The London-based private equity fund Arcus Infrastructure Partners (“Arcus”) has acquired a majority stake in Momentum Energy Group A/S (“Momentum”), a leading service provider in the renewable energy market. Momentum covers the entire value chain from investment and development of projects to operational and commercial asset management of solar and wind projects.
Momentum owns a portfolio of 169 onshore wind turbines with an installed capacity of approx. 130MW and a pipeline of new onshore wind and solar projects of approx. 600MW. Momentum has subsidiaries in Sweden and Germany.
Arcus is an asset manager, focusing exclusively on long-term investments in European infrastructure with a special focus on businesses in telecommunications, energy and transport. Momentum is Arcus’s first investment in Scandinavia. Currently, Arcus manages investments with an aggregate enterprise value of EUR 19bn.
Accura advised Arcus as a lead counsel in connection with the transaction.