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    Home»Mergers & Acquisitions»Partners Group acquires District Heating Platform in Northern Europe
    Mergers & Acquisitions

    Partners Group acquires District Heating Platform in Northern Europe

    March 12, 20212 Mins Read
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    Partners Group, the leading global private markets firm, has acquired one of the largest district heating platforms (the “District Heating Platform” or “the Company”) in the Baltics, from Finnish energy company Fortum Corporation (“Fortum”).

    The Company, which operates across Estonia, Latvia and Lithuania, has 74 generation assets, which generate heat capacity of 881 MW and power capacity of 130 MW across 387 km of district heating networks. The District Heating Platform’s fuel is largely derived from renewable or recycled sources, mainly biomass.

    Growing demand for district heating is being driven by several transformative trends in the region, including fast-growing economies and urbanising populations, as well as rising support for sustainable energy initiatives. The Company’s sustainable heating services reduce reliance on conventional power sources, which will have broad positive stakeholder impact over the long term.

    Partners Group will work with the management team on a value creation plan that seeks to transform the company from a portfolio of attractive district heating assets into an independent customer-centric residential and industrial energy solutions provider. Partners Group will draw on its extensive experience in building out infrastructure platforms to grow the asset through new greenfield projects and targeted strategic acquisitions.

    Read more/Source: Private Equity Wire

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