Treïs Group and Ernst Rosén have sold their combined majority stake in Rabbalshede Kraft, the leading Independent Power Producer (IPP) in Sweden.
Existing shareholder TD Greystone Infrastructure Fund acquired the 50.8% stake to become the majority owner with an 86.9% holding.
The remaining shareholders are made up of local companies and private individuals.
Based in Rabbalshede and with offices in Gothenburg and Stockholm, Rabbalshede Kraft is one of only a few Nordic IPPs and owns and operates 255MW of onshore wind assets in southern Sweden, with a further 100MW under construction.
The company is also developing a pipeline of over 1GW across the country.
Augusta & Co advised on the sale.
Treïs principal Cian McComb said: “We are very pleased with the conclusion of this transaction which delivers both a great result for the selling shareholders and at the same time a powerful growth engine for the Rabbalshede Kraft management team.
“The process attracted a wide range of investor interest drawn to this rare opportunity to acquire a Nordic IPP.
“This breadth of interest combined with the compelling growth strategy developed by the company has delivered a great outcome for all involved.”