Bridgepoint to Buy 11 Wind Farms from ACS in Spain

15 August 2011 (Last Updated August 15th, 2011 18:30)

Bridgepoint has agreed to purchase a portfolio of Spanish wind energy assets from Auxiliar de Construcción y Servicios (ACS). The company will acquire the wind farms in Castilla Leon, with a 443MW installed capacity, for €596.5m ($815m). As a part of this transaction

Bridgepoint has agreed to purchase a portfolio of Spanish wind energy assets from Auxiliar de Construcción y Servicios (ACS).

The company will acquire the wind farms in Castilla Leon, with a 443MW installed capacity, for €596.5m ($815m).

As a part of this transaction, Bridgepoint has appointed Josu Arlaban, the former CFO of Acciona, as the CEO of the company.

Citi and 360 Corporate, KPMG, BCG, Allen & Overy and Marsh acted as the advisers for Bridgepoint in this transaction.