Mirabaud Advisors strengthens solar credentials with successful sale of Spanish photovoltaic plant to Lynx Renovables
Enrique Aguado, Head of Mirabaud Advisors in Spain, commented, “We are extremely satisfied with the closing of this transaction, particularly given the completion within an aggressive execution period and the achievement of such a favourable outcome for our clients. This is another successful deal that solidifies our position as one of the leading advisors in the renewable sector, an area in which we are highly experienced not only in purchase and sale operations, but also in financing and capital markets.”
Juan Carlos Fernández-Mellado, representative of the sellers added, “The Mirabaud Advisors team in Madrid carried out an excellent and critical job in the sale process of Parquesoles. Thanks to its experience and professionalism, we felt very well accompanied and supported throughout the 4 month transaction.”
Mirabaud Advisors acted as financial advisor to the sellers in the transaction, structuring and organising a competitive process directed at funds and specialised investments. The transaction saw a positive reaction and high demand from investors in this type of asset class. This, coupled with the highly organised structure of the operation, facilitated optimal selling conditions for Mirabaud’s clients.
This transaction demonstrates the intense interest that larger institutional funds and those specialised in renewable energies have in Spanish renewable assets. This demand, tied with the competitively priced debt currently available, allowed Mirabaud Advisors to maximise both the selling price and conditions in the closing of this transaction.