ILOS Projects Acquired | Energy M&A Deal

ILOS Projects has completed the upsizing of its structured credit facility, a renewable energy business in Europe, for $529 million. The pan-European independent power producer develops and operates solar energy and battery energy storage projects, supporting renewable energy acquisition and project financing across Ireland, the U.K., Italy, and Germany. The expanded facility from EIG and La Caisse follows an initial €250 million tranche and is intended to fund construction equity and the acquisition of ready-to-build assets targeting more than 2 GW by 2028. The other acquisition-style financing strengthens ILOS’s private equity acquisition strategy and portfolio scale, with Akereos Capital as structurer and exclusive debt advisor and legal counsel including A&O Shearman, Milbank, and others.