Hg forays into solar with Spanish deal

UK private equity firm HgCapital has made its first solar energy investments by buying a portfolio of three Spanish solar energy plants in a deal that gives the businesses a combined enterprise value of €300m ($393.7m).

Hg bought the stakes from AIG Financial Products, a subsidiary of bailed-out insurer AIG, and Spanish investment bank 360 Corporate for an undisclosed sum.

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