Bridgepoint to buy majority stake in Windar Renovables

• Orlando Alonso Villarón, Windar’s executive chairman and CEO, will take a minority stake in Windar
• The transaction is expected to close in the second half of 2023
• Bridgepoint is a listed international alternative asset manager focused on middle-market companies

Bridgepoint, via its Bridgepoint Europe VII, will acquire a majority stake in Windar Renovables, a global manufacturer of towers and foundations for onshore and offshore wind turbines.

Windar is headquartered in Asturias, Spain. The company operates ten manufacturing plants located in Spain, Brazil, India, and Mexico. It was owned by Grupo Daniel Alonso and Siemens Gamesa since inception.

No financial details of the transaction were disclosed.

Orlando Alonso Villarón, Windar’s executive chairman and CEO, will continue to hold his position and will take a minority stake in the company post transaction.

Siemens Gamesa will continue to be a strategic client for Windar in this next phase, according to a release.

“Windar is a company that is at the forefront of renewable energy development, with a leading position in the manufacture of wind towers and foundations, and ideally positioned for the increasing demand for wind energy, both offshore and onshore,” said Héctor Pérez, Bridgepoint Europe partner.

The transaction, is subject to regulatory approvals, is expected to close in the second half of 2023.

Bridgepoint is a listed international alternative asset manager focused on middle-market companies and is based in London.

Bridgepoint was advised by Citi, Uría, BCG and KPMG.

(Note: Bridgepoint owns PEI Group, the publisher of PE Hub Europe.)