Pioneer Point Partners acquires a majority stake in PerPetum Europe

Transaction summary

GHENT, 17 October 2023 – Pioneer Point Partners LLP (“Pioneer”), the London based sustainable infrastructure investment firm, has completed a new investment from its fund, Pioneer Infrastructure Partners SCSp (the “Fund”). The Fund has acquired a majority stake in PerPetum Europe N.V. (“PerPetum”), a leading Belgium-based company that develops, constructs, owns and operates decarbonization energy projects for Commercial and Industrial (“C&I”) customers. PerPetum’s portfolio includes some of Europe’s largest behind-the-meter projects, such as the 40MW solar PV carports at Pairi Daiza’s zoo and the 23MW ground, rooftop and carport installation at Aperam’s steel plant in Genk. The Fund will also provide growth capital to expand PerPetum’s presence further in Belgium and into other European markets such as France. The investment is strongly aligned with Pioneer’s sustainable objective of contributing to the energy transition.

Financial details of the transaction are not disclosed.

Press release: Pioneer Point Partners

Emendo Capital acted as financial adviser to Pioneer Point Partners with support of Belgium partner Kumulus Partners.

About PerPetum Europe

Founded in 2007, PerPetum is a leading Belgium-based company that develops, constructs, owns and operates decarbonization energy projects for C&I customers. PerPetum has core expertise in solar PV where it has installed over 500MW of capacity. There will be 200MW solar PV owned on balance sheet by the end of 2024, operating under tailor-made corporate power purchase agreements. PerPetum is increasingly focussed on the provision of multi-technology solutions for C&I customers including onshore wind, battery storage and EV charging infrastructure. PerPetum has built some of the largest energy decarbonization projects and has long-standing experience in building complex and top-quality projects throughout the Benelux and in several other countries in Europe.

For additional information on PerPetum Europe, visit https://www.perpetumenergy.com/

About Pioneer Point Partners

Established in 2008, Pioneer Point Partners is a leading European sustainable infrastructure investor that has made 16 investments and committed over €1.4 billion to date. Pioneer is led by its five partners, with over 110 years’ collective private equity investment experience across Western Europe. Since inception, Pioneer’s strategic approach has exclusively targeted the European lower mid-market, value-add sustainable infrastructure sector and, particularly, in the energy transition and environment sectors.

For additional information on Pioneer Point Partners, visit https://pioneerpoint.com/