SPAIN – First Reserve acquires Gamesa Solar
US-based private equity house First Reserve Corporation acquired energy producer Gamesa Solar from Gamesa, in a deal valued at approximately EUR 261m.
Citigroup acted as adviser for the deal which is pending closing following a series of conditions and the results of an audit that must take place by 31 March.
Gamesa Solar was founded in 2005 and employs 162 people. It has a Project portfolio of 40 megawatts for this year. The company closed 2007 with a turnover of EUR 207m and an EBITDA of EUR 26m.
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