Washington DC, September 2023. Astris advises ICG in connection with its €400 million investment in Enfinity Global, the fast-growing global renewable energy development platform.
Astris Finance congratulates its client Intermediate Capital Group (“ICG”), the global alternative asset manager, for the signing of a definitive agreement to invest in Enfinity Global, a leader in renewable energy.
This €400 million equity investment will fund Enfinity’s near-term growth and the execution of its business strategy to deliver a 17 GW global portfolio, including 7.3 GW of energy storage assets. With 1 GW of operational assets worldwide, the company is one of the fastest growing renewable energy platforms globally, and the leading renewable energy developer in Italy.
Jérôme Sousselier, Managing Director at ICG, said: “We are excited to be partnering with Enfinity, a market-leading solar energy company, with a clear vision of supporting the transition to a net zero carbon economy. And we are grateful for the instrumental role Astris and their teams in Europe, Asia and the US, played in helping us close this global partnership.”
Fabrice Henry, CEO of Astris, said: “The global context of a fast-accelerating energy transition process is very favorable to -- and is very much in need of -- high added-value, well-capitalized renewable energy development platforms like Enfinity, supported by visionary investors like ICG. We wish Enfinity and ICG the very best for the exciting road ahead.”
This transaction strengthens Astris’s position in the M&A renewable sector globally, where it is currently working on 15 live transactions.
Astris acted as exclusive financial advisor to ICG.