Date

April 1, 2013

Sector

Energy

Deal Type

M&A

Deal Value

N/A

GCA Altium acted as financial adviser to First Reserve Energy Infrastructure on the purchase agreement with Renovalia Energy for two wind farms in Mexico (228MW).

In 2011, Renovalia Energy and First Reserve Energy Infrastructure agreed to create a joint venture (Renovalia Reserve) in the wind sector.  GCA Altium already advised First Reserve in the JV deal. The acquisition of the two Mexican wind farms increases the asset base of Renovalia Reserve significantly to a total of 487MW worldwide.

FREIF I is the inaugural infrastructure Fund for First Reserve, which closed in 2011 with $1.23 billion of committed capital. The Fund’s portfolio includes seven investments in the U.S., Europe and globally all of which are focused in the areas of Contracted Power, Contracted Midstream, and Regulated Transmission and Distribution. First Reserve is a leading private investment firm with over $23 billion of raised capital dedicated exclusively to the energy and natural resources industries, making both private equity and infrastructure investments throughout the energy value chain. For 28 years, it has invested solely in the global energy industry, and has developed a preeminent franchise, utilizing its broad base of specialized energy industry knowledge as a competitive advantage. First Reserve invests strategically across a wide range of energy industry sectors, backing talented management teams and building value by building companies.

Renovalia Energy is one of the largest renewable energy Independent Power Producers, with close to 600MW of renewable power in operation or under construction (distributed among wind, solar photovoltaic, solar concentration and minihydro). Established 12 years ago, the company has strategically diversified itself technologically and geographically, allowing the company to become a worldwide reference in the renewable energy market. Renovalia owns and operates 10 wind farms and solar installations. It is currently building the second phase of one of Mexico’s largest wind farms, with a total power of 228MW. The company is present in Canada, US, Mexico, Chile, Spain, Italy, Hungary and Romania.

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