- Published: 11 October 2016 11 October 2016
Doughty Hanson, the European private equity firm, has announced that they have agreed to sell their stakes in LM Wind Power to GE for an enterprise value of €1.5 billion. The transaction is expected to close in the first half of 2017, subject to regulatory approvals.
LM Wind Power has a global manufacturing footprint of 13 sites in eight countries across four continents and continues to expand. For the first half of 2016, the Company reported sales of €491 million and EBITDA of €87 million which represented year-on-year growth of 40% and 81% respectively. Doughty Hanson originally acquired the Company from its founder in May 2001.