Henko Capital Partners, a Spanish private equity firm, acquires Revergy investing in the strong growth of the renewable energy market and consolidating Revergy’s market position as a leading specialist in high-value services for wind and solar parks.
Revergy offers a portfolio of services across several phases of the life-cycle of an asset. The service offering covers detail and owner’s engineerin, asset management, and operation and maintenance (“O&M”). In addition to its business in Spain, the Company has a consolidated presence in Chile, Mexico and Colombia and it is executing projects in other European countries (Italy, Portugal, Romania and Poland) as well as in the US.
The strategic goal is to consolidate Revergy’s presence across its core geographies in Europe, Latam and the US, and to build out its service portfolio with digital tools to optimize the management and performance of wind and solar parks.
This is the second investment by Henko Capital Partners in the energy sector, confirming its commitment to promoting environment sustainability and in this case backing wind and solar energy sources.
The project will continue to be led by Iñigo Vázquez, founder and CEO of Revergy, who has more than 25 years of experience in the renewable energy sector and held executive positions at leading companies in the sector, such as GE Energy and Availon (now Vestas).
According to Iñigo Vázquez, “the Company is in a great position to take advantage of growing demand in renewable energy sources, and we believe that Henko is the right partner to accompany us in the next phase of consolidation. We are convinced that our excellent team of professionals and the our strong market position will be the fundamental drivers to achieve our long term strategic objectives.”
For Lars Becker, partner at Henko, “renewable energy sources will follow a very long-term growth trajectory. And Revergy’s specialized services and extensive experience gives it a unique positioning in this growth market. We want to support the management team in addressing the strategic expansion opportunities, in terms of geography and service portfolio. We also want to help Revergy to accelerate its growth through the acquisition of complementary businesses.”
Bird & Bird and Russell Bedford advised Henko Partners on this transaction, while Beel Infrastructure Partners and PWC advised Revergy’s vendors.
About Revergy:
Revergy, based in Seville, was founded as an independent service provider specializing in engineering, inspection, supervision and O&M services of wind and photovoltaic farms. It currently has 8,500 MW under management plus 3,000 MW in O&M, across 400 plants and accumulated experience in 15 countries globally, with about 400 staff.
About Henko Partners:
Henko Capital Partners is an independent private equity investor focused on supporting outstanding Spanish and Portuguese mid-cap companies in markets with long-term growth trends. The firm partners with strong entrepreneurs and management teams to develop successful businesses and actively engages with its portfolio companies to execute long-term growth plans. As entrepreneurs for entrepreneurs, Henko aims to support companies to accelerate growth and transform into more resilient and sustainable businesses. The team has over 25 years of investment experience and a strong execution track-record with over 30 closed transactions. Henko is a responsible investor committed to strict environmental, social, and good governance principles. We aim to contribute to the long-term success of our investors and to a sustainable society.
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