Actis, a leading global investor in sustainable infrastructure, has today announced the signing of definitive transaction documents for the acquisition of a controlling stake in Yellow Door Energy Limited. Yellow Door Energy is the leading distributed Commercial & Industrial (“C&I”) solar platform in the Middle East and Africa (“MEA”) region with around 200MW of secured production capacity. Closing of the transaction remains subject to obtaining the relevant regulatory approvals. YDE has one of few operating C&I portfolios of scale in the region with 106MW in operation and 104MW awarded and under construction. The company has key existing relationships with a large customer base of over 50 companies, including sought after blue-chip businesses such as Nestlé, Majid Al Futtaim, DHL, Mondelēz and Unilever.
Investment in Yellow Door Energy is part of IFC’s global strategy of working with early-stage companies and promoting affordable, reliable, and clean energy in emerging markets. Actis has recently successfully realized three major energy investments in Latin America – the largest independent renewable energy platform in Brazil, the largest renewable energy IPP (independent power provider) in Chile and a leading IPP in Mexico. Actis were advised by HSBC as sole financial advisor and Clifford Chance as international legal counsel on this transaction. Yellow Door Energy were advised by Cantor Fitzgerald as sole financial advisor and White & Case as international legal counsel.