(CercleFinance.com) – Eurazeo announces the completion of the sale of its entire stake in Reden Solar to a consortium led by Macquarie Asset Management, including British Columbia Investment Management Corporation (BCI) and MEAG.
This disposal was carried out on the basis of an enterprise value of 2.5 billion euros. It generated disposal proceeds of €633 million for Eurazeo, representing a cash-on-cash multiple of 4.4 and an internal rate of return (IRR) of around 42%.
‘A shareholder since 2010, Eurazeo was with its partner InfraVia at the origin in 2017 of the refocusing of the company on photovoltaic solar energies, anticipating the strong development of this market’ indicates the management.
Reden Solar today has an operational capacity of over 750MW and a significant development pipeline.
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