Bloomberg News

Platina Partners Sells Five U.K. Wind Farms to Exit Mistral Fund

June 20, 2013

Platina Partners LLP, a London-based investment company with about 500 million euros ($659 million) of equity under management, sold five U.K. wind farms to an investor it didn’t name.

The sale comprised the 20-megawatt Burton Wold park, the 15-megawatt Garves plant, the Pates Hill and Milton Keynes farms, each with 14 megawatts, and the 6-megawatt Winscales Moor venture, it said today in an e-mailed statement without disclosing terms.

With the sale Platina closed the Mistral Windfarm 1 fund it set up in 2005 to develop wind projects in the U.K. and France. The fund delivered a gross internal rate of return of more than 40 percent for investors, it said. Platina will continue to make acquisitions for its current funds, it said.

To contact the reporter on this story: Sally Bakewell in London at sbakewell1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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