Deals
I Squared Said to Explore Sale of Irish Power Firm Viridian
- Private equity firm gauging interest from potential buyers
- I Squared bought Viridian for about 1 billion euros in 2016
A power station operated by Energia Group, a unit of Viridian Group Ltd.
Photographer: Aidan Crawley/Bloomberg
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I Squared Capital, the private equity firm led by former Morgan Stanley executives, is considering a sale of Irish power producer Viridian Group Holdings Ltd., people with knowledge of the matter said.
The infrastructure-focused investment firm is sounding out potential buyers to gauge their interest in Viridian, said the people, who asked not to be identified as the information is private. I Squared acquired Viridian for about 1 billion euros ($1.2 billion) in 2016, the people said.