Company Legal Partners advises on a pre-IPO capital increase of €19m by ID Energy

Company Legal Partners has advised ID Energy, a vertically integrated Spanish renewable energy group, on a €19 million pre-IPO capital increase fully subscribed by Pangram Capital and Growth Partners Capital.

The Company Legal Partners team included Elena Company, Ángela Martínez and Carlos Ochoa.

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 a major player in the renewable energy sector, having been recognized 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 of Alantra and head of ECM, added: “We are pleased to have helped ID Energy and its shareholders raise capital through a pre-IPO round. In an environment where capital markets remain closed to issuers, this transaction reflects our commitment and flexibility to offer solutions to our clients regardless of market conditions.”

ID Energy is seeking funds to accelerate the growth of its portfolio, before ultimately seeking to go public through an IPO. Alantra conducted a highly competitive process with several financial sponsors, receiving strong interest from several candidates. In 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 phase.

Julia Gil