Omnes has announced a 15 per cent investor net IRR on its EUR134 million Capenergie 2 fund, which is focused on renewable energy and launched in 2010.
The value-add infrastructure fund ranks among the top performers in the sector in Europe; generating an investor net multiple of 2x.
Omnes is a pioneer in the energy transition sector, with the launch of its first fund in 2006 and EUR1.3 billion in assets under management in this field.
The purpose of the Capenergie funds is to invest in independent power producers across Europe, providing them with private equity growth capital.
The Capenergie fund management team is multidisciplinary and brings together six nationalities. Over nearly 15 years it has completed more than 40 deals and developed a unique network of independent power producers in Europe.
The Capenergie Funds’ unique value-add strategy is to invest in European independent power producers to increase their organic or external growth capacity and boost market share. In terms of technology, the Capenergie funds target the most competitive renewable energy projects in their area. Wind, solar and hydro-electricity are therefore favoured. Capenergie funds operate in Europe, in countries requiring new means of production and in regulated and non-regulated markets.
The successor fund, Capenergie 4 (target size: EUR500 million), which is expected to launch in Q3 2019, will continue to implement this value-add strategy that made the previous vintages so successful and differentiated among its peers.
Serge Savasta, Managing Partner at Omnes, says: “For nearly 15 years, we have followed the same approach of developing critical-sized renewable energy production platforms in Europe. The success of Capenergie 2 confirms the relevance of our value creation strategy that combines private equity and infrastructure.”
