HgCapital buys Swedish wind farm

HgCapital, a pan-European private equity investor, has acquired a 75% stake in Havsnäs wind farm in Sweden in a €185m transaction (US$289m).

The transaction is expected to make Havsnäs the largest onshore wind farm in Sweden and one of the largest in Europe, as well as being the largest energy project financing in the Nordic market.

HgCapital was advised by Vinson & Elkins, Deloittes and Obergs, RES by Mannheimer Swartling. The banks were advised by Norton Rose and Lindahls.