Private equity-backed renewable energy company Infinis has revealed it plans to list at least 30 per cent of its shares through a London IPO next month.
UK private equity firm Terra Firma plans to sell down its stake in the business, one of the largest renewable power generators in the UK.
Rumours of a £1bn flotation in May 2012 came to nothing, although AltAssets sources who dismissed the speculation were clear that there was strong interest in an IPO from the banking community.
Having established itself largely in the waste-to-energy sector , the business has since diversified into both hydro and onshore wind and operates 147 power stations across the UK. It recently completed refinancing of its 274MW portfolio of operational wind farms with a senior secured term loan facility of approximately £296m along with ancillary facilities of some £33.5m.
Barclays, Deutsche Bank and RBC Capital Markets are running the IPO.
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