Private Equity Pours $1.45 Billion Into UK Renewable Energy

CVC Leads $1.3 Billion Deal to Back UK Energy Firm Low Carbon

(Bloomberg) — British green-power developer Low Carbon has raised £1.1 billion ($1.3 billion) in a deal that will result in CVC Capital Partners becoming the company’s majority owner.

Private Equity Pours $1.45 Billion Into UK Renewable Energy

UK energy company Low Carbon has raised as much as $1.45 billion (£1.1 billion) from CVC Capital Partners and other investors as private equity firms are increasingly backing renewables operations.   CVC Capital Partners and Low Carbon’s existing shareholder Massachusetts Mutual Life Insurance Company participated in the funding, which will see CVC Capital Partners become the majority owner of Low Carbon, a company developing and operating solar…

CVC Acquires European Green Energy Platform Low Carbon

Private markets investment manager CVC’s infrastructure strategy CVC DIF announced the acquisition of a majority controlling stake in European renewable energy company Low Carbon, in a deal securing more than $1.4 billion in capital for Low Carbon aimed at creating a leading, pan-European Independent Power Producer (IPP). Founded in 2011, London-based Low Carbon develops, builds, and operates utility-scale solar, onshore wind, and battery storag…

CVC backs Low Carbon in £1.1bn deal

CVC Capital Partners has agreed to invest £1.1bn ($1.3bn) in UK-based renewable energy developer Low Carbon, taking a majority stake in the company, according to a report by Bloomberg. The investment is being made through CVC’s DIF Infrastructure VIII fund, and will support Low Carbon’s expansion across the UK and Europe as the region accelerates its shift away from natural gas. Existing shareholder Massachusetts Mutual Life Insurance Company al…

Low Carbon gains $1.4bn from CVC DIF to drive renewable energy growth

Renewable energy company Low Carbon has gained a significant investment from CVC DIF, aimed at driving the next stage of the company’s growth.

CVC leads £1.1 billion deal to back UK energy firm Low Carbon

The investment will help Low Carbon expand its renewable electricity business in the UK and Europe