Denham Capital Sells Its Stake in Global Solar Development Company (Global)
Source: Denham Capital
Global energy-focused private equity firm Denham Capital has sold its stake in Fotowatio Renewable Ventures (FRV), a global solar development company with a portfolio spanning Australia, the Middle East, Africa and Latin America, to Abdul Latif Jameel Energy and Environmental Services, the energy and environmental services arm of Saudi Arabia- and Dubai-based conglomerate Abdul Latif Jameel. Qualitas Equity Partners, a Spain-focused investment management firm, and founding shareholders of FRV also exited in the transaction. Financial details of the transaction were not disclosed.