Rivean Capital Amasses $1bn to Extend Hold on Solar Business

Rivean Capital, formerly Gilde Buy Out Partners, is nearing a deal that would give the Dutch firm more time and capital to continue to grow a portfolio company operating in the renewable energy sector.

The Dutch private-equity firm initially backed Esdec Solar Group in 2018 out of a €1.1 billion buyout fund the firm raised in 2015.

The firm, which will be sharing their insights at the Swiss Private Equity Conference, has amassed around €1bn, the equivalent of $1bn, for a so-called continuation vehicle to recapitalize its stake in Esdec Solar Group B.V. out of one of its older flagship buyout funds, according to several people familiar with the matter.

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With offices in Belgium, Germany, Italy, the Netherlands, and Switzerland, Rivean has taken a local-for-local approach to delivering creative growth solutions for aspiring business leaders for four decades. As one of the most established private equity firms in Europe, the team manages over €3bn of assets and has completed more than 250 investments.

The company was founded in 1982 and specialises in the European mid-market segment. Its sweet spot enterprise value is between €100m and €500m.

Source: Wall Street Journal

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