Global Infrastructure Partners to Acquire Wpd Offshore from Wpd

Deal In Brief

Global Infrastructure Partners (GIP), an infrastructure investment company, has agreed to acquire 100% stake in WPD Offshore GmbH, an offshore wind energy company, from Wpd AG, a German renewables developer

WPD offshore is an offshore wind platform with over 20 years of development experience, a track record of ~7 GW developed to date, and a presence in fourteen European and APAC markets. The wpd offshore team has capabilities across the entire offshore wind value chain, including greenfield development, engineering and design, procurement, financing and construction management. wpd offshore's portfolio includes: (A) Interests in five operating and under construction projects in Germany, France and Taiwan. (B) >30 GW (gross) global and highly diversified offshore wind pipeline in various stages of development

The transaction is subject to customary regulatory approvals.

Deal Type	Private Equity
Sub-Category	Institutional Buy-out (IBO)
Deal Status	Announced: 2022-05-06

Deal Participants

Target (Company)	WPD offshore GmbH
Vendor (Company)	Wpd AG

Deal Rationale

% Acquisition

100%

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