BBVA Corporate Finance has advised the consortium led by Magnum Capital on the sale of 100% of Iberwind, the leading independent operator on the Portuguese renewable energy market, to Cheung Kong Infrastructure (CKI) and Power Assets Holding (PAH) for a total amount of nearly 1 billion euros.
BBVA's experience and capabilities have been crucial to the success of the deal, helping reach a fast and confidential agreement and contributing to maximize the closing value and certainty.
BBVA has provided Magnum with comprehensive financial service that included designing the process, preparing sales materials, valuation, coordination during the due diligence stage, structuring of the deal and tactical advice during the negotiation phase.
BBVA's experience in the energy industry and particularly in the renewable energy sector, together with its global access to industrial and financial investors, has provided Magnum with in-depth knowledge of the key considerations when it comes to maximizing value in a sales process.
The sale of Iberwind is a key milestone in the Financial Sponsor sector, as it is the largest divestment announced in history by an Iberian Private Equity. It is also the second largest transaction in Portugal and one of the five biggest deals in Iberia announced in the energy sector in the last 5 years.
With this transaction, BBVA once again demonstrates its excellent capabilities in providing advice for cross-border executions, marking the 40th deal since 2012 and the 4th transaction with the involvement of a Chinese investor since 2013.