April 13 (Renewables Now) – UK asset administration firm Schroders Plc (LON:SDR) has finalised the acquisition of a 75% stake in renewables funding supervisor Greencoat Capital Holdings Ltd, finishing the operation it introduced in December 2021.
Below the phrases said on the time, Schroders was to purchase the shareholding for an preliminary consideration of GBP 358 million (USD 465.6m/EUR 429.9m) in a money deal that included a possible earn-out and choices to finally take full possession over Greencoat.
Going ahead, Greencoat Capital will probably be often known as Schroders Greencoat, Schroders mentioned.
Greencoat has invested in wind, photo voltaic, bioenergy and warmth infrastructure, and manages GBP 6.8 billion of belongings on behalf of its shoppers as of end-December 2021. Since its launch in 2009, the London and Dublin-based investor amassed over 3 GW of operational belongings.
“The completion of the Greencoat Capital transaction expands our providing in an space of excessive shopper demand. Institutional traders within the UK and globally are on the lookout for renewable infrastructure investments which offer, long-dated, inflation-linked returns,” mentioned Peter Harrison, Schroders Group Chief Government.
(GBP 1.0 = USD 1.301/EUR 1.201)