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EFG Hermes' Vortex Energy sells controlling stake in 365MW UK solar portfolio to TNB valuing the portfolio at cGBP500m

EFG Hermes' Vortex Energy sells controlling stake in 365MW UK solar portfolio to TNB valuing the portfolio at cGBP500m

Vortex Energy, a global renewable energy platform managed by Beaufort Investments, a subsidiary of the private equity arm of EFG Hermes, has completed the sale of its controlling and managing stake in Vortex Solar (Vortex III), a 365MW solar PV portfolio, acquired in 2017 from TerraForm Power, at an enterprise value of cGBP500 million.

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Private equity employment totalled 10.5 million people in 2018, adding jobs five times faster than European average

Private equity employment totalled 10.5 million people in 2018, adding jobs five times faster than European average

A total of 10.5 million people were employed at 22,659 private equity backed businesses in Europe at the end of 2018 – according to the first Private Equity at Work report from Invest Europe, an association representing Europe’s private equity, venture capital and infrastructure sectors, as well as their investors.