M&As this week: Tennenbaum Capital Partners, ShaMrocK Wind, Aida Minerals


Tennenbaum Capital Partners and Goldman Sachs have completed an acquisition of the Singapore-based renewable energy company Conergy Asia & ME and its subsidiaries from Kawa Solar Holdings.

Tennenbaum Capital is engaged in alternative investment management, while Goldman Sachs is a financing business.

ShaMrocK Wind has reached an agreement to acquire a 60% stake in windpower generating company Evalair.

ShaMrocK Wind is a joint venture company formed by the subsidiaries of Sojitz Corporation, Mitsubishi UFJ Lease & Finance, and Kansai Electric Power.

Sojitz, Mitsubishi UFJ, and Kansai Electric Power will own 29.3%, 6.7%, and 24% stake respectively in Evalair following the transaction.

"Aida Minerals intends to acquire up to a 25% stake in Canadian renewable energy company Carbon Neutral Power Partners (CNPP)."

Evalair is currently supplying electricity generated from renewable sources to the Irish power market from its five windpower plants, which have a combined generating capacity of 223MW.

Aida Minerals intends to acquire up to a 25% stake in Canadian renewable energy company Carbon Neutral Power Partners (CNPP) for approximately £60m ($78.66m).

Aida Minerals proposes to use a combination of preferred shares and debt for the acquisition.

CNPP is currently working on the Corby UK waste-to-energy facility, which will generate exportable power from the processing of fuel derived from refuse.