Alantra has advised the shareholders of ID Energy in a pre-IPO capital increase

Jul 2023

Pre-IPO Capital Increase

Madrid – Alantra has acted as the Sole Financial Advisor to the shareholders of ID Energy, a vertically integrated Spanish renewable energy group, in a €19m pre-IPO capital increase fully subscribed by Pangram Capital and Growth Partners Capital.

Founded in 2008, ID Energy Group has a development pipeline of more than 5.1 GW and a track record of more than 500 MW built in EPC for third party clients. ID Energy Group is consolidating its position as one of the top players in the renewable energy sector, having been recognised in 2019 – 2020 – 2021 by the British newspaper The Financial Times as one of the fastest growing European companies in the energy sector. So far, in 2023, ID Energy Group is developing 800 MW in solar energy, 600 MW in wind energy and 20 biomethane projects in Spain, with the rest of the pipeline in international markets.

André Pereira-Ambrosio, Managing Director and Head of ECM added: “We are pleased to have helped ID Energy and its shareholders in raising capital via a pre-IPO round. In an environment where the capital markets remain closed for issuers, this transaction reflects our commitment and flexibility to providing solutions for our clients regardless of market conditions.”

ID Energy is seeking funds to expedite its portfolio growth, before ultimately attempting to go public via an IPO. Alantra conducted a highly competitive process with several financial sponsors, receiving strong interest from several candidates. At the end, ID Energy’s shareholders decided that a combination of Pangram Capital and Growth Partners Capital was the best option to join its shareholder structure during this pre-IPO stage.