Founders have sold Isotrol to Tikehau Capital

Isotrol

Isotrol is a leading provider of software solutions for renewable energy asset performance management (APM), optimization of grid management and electricity trading based in Seville, Spain. Isotrol maintains long-term, sticky relationships with large independent power producers (IPPs), utilities and yield companies (yieldcos), and monitors more than 130 gigawatts in more than 45 countries.

The Deal

Founded in 1984 by Beltrán Calvo, Isotrol is a pioneer in developing APM software solutions for the renewable energy market, having become a reference in the digitalization and transition of the energy mix towards renewable energies with global utilities IPPs and yieldcos. The shareholders mandated Lincoln International to search for a new partner that would allow Isotrol to accelerate its international expansion.

Beltrán Calvo, Founder of Isotrol, commented, “Lincoln’s in-depth market knowledge, cross-border execution capabilities and true dedication to our company led to an outstanding outcome for Isotrol. Lincoln’s mergers and acquisitions (M&A) experience in the renewable energy software space, relationship with key players and thoughtful advice has allowed us to find the ideal partner for Isotrol that will support the next ambitious phase of the company.”

Our Perspective

Iván Marina, Managing Director and Chief Executive Officer of Lincoln Spain, commented, “With this transaction, Tikehau Capital takes an active role in the ongoing consolidation of APM software solutions for the renewable energy market, a massive global market with accelerating growth in early innings of digitalization, and Isotrol successfully transitions from a family-owned company to an international private equity-backed platform with strong global growth ambitions.”

Matt Kessler, Managing Director in Lincoln’s Technology, Media & Telecom Group, added, “Together with our recently advised transactions for Nispera and PowerFactors, Lincoln continues to solidify our position as a leading advisor in the renewable software sector across our global platform.”

Tikehau Capital

Tikehau Capital is a global alternative asset management group with €37.5 billion of assets under management (as of September 30, 2022). Tikehau Capital has developed a wide range of expertise across four asset classes (private debt, real assets, private equity and capital markets strategies) as well as multi-asset and special opportunities strategies. Tikehau Capital is a founder-led team with a differentiated business model, a strong balance sheet, proprietary global deal flow and a track record of backing high quality companies and executives, seeking to create long-term value for its investors, while generating positive impacts on society.

Deeply rooted in the real economy, Tikehau Capital, leveraging its strong equity base (€3.1 billion of shareholders’ equity at 30 June 2022), invests its own capital alongside its investor-clients within each of its strategies. Controlled by its managers alongside leading institutional partners, Tikehau Capital is guided by a strong entrepreneurial spirit and DNA, shared by its 739 employees (as of September 30, 2022) across its 14 offices in Europe, Asia and North America. Tikehau Capital is listed in Compartment A of the regulated Euronext Paris market (ISIN code: FR0013230612; Ticker: TKO.FP). For more information, please visit www.tikehaucapital.com.

Share: