Home Business NewsBusiness Terra Firma in talks to sell UK wind farms business in $500m deal

Terra Firma in talks to sell UK wind farms business in $500m deal

12th Jul 16 11:45 am

Today’s big deal

Wind turbine

Source: PYMCA/Photoshot

Private equity firm Terra Firma is in discussions with state-backed power generation company China Huadian Corp to sell its wind farm business for US$500m.

Terra Firma has selected Huadian as the preferred bidder for the assets of its Infinis business and the Chinese group is evaluating the impact of the recent Brexit referendum.

The private equity firm made its first investment in Infinis in 2003, listed it November 2013, before taking it private again last October in a transaction valuing the company at 3555m (US$ 717m).

A deal would exclude the landfill gas business, which is being sold separately.

Goldman Sachs and Royal Bank of Canada are advising on the sales.

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