August 1 (Renewables Now) - Private equity firm Denham Capital said today it has sold African independent renewable power company BioTherm Energy to emerging market investor Actis Capital for an undisclosed amount.
BioTherm Energy is one of the first companies to build wind and solar power plants in South Africa. It operates as an independent power producer with more than 500 MW of projects either in operation or under development. At present, the company has 285 MW of wind and solar projects under construction with a combined enterprise value of more than USD 500 million (EUR 453m).
Following the transaction, the current CEO of BioTherm, Jasandra Nyker, will join Denham Capital as managing director in its International Power Group. She will be in charge of the origination, analysis, structuring, valuation and execution of investments for the International Power Deal Team, the announcement says.
(USD 1.0 = EUR 0.906)