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    Swiss Life Asset Managers to Acquire 20% Stake in Borssele III / IV Offshore Wind Farm in Netherlands from Partners Group

    September 30, 2022 - Marketline - Deals


      Deal In Brief

      Partners Group, a global private markets firm, has, on behalf of its clients, agreed to sell a 20% stake in Dutch offshore windfarm Borssele III / IV (Borssele) to Swiss Life Asset Managers on behalf of its investors. The total installed capacity of the wind farm is 731 MW

      Borssele is a fully operational offshore windfarm located 55 kilometers from the Port of Vlissingen in the Netherlands. The windfarm is comprised of 77 turbines and benefits from a feed-in premium regime, which provides highly visible, long-term contracted cashflows. Borssele began operations in 2021. The windfarm is designed to generate 3,000 GWh of energy annually, which is enough to power approximately 825,000 Dutch households. Partners Group invested in Borssele in June 2018 as part of its thematic approach to investing in infrastructure assets that benefit from decarbonization trends

      During its holding period, Partners Group has transformed Borssele by successfully implementing several value creation initiatives, alongside other shareholders. This included ensuring the windfarm's construction was completed within budget. Borssele's other shareholders are Shell, Eneco, INPEX, and Luxcara. Completion of the transaction is subject to customary regulatory approvals. Partners Group was advised by Rothschild & Co as its financial advisor and Clifford Chance LLP as its legal advisor. The Renewables Consulting Group (RCG) is acting as sole technical advisor to Swiss Life Asset Managers on the transaction.

      Deal Type Acquisition
      Sub-Category Asset Purchase
      Deal Status Announced: 2022-09-16

      Deal Participants

      Acquirer (Company) Swiss Life Asset Managers Limited
      Vendor (Company) Partners Group AG

      Deal Rationale

      % Acquisition 20%

      (Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Marketline shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon.)


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