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Unquote
  • Infrastructure

UK - One Equity invests $150m in Clipper Windpower

  • nicola
  • 10 April 2008
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One Equity Partners will invest $150m into Clipper Windpower Plc, a manufacturer of wind turbines and developer of wind energy projects. The new funds will be used to finance Clipper’s ongoing working capital requirements and strategic supply chain initiatives.

One Equity will subscribe for approximately 15.8 million new shares at a price equal to the lower of 480p per share and the volume weighted average trading price of the shares over the five business days preceding 4 May 2008, raising gross proceeds of approximately £76 million ($150 million). In the event that the subscription price is less than 480p per share Clipper may elect not to proceed with the transaction.
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