Inaki Echave will join Blackstone as a managing director, with primary responsibility for Spain and Portugal. Echave was most recently a partner with Magnum Capital, an independent buy-out fund on the Iberian Peninsula. He will work alongside Claudio Boada, Blackstone’s chairman for Iberia.
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LISBON (Reuters) – A group of investors led by Iberia’s leading private equity firm has bought Portugal’s largest wind power business, Enersis, from Australian investment company Babcock & Brown Ltd (BNB.AX) for 1.2 billion euros. Magnum Capital will take over a portfolio of wind farms with installed capacity of 515 megawatts and 156 megawatts under [...]