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United Kingdom

United Kingdom

Infinis plans IPO

UK: Infinis Energy is to float on the London Stock Exchange in November, subject to market conditions.

The company operates Lissett Airfield wind plant in Yorkshire
The company operates Lissett Airfield wind plant in Yorkshire
The renewable energy firm, with a 274MW wind portfolio, is owned by the Terra Firma private equity vehicle.

Terra Firma said it will retain flexibility on the size of the stake to be sold but the firm indicated that it expects to float at least 30% of the company.

The offering is expected to raise up to £1 billion for the British wind power firm.

Over the last three years, group EBITDA has increased from £100 million in 2011 to £125 million in March 2013. Turnover saw a 19% rise over the same period.

The company said it is targeting a £55 million dividend in its first year.

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