Private equity giant Terra Firma pocketed £234m after selling a 30 per cent stake in Infinis Energy (INFI), Britain’s largest producer of renewable energy, last November. £37m of IPO-related costs plunged the landfill gas (LFG) and wind farm operator into the red last year. But underlying cash profits actually grew by 18 per cent to £148m, and the company remains on target to add a big chunk of additional capacity by 2017. It looks set to fulfil its dividend promise, too, which would give a prospective yield of 8 per cent.
To continue reading, register today
to enjoy limited access to the following:
- Daily trading news
- Funds coverage
- Features on big investment themes
- Comprehensive companies coverage
- Economic analysis