First Reserve, the buy-out group specialising in energy investments, on Monday announced plans to invest €600m ($938m) in a solar energy company it created through recent acquisitions in Spain and Italy. The deal underlines how the surging oil price has fuelled continued growth in deals in the energy sector and also highlights strong buy-out interest in renewable energy investments. First Reserve, aims to raise about $12bn for a new fund after nearly exhausting its existing $8bn fund, accounted for more than a quarter of buy-out deal volume in North America and Europe since August.

This entry was posted by Gwen Robinson on Tuesday, April 29th, 2008 at 5:27 and is filed under Capital markets, M&A, Private equity. Tagged with first reserve. Edit this entry.