London, England February 24, 2016 – The Silverfern Group, a leader in non-traditional global direct investment, today announced that it has completed the acquisition and take-private of APR Energy plc, a global leader in the provision of large scale temporary electric power generation solutions and the world’s leading provider of fast-track, mobile turbine power, in partnership with ACON Investments, Fairfax Financial Holdings Limited, Albright Capital Management, and APR Management.
Following completion of the investment, Silverfern Co-Managing Partner Clive Holmes said: “Silverfern is pleased to partner with ACON, Fairfax and Albright in the acquisition of APR Energy, the only global power provider that specializes in turn-key turbine solutions. Following this take-private, we believe the Company will again be well capitalized to execute its growth strategy, and we look forward to actively contributing to this investment.”
“This is a significant milestone in the evolution of APR Energy,” said John Campion, APR Energy’s Founder. “We are pleased to be working alongside a group that truly understands our business and our market – and that shares our longer-term vision. Our new investors bring significant strategic value to our business, including global relationships, a sophisticated understanding of international finance and extensive experience investing in global power markets. Their significant investment reflects a strong belief in our business, our market and our management team, and we expect them to be great partners as we grow the Company and continue to serve our expanding base of global customers.”
“This transaction clearly makes us stronger, and will pay down debt, increase working capital and enable us to approach the longer term with renewed confidence.”
An affiliate of Silverfern had previously invested growth equity into APR Energy in 2011, which resulted in a successful listing on the London Stock Exchange in less than one year. In 2015, the Company operated a power generation fleet of over 2,000MW, and had operations in over a dozen countries.
The Acquisition of APR Energy represents Silverfern’s fourth platform investment and sixth global investment in the past 14 months.
About APR Energy
APR Energy is a global leader in large-scale, fast-track power solutions, providing customers with rapid access to reliable electricity when and where they need it. APR Energy combines state-of-the-art, fuel-efficient technology with industry-leading expertise to provide turnkey power plants that are rapidly deployed, customizable and scalable. Serving both utility and industrial segments, APR Energy provides power generation solutions to customers and communities around the world, with an emphasis on Africa, the Americas, Asia-Pacific and the Middle East. For more information, visit the company’s website at www.aprenergy.com
Founded in 2001, Silverfern is one of the largest and most successful family office investment clubs in the world. Silverfern invests on behalf of more than 65 of the world’s largest and most sophisticated multi-billion-dollar single family offices, and has a global exclusive partnership with the Citibank Private Bank. Through its offices in New York, Amsterdam, Frankfurt and Sydney, Silverfern makes non-traditional, direct, co-control and minority investments in middle market private equity and real estate investment opportunities globally. Silverfern’s investment strategy seeks to mitigate systemic risk in its portfolio by pursuing attractive risk-adjusted returns on a global basis, while at the same time seeking to manage local/market risk through its strategy to partner with non-traditional, local, investment partners on each of its investments. Silverfern is amongst the few woman-owned, truly global middle-market, multi-asset-class, investment management firms in the world today, with resources akin to those of a strategic, local investor.
Additional information is available at www.silfern.com