​Partners Group sells Silicon Ranch stake to Shell

Related Asset Managers

Partners Group is selling its 43.83% stake in Silicon Ranch Corporation to Royal Dutch Shell for up to $217m (€177.5m).

The Swiss multi-asset manager, which is selling the US solar energy facilities operator, said Shell will pay at least $193m and up to an additional $24m depending on the company reaching certain targets.

In addition, Partners Group said it will continue to support Silicon Ranch through a newly issued junior debt financing simultaneous with the closing of the sale.

Founded in 2011 and headquartered in Nashville, Tennessee, Silicon Ranch is an independent solar power producer in the US.

Partners Group bought into Silicon Ranch in April 2016.

Todd Bright, a partner and head of private infrastructure at Partners Group Americas, said: “We are immensely proud of having supported Silicon Ranch in its recent expansion.

“With our support, the company has been able to execute its growth plan faster than expected and we are taking the opportunity to divest our equity stake to a strategic investor ahead of the original investment plan.”

Partners Group said it still remains a significant investor in renewable energy projects worldwide on behalf of its clients, with a particular focus on solar and wind energy.

In addition to the continued support of Silicon Ranch, Partners Group recently announced the acquisition of a 45% equity stake in Borssele III/IV, a 731.5MW construction-ready offshore wind farm in the Netherlands.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2559

    Asset class: Multi Assets.
    Asset region: -.
    Size: EUR 15m (may be split into two mandates EUR 7.5m).
    Closing date: 2019-09-06.

  • QN-2560

    Asset class: Private Equity.
    Asset region: Global.
    Size: $40m.
    Closing date: 2019-08-30.

  • QN-2561

    Asset class: Infrastructure.
    Asset region: Global.
    Size: $40m.
    Closing date: 2019-08-30.

Begin Your Search Now