DIF Capital Partners acquires 80% stake in 181 MW Dombasle Énergie waste-to-energy project
DIF Capital Partners (DIF) has announced the acquisition of an 80% stake in Dombasle Énergie, a French greenfield waste-to-energy project, located in Dombasle-sur-Meurthe in the North-East of France. The investment is made through DIF Infrastructure VI, alongside Solvay (10%) and Veolia (10%).
The project comprises the replacement of three coal-fired boilers with a new boiler room equipped with two furnaces running on 350,000 tonnes per year of refuse-derived fuel (RDF) produced from various types of nonhazardous waste that cannot be recycled.
The EUR225 million (US$249.5 million) Capex project is scheduled to become operational before the end of 2024 and will directly and indirectly employ over 1,000 people.
De Pardieu Brocas Maffei acted as a legal advisor for the transaction, H3P as a financial advisor for the sponsors. The lenders were advised by Herbert Smith Freehills (legal), SETEC (technical) and Marsh (insurance). Other advisors included Sigée Finance (model audit), Willkie Farr & Gallagher (tax audit) and ESTER (hedging).
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