Astris Finance congratulates its client DIF Capital Partners (“DIF”), a leading global independent investment manager, for the closing of a partnership agreement whereby DIF will invest in Qair, a fast growing renewable energy platform company, to accelerate its growth and portfolio build out.
The transaction, which closed in September 2022, took the form of a minority investment by DIF, through DIF Infrastructure VII, in the platform owning the assets.
The platform is focused on a wide range of technologies including onshore as well as offshore wind, utility scale solar, energy from waste, hydroelectricity, storage, hydrogen production, as well as tidal energy. The operational portfolio of ca.1 GW is mainly comprised of onshore wind for c. 75% and solar projects, and the development pipeline capacity amounts to up to 25 GW.
Astris acted as exclusive financial advisor to DIF. Astris has a long-standing relationship with DIF, for which it has acted as exclusive advisor on several M&A and senior debt financing transactions over the past few years.
This landmark transaction strengthens Astris’s position in the European renewable sector, where we have executed 12 transactions since January 2022 (out of which 7 in the M&A space) and are currently managing several processes in France, Spain, Italy and Germany.
October 2022 - Astris advises DIF Capital Partners for the closing of a partnership agreement with the leading global renewable energy platform Qair