to-the-point: Centerbridge reportedly cooking up Senvion IPO
Senvion wind turbines. Source: Senvion SE 2014. License: All rights reserved.
US buyout firm Centerbridge Partners LP is preparing for a potential initial public offering (IPO) of German wind turbine maker Senvion SE, Reuters reported.
Citing knowledgeable sources, the news agency said that Centerbridge could also choose to directly sell the company or keep it, but the IPO is the most likely move. The listing may value Senvion at about EUR 1.5 billion (USD 1.6bn/EUR ), the two sources have said.
According to the report, the buyout company is working with JP Morgan and Deutsche Bank on the matter.
Centerbridge in April this year wrapped up its EUR-1-billion takeover of Senvion SE from Indian sector player Suzlon Energy Ltd (BOM:532667).