EU okays Cinven's investment in Amara NZero

The European Commission (EC) today approved without conditions UK buyout firm Cinven’s agreement to buy a majority stake in Madrid-based energy transition products and services provider Amara NZero from private equity firm ProA Capital.

The go-ahead was granted as the proposed investment is not expected to harm competition given the limited market position the transaction parties will have upon completion, the EU merger regulator noted in a statement.

The deal, which was inked in April, was filed for approval in the EU at the beginning of July.

Amara NZero offers a broad portfolio of services, including among others, the provision of photovoltaic (PV) solutions, spare parts and safety for wind turbines maintenance, and the supply of materials and services for the maintenance and operation of hydroelectric plants.

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