PARIS, FRANCE: Antin‘s Flagship Fund V, represented by GCE Bidco, has made a voluntary cash tender offer to acquire all shares of Opdenergy Holding S.A., a well-established renewable energy developer and producer.

The transaction, valued at EUR 866 million, signifies Antin’s commitment to supporting Opdenergy’s growth and its ambition to become a leading global renewable energy platform headquartered in Spain.

Key Highlights:

• Shareholders of Opdenergy will be offered €5.85 per share in cash, representing a premium of 46% over the last undisturbed price.
• The transaction is supported by Opdenergy’s founder shareholders and current CEO, who collectively hold approximately 71% of the company’s shares and have provided irrevocable undertakings to sell their shares to the Offeror.
• Upon successful completion of the tender offer, Opdenergy intends to delist from the Spanish stock exchange.
• Two of the founder shareholders will reinvest part of the proceeds in GCE BidCo, holding up to 10% each of the share capital after settlement of the tender offer.
• Antin plans to actively contribute capital and expertise to support Opdenergy’s development and growth as it strives to become a key player in the renewable energy sector.
• Antin’s investment in Opdenergy aligns with Spain’s net-zero ambition and reinforces the company’s commitment to the energy transition sector.
• Opdenergy’s headquarters will remain in Spain, and Antin will work closely with the existing management team to capitalize on future opportunities.

Antin’s Perspective: Stéphane Ifker, Senior Partner at Antin, expressed enthusiasm about supporting Opdenergy’s growth story and contributing to Spain’s energy transition. Antin’s track record in driving growth and extensive experience in the energy sector positions them to provide valuable support to Opdenergy.

Opdenergy’s Profile: Opdenergy is a vertically-integrated independent renewable energy developer and producer with a diversified portfolio of projects globally. The company has 904 MW of operational capacity, 951 MW under construction and pre-construction, and a proven track record in developing renewable energy projects across multiple countries.

Antin’s Expertise: Antin brings proven experience as a long-term investor in the energy sector, working collaboratively with management teams to create sustainable long-term value. Antin’s involvement extends beyond financial support, as they actively participate in strategic planning and business development through their board representation.

Antin’s Flagship Fund V’s voluntary tender offer to acquire Opdenergy Holding S.A. represents a significant step in the expansion of the renewable energy sector in Spain. The partnership between Antin and Opdenergy aims to accelerate the energy transition and contribute to the decarbonization of the Spanish economy while leveraging Opdenergy’s established position in the renewable energy market.