Zak Bentley
The acquisition, backed by a £55m revolving credit facility, is the fund’s second-largest in the UK to date.
The pair have sold their respective stakes in Sweden’s Värmevärden following their initial investment in 2011.
The placing will be used to fund investments over the coming months as well as pay for the firm’s first deal in the US agreed last year.
Gresham House has secured capital from the Berkshire Pension Fund as an investor in both the company and the new vehicle.
The acquisition of the 44MW wind farm in northern France received debt financing from a French infrastructure fund.
While Infracapital has previously invested in British ports, the deal represents InfraVia’s first move in the sector.
The move would represent the listed fund’s first deal outside the onshore wind and solar sectors as it pursues a 20% portfolio diversification strategy.
After one of the Middle East's only dedicated renewable energy funds reached a first close last year, catalyst PE managing director Ennis Rimawi spoke to us about its plans for investment in the region.
The deal values the company at €3.7bn just a year after the Telefónica infrastructure subsidiary was formed.
The 497MW project will add to the company’s growing portfolio of offshore wind farms, which currently comprises 1.8GW of projects.