French asset manager and investor Eurazeo has sold its entire stake in Reden Solar for €633 million, quadrupling what it invested back in 2010.
Reden Solar has an operational portfolio of more than 750MW of solar PV, which has grown rapidly in the last decade and continues to do so.
Eurazeo helped to take the company worldwide, with heavy investment particularly in Greece, Italy and Spain.
The sale was completed with an estimated value of Reden Solar now being close to €2.5 billion.
A consortium led by Macquarie Asset Management and British Columbia Investment Management Corporation has purchased the assets.