Terra Firma tests water for Infinis sell-off

 
Ollie Gordon
British private equity tycoon Guy Hands
GUY HANDS’ private equity firm Terra Firma yesterday gauged buyer appetite for a possible sale of its UK renewable energy company, Infinis.

The buyout specialist said in a statement that it was “exploring options to crystallise the value of its 68.8 per cent shareholding in Infinis Energy, including potentially a sale of the stake. Given that Terra Firma owns a significant majority stake, it believes there is merit to exploring potential interest in the stake as a whole alongside other options, including the potential for market sell downs”.

The company added that a dec­is­ion on any sale or sell down was far from concluded.

Infinis was one of three companies that made up Terra Firma’s renewable energy infrastructure investments, a venture that followed the company’s disastrous spell with music company EMI. The two other renewable investments included Italian solar power firm RTR and US wind company Everpower.

Earlier this month, investment magnate Guy Hands wrote an article for Terra Firma’s website, criticising the government’s renewable energy policies and saying the onshore wind industry “finds itself under attack from government”. He added that the Tories “will slam the brakes on ex­pansion” if they win the next election.

Terra Firma declined to comment when contacted.

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