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.

Get the week’s top news delivered directly to your inbox – Sign up for our newsletter

Sign up

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

Can’t stop reading? Read more