Augusta & Co is delighted to have acted as exclusive financial adviser to DIF Capital Partners as manager of DIF Fund VII (together “DIF”) on its investment in Alight AB (“Alight”), one of Sweden’s leading grid-scale and behind-the-meter solar developers.
DIF will acquire a majority stake in Alight through a combination of a €150m committed investment and a secondary buy-out of a number of existing shareholders. The newly raised capital will be used to build out and retain ownership of projects going forward and aid the transition of Alight into an integrated solar IPP.
Charlie Hodges, Partner at Augusta & Co, commented: “This partnership cements Alight’s status as one of the leading Nordic solar platforms and gives it the firepower to scale and hold assets into operation. The structure is innovative, combining liquidity for Alight with downside protection for DIF and provides a template for how forward thinking infra funds can directly access developers.”
Harry Gibson, Managing Director at Augusta & Co, said: “We congratulate DIF and Alight on this important milestone and we were pleased to support DIF once again in their strategy to invest in renewable energy assets and platforms alongside leading management teams.”
Gijs Voskuyl, Partner at DIF and Head of Investments for DIF Infrastructure VII said: “We thank the Augusta team for the significant role they played in helping us optimise the structure and their support from start to finish in getting this deal over the line.”