Prime Capital acquires project rights for its contemplated Green Energy Infrastructure Fund from Wallenstam

October 17, 2019

Frankfurt, 16 October 2019

Wallenstam and Prime Capital are pleased to announce the acquisition by Prime Capital of 100% of the share capital of the wind power company Andmyran Vind AS (Andmyran).

Andmyran is a fully permitted onshore wind project located on Andenes, Andøy Municipality, approximately 170 km away from the city of Harstad, in the Nordland county of Norway. The project holds a concession for an installed capacity of up to 160MW. Construction works will start as soon as possible. The wind farm will be located in the same region and price area as project Nordlys, an onshore wind project developed, built and managed by Prime Capital, and could benefit from operating synergies.

Prime Capital acquired the rights for its new Green Energy Infrastructure Fund, which is scheduled to reach first closing in the first half of 2020.

Swedbank Corporate Finance Norway acted as financial advisor to Wallenstam. Legal advisors were Thommessen for the sell side and Simonsen Vogt Wiig for the buy side.

About Wallenstam:
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Wallenstam AB is a Swedish real estate company, which also has a portfolio of wind power projects that supplies parts of its real estate with renewable energy. The company owns more than 200 properties and over 60 wind turbines. The company employs more than 250 people in Sweden. The Wallenstam share is listed on Nasdaq Stockholm, the market capitalization as of 30 June 2019 was SEK 32 billion.

About Prime Capital:
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Prime Capital AG is an independent asset management firm and financial services provider, focusing on institutional clients. The company specializes in Alternative Investments, in particular in Absolute Return, Infrastructure Investments and Private Debt. Furthermore, the company offers Asset Management Outsourcing and Access Solutions. Prime Capital was founded in 2006, currently employs more than 80 people in Frankfurt, Luxembourg and London and is regulated by BaFin and CSSF.
As of June 2019, Prime Capital has approximately EUR 15.1 bn Assets under Management, managed and administered.

About Prime Capital
——————————
Prime Capital AG is an independent asset management firm and financial services provider, focusing on institutional clients. The company specializes in Alternative Investments, in particular in Absolute Return, Infrastructure Investments and Private Debt. Furthermore, the company offers Asset Management Outsourcing and Access Solutions. Prime Capital was founded in 2006, currently employs more than 80 people in Frankfurt, Luxembourg and London and is regulated by BaFin and CSSF.
As of June 2019, Prime Capital has approximately EUR 15.1 bn Assets under Management, managed and administered.

For additional information, quotes or requests please contact:

Prime Capital AG
Werner Humpert
Tel: 0049 69 9686 984 35
werner.humpert@primecapital-ag.com
www.primecapital-ag.com

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