Antin Infrastructure’s Flagship Fund V, through its affiliate GCE Bidco, has announced a voluntary cash tender offer to acquire all shares of Opdenergy in a transaction valued at €866 million ($931 million).
Opdenergy is a vertically integrated, independent renewable-energy developer and producer with 904 megawatts in operation and 951 megawatts under construction and pre-construction. The company develops renewable-energy projects, mainly in Spain, the United States, Chile, Italy and Mexico. Opdenergy’s revenue model relies fundamentally on long-term private-purchase agreements with private entities.
Antin plans to provide capital and expertise to support the company’s goals of transforming into one of the top global renewable energy platforms in Spain. With an intention to maintain Opdenergy’s headquarters in Spain, Antin plans to work closely with the existing management team to build out future opportunities.
“We are very excited to have the oppo
