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Newsec Infra advises Prime Capital AG on the sale of operating Swedish wind farm to a Swiss investment foundation advised by Aquila Capital

Newsec Infra acted as exclusive financial adviser to Prime Capital – an independent asset management firm managing EUR 11.8 bn across multiple funds – on the sale of a 24 MW operating wind farm in the southwest of Sweden. The 24 MW wind farm generates enough electricity to power the equivalent of 22,500 European households per year.

The sale marked the final asset held by Prime Capital in a Nordic focused managed account and was part of its exit strategy after taking it through construction and the first years of operation. The wind farm was acquired by a Swiss investment foundation advised by Aquila Capital.

Dr. Mathias Bimberg, Head of Infrastructure at Prime Capital says:

“We are happy to have achieved an attractive return for our investor on this divestment, as well as the whole portfolio, due to several optimizations undertaken, and to see the proceeds reinvested in our commingled value-add strategy, through the Prime Green Energy Infrastructure Fund. Focus of this fund is on large-scale greenfield renewable projects in the Nordics, offering the lowest levelized cost of energy in Europe with no reliance on government support. We would like to thank Newsec Infra for their high quality support throughout the process.”

Omid Ashrafi, Managing Partner at Newsec Infra says:

We are very pleased to again get the vote of confidence to support Prime Capital on a sell-side process. This transaction marks our 70th Nordic renewable energy deal since 2007, of which 13 deals were closed in 2021-2022 YTD at a value north of EUR 3 billion. We are proud to continue pushing investments in the energy transition and see new investors entering the Nordic wind market.

1st December 2022
Newsec Infra
Stureplan 3, Stockholm, Sweden

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