In February 2023, EV Chargers secured £165 million of development capital from Denham Capital Management. The investment will accelerate EV Chargers’s ambition to deliver up to 1,00,000 EV charge points across the UK by 2027. EV Chargers provides electrical vehicle charging services intended for the electric automobile sector
In February 2023, Denham Capital Management acquired Solops for $200 million. Under the agreement, Denham will support the growth of the business, including the execution of Solops’ 800+MW pipeline of projects. Solops is a premier developer, financier, and owner and operator of solar PV projects in the commercial and industrial sectors throughout the US
In April 2022, Denham Capital Management acquired Rushmore Resource Partners for an undisclosed amount. In support of the transaction, Arvest Bank, Cathay Bank, Citizens Bank, Commerce Bancshares, and Regions Financial provided a revolving credit line of $175 million. Rushmore Resource Partners specializes in the acquisition and operation of mature-producing properties in North America
In November 2021, Breitener Energetica, a manufacturer and supplier of clean electricity products was acquired by Ceiba Energy, via its financial sponsor Denham Capital Management, through a R$304 million LBO
In Jan 2020, Denham Capital invested $250 million in Latin American firm Ceiba Energy, owner and developer of power generation assets. The investment aimed at allowing Ceiba to expand its portfolio of power projects in the region, where it currently controls over 50 installations including renewable and gas-fired power plants
In Dec 2019, Denham Capital acquired 94% equity in Song Giang Hydropower JSC, which owns two hydropower projects in Vietnam with a combined 49MW of capacity. The value of the deal or details of any related power purchase agreements weren’t disclosed
In Mar 2019, Themis, an Africa-focussed power company backed by Denham Capital formed a partnership with Kingline Development Nigeria Limited (Kingline) to develop a 550MW natural gas-fired power plant in Ondo State, Nigeria
In Mar 2018, Denham Capital teamed up with Themis to create a platform to make €250 million equity investments in natural gas and renewable power generation assets across Africa
In Jan 2018, Jenner Renewables, a portfolio company of funds managed by Denham Capital announced the financial close on a portfolio of 12 solar projects in Chile totalling 146MW. Built in two phases, the portfolio’s first phase totals 46MW and reached commercial operations in Q3 2018 while its second phase, totalling 100MW reached commercial operations by Q1 2019
