Natixis, Vermilion Partners and EFG Hermes Advise CSAIL on First MENA Acquisition

Australia | Client Success

Natixis and its affiliates Vermillion Partners and EFG Hermes, acted as the exclusive financial advisor to a consortium led by China Three Gorges South Asia Investment Limited (CSAIL), for the acquisition of 100% of Dubai-based wind and solar developer, Alcazar Energy Partners (AEP).

CSAIL is a subsidiary of China Three Gorges Corporation (CTG), which is China’s largest clean energy group and the largest hydropower enterprise in the world.

AEP is a leading independent private sector developer and producer focused on renewable energy generation across the Middle East and North Africa (MENA) region. In just under six years, AEP has built a portfolio of five solar and two wind projects across Jordan and Egypt with a total generation capacity of 411 MW.

The transaction is CTG’s first investment in the MENA region, and establishes a solid foundation for CTG to further expand its renewables footprint in a region, which is exposed to strong structural growth trends. Over the next decade, it is anticipated that an additional 157 GW of renewable energy capacity and USD 175bn will be invested in the region.

Natixis also provided a sole financing commitment on a certain fund basis during the bidding process, as well as an acquisition bridge loan facility to support the transaction.

This transaction demonstrates Natixis’ successful and solutions driven relationship with CTG and highlights the power of its M&A boutique network approach, combined with its strong and global renewables expertise.