It is understood that private equity and infrastructure funds are also running the rule over Mainstream, which is seeking non-binding bids by June 26th. The 12-year-old company hired investment bank Rothschild last December to find an equity partner to help finance the development of its pipeline of projects. Management and a group of high-net-worth individuals, most of whom first invested in 2008, hold the remainder. That valued the group at about €700 million. The expected close in the coming months of a financing of the second stage of the massive project will also play into how potential bidders value the group.

Source: The Irish Times June 19, 2020 04:30 UTC