Ardian in Talks to Acquire Akuo for Approximately $2.5 Billion

Credit: Akuo Energy

Private equity firm Ardian is reportedly in advanced discussions regarding a potential of French renewable power producer and developer , with a deal valuation of about $2.5 billion (EUR 2.31 billion), including debt, according to Bloomberg.

Sources indicate that Ardian has commenced due diligence on Akuo, and a final agreement may be reached as early as December. However, insiders caution that the deal remains uncertain.

Akuo specializes in , wind, and energy storage, boasting a portfolio of over 1.8 GW of power in operation and under construction worldwide as of January. In early October, the company initiated a crowdfunding campaign to expand its recently inaugurated Santas solar farm in Portugal's region to a capacity of 225 MWp.

Founded in 2007 by Eric Scotto and Patrice Lucas, the Paris-based firm is backed by ICG Infra, the fund managed by Intermediate Capital Group (ICG).

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