American Capital Energy & Infrastructure Exits Four Energy Companies (Asia)
Source: American Capital Energy & Infrastructure
American Capital Energy & Infrastructure (ACEI) has exited all of its energy investments, which comprise holdings in four companies: Nigeria-based Azura Power Holdings, Senegal-based Taiba Ndiaye Wind Project, Jamaica-based BMR Energy and Indonesia-based Ankora Hydro. Global growth markets investor Actis acquired ACEI’s stake in Azura, and Actis’s portfolio company Lekela Power acquired ACEI’s co-development rights and sole rights to invest in Taiba Ndiaye Wind Project. BMR was sold to an affiliate of the Virgin Group, and Arkora Hydro was sold to investors affiliated with the majority owners. The sale of ACEI’s investments is expected to generate aggregate proceeds of US$109 million, reportedly representing a compound annual return of 18.1 percent and a 1.32x multiple of invested capital.