Marguerite signs SPA with MM Capital Infrastructure Fund 1 to divest its interests in AS Conexus Baltic Grid
Marguerite has signed a Sale Purchase agreement with Marubeni-backed MM Capital Infrastructure Fund I regarding the divestment of the Marguerite Fund’s 29.06% interest in AS Conexus Baltic Grid, the unified natural gas transmission and storage operator in Latvia.
Following a competitive sales process, MM Capital Infrastructure Fund 1 agreed to acquire the 29.06% shareholding in AS Conexus Baltic Grid (CBG) of the Marguerite Fund’s wholly-owned subsidiary Marguerite Gas I S.à.r.l., subject to conditions in the Energy and National Security Laws of Latvia.
Macquarie Capital acted as financial adviser to Marguerite. Ernst and Young acted as financial advisor to MM Capital Partners.
MM Capital Infrastructure Fund I is managed by MM Capital Partners, which was formed in 2018 by Marubeni Corporation, Mizuho Bank, Ltd. and Asset Management One Co., Ltd. for the purpose of operating and managing funds specialized in equity investments in overseas infrastructure assets.
Country updates
-
-
March 28, 2019
51-turbine wind project fails Latvian environmental impact assessment
After the failure to pass environmental protection standards, Latvian Wind Energy Association has rejected Eulus Vind AB’s proposal for 51-turbines wind farm. According to the authority, the te...
Read more -
November 29, 2018
BaltCap completes acquisition of 70% share in Latvian 4 MW biomass-fired project
BaltCap has completed the purchase of a 70% stake in a Latvian biomass combined heat and power plant Energia Verde from Energoeco. The facility is equipped with 18 MW HoSt Bio Energy Installations hi...
Read more -
October 15, 2018
BaltCap Infrastructure Fund announces acquisition of 70% stake in biomass-fired power plant in Latvia
BaltCap Infrastructure Fund (BInF) has announced that it has acquired 70% of shares in a biomass-fired combined heat and power plant located in the Riga region of Latvia, from Latvian company AS...
Read more -
September 13, 2018
Sweden's Eolus plans EUR-250m wind project in Latvia
Eolus Vind AB plans to build EUR 250 million 51-turbine wind farm project in Dobele and Tukums in western regions of Latvia. The project is supposed to be the largest wind farm in the Baltic country....
Read more -
July 30, 2018
Adven to acquire interest in SIA Cēsu Siltumtīkli, AS Valmieras Enerģija
Adven is expanding in Latvia, with the deal Adven will acquire SIA Cēsu Siltumtīkli as a whole, and 52% of AS Valmieras Enerģija, whilst 48% of the company remains in the ownership of the municipality...
Read more
