read the full piece and align your real estate investments with SFDR to promote a more sustainable future: https://lnkd.in/evESsDs4 #SFDR #realestate #RenewablesInvestor
Unpacking SFDR in the context of real estate assets – Renewables Investor
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Citicore Gains Approval for IPO, Targets Funding for Gigawatt-Scale Projects #RenewableEnergy #GreenEconomy #Energy #EnergyTransition https://lnkd.in/gpdas-He
Citicore Gains Approval for IPO, Targets Funding for Gigawatt-Scale Projects
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Are you looking to upgrade your real estate fund from Article 6 to Article 8 under the EU’s SFDR? In this new article in Renewables Investor, Kamahn Lee-Barron, Designated Person for Investment Management at TMF Group, outlines the factors you should consider. Read the full piece and align your real estate investments with SFDR to promote a more sustainable future: https://lnkd.in/eVCWswbC #SFDR #realestate #RenewablesInvestor
Unpacking SFDR in the context of real estate assets – Renewables Investor
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