Sandbrook Capital and co-investors Public Sector Pension Investment Board (PSP Investments) and the Investment Management Corporation of Ontario (IMCO) have agreed to acquire NeXtWind Capital from a syndicate led by Crestline Investors, an investment management firm headquartered in Fort Worth, Texas.
NeXtWind Capital is a German renewable-energy company that specializes in acquiring and repowering onshore wind farms. As part of the transaction, Sandbrook, PSP Investments and IMCO plan to commit up to $750 million of equity capital to NeXtWind to acquire its existing portfolio of operating wind assets and to fund future growth.
“We have been focused on the repowering opportunity in Germany for over six years now,” said
Ewald Woste, co-founder of NeXtWind, managing partner of NeXtWind Management and member of the board of NeXtWind Capital. “With this newly announced acquisition and partnership, we have the capital to match our business development and opera