Tikehau carves out biomass unit from Acek in €81m deal

The transaction includes the 17MW biomass plant in Garray (Soria), and several long-term operations and maintenance contracts in Spain and Portugal, as well as its engineering business in Puerto de Santa Maria (Cadiz). The company will continue to be led by founder and CEO Emilio López Carmona.

This is the first investment made in Spain by Tikehau, which deployed capital from its private equity fund dedicated to energy transition, Tikehau Capital Energy Transition Fund. The vehicle targets medium-sized energy transition companies across three verticals: clean energy value chain; low-carbon mobility; and energy efficiency, storage and digitalisation.

With this investment, the GP aims to create a pan-European integrated bioenergy player.

Company
Founded in 2009, Acek Energias Renovables' biomass division specialises in the engineering, construction, operation and maintenance of biomass energy plants. The business employs 120 people and generated a turnover of €64m in 2018.

People
Tikehau Capital – Emmanuel Laillier (head of private equity).

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• Tikehau Capital
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