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We focus on local and international deals up to US$500 million in value across a wide range of sectors. Since the start of 2012 our partner firms have collectively completed over 230 deals, in 30 countries worldwide with an aggregate value of over US$17.5 billion.

Mergers Alliance launches Renewable Energy Investment Update - Renewables ride wave of success as opportunities in emerging markets soar

10th July 2015

Global investment in Renewable Energy (RE) approached record levels in 2014, reflecting growing investor confidence and a greater recognition of the attractive opportunities that exist. The prominence of Solar Photovoltaic (PV) and Wind, along with the notable and growing shift towards developing markets, will be important contributors to investment and mergers and acquisitions (M&A) activity over the next few years.

Emerging countries such as South Africa can therefore expect to continue to attractthe capital needed to develop their markets. As this report demonstrates, South Africa is a model case study for developers, investors and other market participants seeking opportunities in new, high growth markets.

Key conclusions from this report include:

The bulk of global RE investments are being spent using project financing principles and techniques

Global investment in renewable energy reached USD270.2 billion in 2014, with roughly 90 percent of these funds spent on project financing (for both large-scale and small-scale projects).

Developers and investors are targeting new markets

Future RE growth will come in large part from emerging markets such as South Africa and other less developed markets due to a low level of embedded traditional energy sources combined with a need to rapidly and sustainably ramp up energy availability to facilitate growth. As a result, international project developers and investors continue to be attracted to South Africa and other developing markets.

South Africa’s RE market is one of the great African success stories

More than 3,500 megawatts (MW) of power have been generated in South Africa in less than three years. Returns of between 18 percent and 28 percent were typical across the country’s three bidding windows (BWs), with some early movers being rewarded with figures in excess of the upper end of the range.

Other emerging RE markets are looking to South Africa as a template for success

The South African experience provides a strong illustration of how effective policies can sustain and accelerate RE investment in other new, high growth markets. A logical and transparent procurement process, along with a strong legal framework, provides sponsors with the confidence needed to proceed with new projects.

Volatile oil prices are unlikely to impact future RE projects

Oil price fluctuations are expected to have a limited impact on future RE projects. Oil does not compete directly with RE and the global drive towards clean and
sustainable energy supplies secures the latter’s status as one of the most important energy sources of the future, regardless of oil price movements.

Download full report

mergers-alliance-renewable-energy.pdf
Adobe Acrobat file - 4.3 mb

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latest deals

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  'intro' => string 'Ethica Corporate Finance, advised Chequers Capital and NB Renaissance Partners in the acquisition of a controlling stake stake in Biolchim Group from Wise SGR ,&hellip;' (length=168)
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Biolchim S.p.A. - Biolchim Company Sale

Ethica Corporate Finance, advised Chequers Capital and NB Renaissance Partners in the acquisition of a controlling stake stake in Biolchim Group from Wise SGR ,…

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  'intro' => string 'Origin Merchant Partners acted as exclusive advisor  to Shaw Communications Inc. on the sale of Shaw Tracking, its fleet management telematics solutions provider, to&hellip;' (length=173)
  'display_name' => string 'Shaw Tracking' (length=13)
Shaw Tracking

Origin Merchant Partners acted as exclusive advisor to Shaw Communications Inc. on the sale of Shaw Tracking, its fleet management telematics solutions provider, to…

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  'intro' => string 'MEDITERRÁNEA DE CATERING, a portfolio company of PORTOBELLO CAPITAL, has acquired 100% of shares of VERA GALDEANO, the family owned company engaged in providing high&hellip;' (length=174)
  'display_name' => string 'Vera Galdeano' (length=13)
Vera Galdeano

MEDITERRÁNEA DE CATERING, a portfolio company of PORTOBELLO CAPITAL, has acquired 100% of shares of VERA GALDEANO, the family owned company engaged in providing high…

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  'intro' => string 'Alpha acquired EUROPART, the leading European distributor of spare parts and wearables for the independent commercial vehicle aftermarket (trucks, busses and trailers). The company was&hellip;' (length=192)
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Alpha Private Equity (Acquisition financing)

Alpha acquired EUROPART, the leading European distributor of spare parts and wearables for the independent commercial vehicle aftermarket (trucks, busses and trailers). The company was…

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  'intro' => string 'Khronos Advisory advised Star Energy Group on the sale of 33% equity stake in Star Energy Group Holdings Pte Ltd to BCPG Public Company Limited,&hellip;' (length=152)
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Star Energy Group

Khronos Advisory advised Star Energy Group on the sale of 33% equity stake in Star Energy Group Holdings Pte Ltd to BCPG Public Company Limited,…

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  'intro' => string 'Ethica Corporate Finance advised the shareholders of Surfaces Technological Abrasives S.p.A. on the sale of the 100% stake to the Paris-based private equity firm Astorg&hellip;' (length=176)
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Surfaces Technological Abrasive S.p.A.

Ethica Corporate Finance advised the shareholders of Surfaces Technological Abrasives S.p.A. on the sale of the 100% stake to the Paris-based private equity firm Astorg…

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  'intro' => string 'Capitalmind advised Pneutec on the sale to Dutch listed company Aalberts Industries. The Dutch listed technology firm Aalberts Industries acquired 100% of the shares of&hellip;' (length=176)
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Pneutec

Capitalmind advised Pneutec on the sale to Dutch listed company Aalberts Industries. The Dutch listed technology firm Aalberts Industries acquired 100% of the shares of…

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  'intro' => string 'Ethica Corporate Finance, advised the shareholders of API – Applicazioni Plastiche Industriali – on its sale to listed US player Trinseo (NYSE:TSE), a global materials&hellip;' (length=179)
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API S.p.A - API

Ethica Corporate Finance, advised the shareholders of API – Applicazioni Plastiche Industriali – on its sale to listed US player Trinseo (NYSE:TSE), a global materials…

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  'intro' => string 'Ethica Corporate Finance advised the shareholders of Maffi S.r.l., the holding company which controls MAW, in the sale of the 82.5% stake to Proa, the&hellip;' (length=158)
  'display_name' => string 'MAW Men at Work Agenzia per il Lavoro S.p.A.' (length=44)
MAW Men at Work Agenzia per il Lavoro S.p.A.

Ethica Corporate Finance advised the shareholders of Maffi S.r.l., the holding company which controls MAW, in the sale of the 82.5% stake to Proa, the…

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  'intro' => string 'A minority of the shares of Springest were sold to FD Mediagroep (also known as FDMG) (with the option to acquire the other part of the&hellip;' (length=144)
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Springest B.V.

A minority of the shares of Springest were sold to FD Mediagroep (also known as FDMG) (with the option to acquire the other part of the…

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  'intro' => string 'Ethica Corporate Finance advised Europe Capital Partners V, the PE holding the majority stake of Doctor Dentist, on the sale of its 60% stake to&hellip;' (length=152)
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Doctor Dentist S.r.l.

Ethica Corporate Finance advised Europe Capital Partners V, the PE holding the majority stake of Doctor Dentist, on the sale of its 60% stake to…

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  'intro' => string 'Origin Merchant Partners acted as exclusive financial advisor to Avena Foods Limited (“Avena”) on its sale to Ironbridge Equity Partners (“Ironbridge”).' (length=160)
  'display_name' => string 'Avena Foods Limited' (length=19)
Avena Foods Limited

Origin Merchant Partners acted as exclusive financial advisor to Avena Foods Limited (“Avena”) on its sale to Ironbridge Equity Partners (“Ironbridge”).

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  'intro' => string 'Odin Financial Advisors advised iyzico in its Series C fundraising round, led by Vostok Emerging Finance, in order to boost expansion in Europe and Middle&hellip;' (length=162)
  'display_name' => string 'iyzico' (length=6)
iyzico

Odin Financial Advisors advised iyzico in its Series C fundraising round, led by Vostok Emerging Finance, in order to boost expansion in Europe and Middle…

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  'intro' => string 'Capitalmind advised SYLPA Group on its acquisition ENTRA Group in a competitive process. Following its third MBO backed by EPF Partners (PE fund) in July&hellip;' (length=161)
  'display_name' => string 'ENTRA' (length=5)
ENTRA

Capitalmind advised SYLPA Group on its acquisition ENTRA Group in a competitive process. Following its third MBO backed by EPF Partners (PE fund) in July…

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  'intro' => string 'The initiator, Dr. Dietrich Schrapper, a long term Capitalmind client, together with Ufenau has completed the first part of this transaction by acquiring the nucleus&hellip;' (length=173)
  'display_name' => string 'DermaClin Deutschland GmbH' (length=26)
DermaClin Deutschland GmbH

The initiator, Dr. Dietrich Schrapper, a long term Capitalmind client, together with Ufenau has completed the first part of this transaction by acquiring the nucleus…

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