Actis Acquires BioTherm Energy from Denham Capital
Posted On: 01 Aug 2019 | Source: Actis, Denham Capital
Global growth markets investor Actis has acquired South Africa-based renewable energy provider BioTherm Energy from Denham Capital, a global energy-focused private equity firm. BioTherm, which currently manages a 288-megawatt portfolio of wind, solar, and biogas projects in operation and under development, plans to partner with Actis to grow its operations across Africa. Denham originally invested ZAR1.5 billion (approximately USD147 million) in the company in 2008 through its fifth fund. Financial details of the transaction were not disclosed.