Funding and M&A Roundup: DIF Capital to Acquire a 51% Stake in Solar Developer ib vogt
Sunnova prices a $155.8 million securitization of residential solar and battery loan agreements
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DIF Capital Partners (DIF), an independent infrastructure investment fund manager, through its fund DIF Infrastructure VI, has reached an agreement to acquire a 51% stake in ib vogt, a developer in utility-scale PV solar, from its current 100% shareholder (DVV). With a total capacity, built or in construction, of over 2.2 GW to date combined with a project development pipeline in excess of 40 GW, ib vogt continues to benefit from strong growth and is a leading global utility-scale solar PV development platform. DVV was advised by Marathon Capital, Ikarus Capital as well as Hogan Lovells International and AU VON POCHHAMMER Rechtsanwälte. DIF was advised by Evercore, Schenck Energy, and Ashurst.
