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Wednesday, April 17, 2024

B&B steers Henko´s acquisition of Revergy

Bird & Bird has advised Henko Capital Partners, a Spanish private equity firm, on the acquisition of Revergy

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Revergy is a specialised group in renewable energy, and this deal gives continuity to Henko´s commitment to the growth of the wind and photovoltaic market at a global level and consolidating its position as a specialist in services in the sector.

Revergy offers a catalogue of services and solutions in each of the phases of an asset’s life cycle, ranging from basic engineering and subsequent project management to technical and financial management and operation and maintenance. In addition to its business in Spain, the company has a consolidated presence in Chile, Mexico, Colombia and Brazil, and is executing projects in several European countries (Italy, Portugal, Romania and Poland) and in the United States.

The medium-term objective is to consolidate its position as one of the leading specialists in the sector globally, focusing on services of greater complexity and added value, such as asset supervision and management, supported by digital tools to optimise asset performance and increase profitability for wind farm owners. The project will continue to be led by Iñigo Vázquez, founder and CEO of Revergy.

The acquisition of Revergy is Henko Capital Partners’ second investment in the energy sector. The fund has not disclosed financial details of the deal.

The Bird & Bird´s Corporate team advising Henko Capital Partners was led by of counsel Santiago Lardiés, head of Spain´s Private Equity Group and associate Julieta Bermúdez.

Russell Bedford also advised Henko Capital Partners on this transaction. Beel Infrastructure Partners and PwC advised the sellers of Revergy.

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