has acquired a 60% interest in ILOS New Energy, a pan-European renewable-energy independent power producer (IPP), from the company鈥檚 founders and Omnes Capital.
AXA IM Alts is investing an unspecified amount for its stake in a deal expected to help ILOS grow its platform with its founders and management, as Omnes Capital exits its investment.
ILOS, based in Karlsruhe, Germany, was founded in 2018. Omnes Capital, a European private equity investor focused on the energy transition, has .
ILOS has a pipeline of around 5GWp of solar photovoltaic projects across seven European countries.
Mark Gilligan, head of infrastructure at AXA IM Alts, said: 鈥淎t AXA IM Alts, we invest our clients鈥� capital with an investment strategy of focusing on Europe, diversifying across sectors and across the risk spectrum, and scaling and transitioning infrastructure to reach zero carbon dioxide emissions before 2050.
鈥淲e invest through an evergreen format so we can inject capital to scale platforms over time. ILOS, as an established pan-European solar developer and IPP, will give us access to high-growth, low-cost, zero-carbon electricity generation. We look forward to working with the founders to grow its fleet as it transitions to an increasingly sophisticated independent power producer.鈥�
Nikolaus Krane and Michael Winter, founders of ILOS, said: 鈥淲e are delighted to have found a partner in AXA IM Alts that shares our vision for the growth of the ILOS platform. Throughout this process they have impressed us with their long-term, hands-on and holistic investment strategy.
鈥淲ith their strong support, we will continue to expand our installed capacity and portfolio across Europe. The investment not only validates ILOS鈥檚 proven track record in renewable energy but also reflects AXA IM Alts鈥� confidence in our team. It positions us to successfully execute our strategy of becoming a leading pan-European renewable energy IPP 鈥� actively contributing to the EU鈥檚 energy independence and sustainability goals.鈥�
Yannic Tr眉b, partner at Omnes Capital, said: 鈥淪ince we came on board, we have worked hand in hand with the ILOS team to transform the company from a developer into a fully-fledged renewable-energy platform and IPP of meaningful scale.
鈥淗aving deployed our allocated investment amount and achieved our value-creation plan, we believe now is the right time to exit and are confident AXA IM Alts and the founders will be very successful going forward.鈥�
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