Sabadell Corporate Finance has exclusively advised Adelanta Corporación (hereinafter “Adelanta”) and Explotaciones Energéticas Sinia XXI (hereinafter “Sinia”) on the sale of 100% of the shares of the wind farm Veciana-Cabaro to funds managed by Avenue Capital and Exus Management Partners (hereinafter “Exus”). The transaction has been valued at € 42 million.

Veciana-Cabaro is a wind farm, located in Veciana (Catalonia, Spain), with a total of 29.27 MW installed wind energy capacity distributed in 18 wind turbines with 2,100 equivalent hours per year. The wind farm operates since January 2010.

Adelanta Corporación is a family owned business with a strong market position in the electric power generation and distribution industry. Sinia Renovables is a subsidiary of Banco Sabadell that acquires, manages and divests temporary shareholdings in companies in the renewable energy sector, with an emphasis on wind power.

Avenue Capital is a global investment firm headquartered in New York Citywith approximately 200 employees worldwide managing approximately $14.1 billion. Avenue Capital has invested over € 8,204 million in European companies in the last 10 year. Exus is an independent operator and investor in the renewable energy sector with a group of professionals with a deep knowledge in the wind energy sector.

Transaction Team

Ignacio Mestres del Valle and Jose Luis Zubizarreta


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