The investment builds on Antin’s story of investing in renewable energy platforms and supporting the transition to a clean energy future
PARIS & LONDRES & NEW YORK, October 18, 2021– (BUSINESS WIRE) – Regulatory news:
Antin Infrastructure Partners (Ticker: ANTIN – ISIN: FR0014005AL0), one of the world’s leading infrastructure investment firms, today announced that funds managed by Antin have reached a definitive agreement to acquire a majority stake in Origis Energy, a leading vertically integrated renewable energy supplier in the United States, its CEO and Chairman Guy Vanderhaegen and Global Atlantic Financial Group. The company focuses on the development, construction and operation of large-scale solar and storage assets, as well as distributed generation. Guy Vanderhaegen will continue to lead and hold a significant stake in the company.
Founded in 2008, Origis Energy has a history of successful development in 130 solar and storage projects. Antin will support Origis Energy with additional capital and resources as it builds its contract pipeline, which is one of the largest in the United States and offers clear visibility on its growth plan over the next few years. The company will further expand its operations to achieve its longer-term development objectives, continue to develop its operations and maintenance services activities and further strengthen its position as a key player in the energy transition.
By developing renewable energy projects, Origis Energy is at the forefront of companies contributing to decarbonisation efforts. Its solar and storage projects provide a clean alternative to fossil fuel-dependent energy sources, helping customers reduce net greenhouse gas emissions and transition to a low-carbon economy. The nationwide energy transition, supported by national and state policies, continues to create strong market growth for solar and storage assets.
The transaction, carried out through its Fund IV, is Antin’s third investment in the US market as Antin expands its presence in North American infrastructure after opening its New York office in 2019.
Kevin Genieser, Senior Partner at Antin Infrastructure Partners who led the transaction, declared: “We are delighted to be working with the entire Origis Energy team in this major chapter of growth for the company. Origis Energy continues Antin’s ten years of experience in investing in renewable energy platforms and supporting the transition to a clean energy future. This transaction is well aligned with Antin’s own ESG objectives.“
Guy Vanderhaegen, CEO and President of Origis Energy, added: “We are delighted to partner with Antin Infrastructure Partners to support our growth. With its support, we can continue to capitalize on the rapidly growing US renewable energy market, which benefits from a favorable regulatory environment and compelling technological fundamentals.“
Anup Agarwal, Chief Investment Officer of Global Atlantic Financial Group, commented : “We are delighted to have participated in Origis Energy’s great success, first as an investor in its solar projects, then as the company’s largest external shareholder. Guy has built a world-class team with a strong focus on providing the highest standards of service and execution, which has positioned Origis Energy well for continued long-term success as the demand for clean energy supply continues to increase. “
Origis Energy was advised by Onpeak Capital (senior financial advisor) and Goldman Sachs (financial advisor) and Norton Rose Fulbright (legal advisor). Antin Infrastructure Partners has been advised by Scotiabank and Wells Fargo Securities (financial advisor) and Latham & Watkins (legal advisor).
Closing is expected in late 2021 after receipt of the usual regulatory approvals.
About Antin Infrastructure Partners
Antin Infrastructure Partners is a leading independent private equity firm specializing in infrastructure investments. Based in Paris, London and New York, and majority owned by its partners, the firm employs more than 150 professionals. Antin targets majority stakes in infrastructure companies in the energy and environment, telecommunications, transport and social infrastructure sectors. Antin manages € 19.9 billion in assets and has invested in 28 companies since its inception. Antin is listed on compartment A of the regulated market of Euronext Paris (Ticker: ANTIN – ISIN: FR0014005AL0)
About Origis Energy
Origis Energy is a leading renewable energy platform in the United States with a growing pipeline of solar and storage projects. Headquartered in Miami, with regional offices in Austin and San Diego, Origis has 105 employees across its development, engineering / procurement / construction, operations and maintenance, finance and accounting teams. The company was founded in 2008 and is headed by CEO and Chairman Guy Vanderhaegen. Origis currently operates 2 GW of solar and storage capacity and has a large portfolio of projects with 20 GW of capacity.
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Antin Infrastructure Partners
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