IDCM advised Enpal on the sale of 90% of two of its largest existing portfolios consisting of 60,000 residential PV systems, 55,000 battery Storage systems and 30,000 EV charging units. The sale is the first of its kind at this scale and represents the largest residential PV system AssetCo portfolio sale in Europe.

IDCM played a significant role in updating the four financial models having previously built three of them during debt mandates.

Given IDCM’s previous involvement, IDCM played an important role in negotiating Change of Control with junior lenders and agreeing on new repayment terms.

A consortium of Equitix and Keppel Infrastructure Trust acquired the majority stake in the portfolio at an enterprise value of €1.6 billion.