Transaction: Divestments
Date: February 2019
Deal value: Approx 2,300 million
Process: Structured auction
Industry: Energy and utilities

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FIH Partners advised Highland Group Holdings, Siemens Financial Services and Copenhagen Infrastructure Partners, through Copenhagen Infrastructure II K/S (“CI-II”), on the sale of 80% of the shares in the operating offshore wind farm Veja Mate to a European consortium composed of funds managed by Commerz Real, Ingka Group, wpd invest and KGAL Group.  Siemens Financial Services will retain a 20% ownership stake in the project and CI-II will remain a lender to Veja Mate.

Veja Mate is a 402 MW offshore wind farm located in the German North Sea, approximately 95 km off the island of Borkum. All 67 Siemens turbines were successfully commissioned in May 2017, take-over occurred in October 2017 and project completion was reached in early February 2018. The divestment follows the successful restructuring of the EUR 1,277m senior facilities, which occurred in June 2018.

The value of the transaction is not disclosed.

FIH Partners and Green Giraffe acted as exclusive financial advisor to the owners of Veja Mate.