VEHICLES IN MANAGEMENT

Private Equity fund that seeks to generate value for its investors by taking temporary stakes in the equity of non-real estate and non-financial companies which, at the time of taking a stake, are not listed on the first stock exchange market or on any other equivalent regulated market in the European Union or in the other member countries of the Organisation for Economic Cooperation and Development, and which develop projects for the construction and operation of photovoltaic plants of five (5) or more megawatts (‘MW’) and which are located in Spain.

A Private Equity fund that seeks to generate value for its investors by taking temporary stakes in the capital of non-real estate and non-financial companies which, at the time of taking a stake, are not listed on the first stock exchange market or any other equivalent regulated market in the European Union or the other member countries of the Organisation for Economic Cooperation and Development, and which are developing photovoltaic plant projects located in Spain and Portugal.

These projects will have obtained or will be in the process of obtaining the authorisations, permits and licences, of whatever nature, that are necessary to begin construction in accordance with the applicable regulations and that, in any case, have formalised the corresponding contracts, of whatever nature, for at least ninety per cent (90%) of the land on which the projects will be developed. For clarification purposes, projects consisting of the incorporation of other accessory technologies to photovoltaic plants shall also be understood as projects.

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A Private Equity fund that seeks to generate value for its investors by taking temporary stakes in the capital of non-real estate and non-financial companies which, at the time of taking a stake, are not listed on the first stock exchange market or on any other equivalent regulated market in the European Union or in the other member countries of the Organisation for Economic Cooperation and Development, that carry out their activity in the electricity generation sector through the use of photovoltaic solar technology, through installations, whether ground or rooftop, that are already built, operational and whose remuneration is regulated by Royal Decree 413/2014, of 6 June, which regulates the activity of electricity production from renewable energy sources, cogeneration and waste and which have a nominal power of at least 45 kWn.

These assets benefit from the specific remuneration system regulated in article 11 of the aforementioned Royal Decree. This regulation establishes that the installations covered will obtain, in addition to the remuneration for the sale of energy at the wholesale market price, two additional remunerations, which guarantee a ‘reasonable profitability’, consisting of an annual remuneration from the state for the investment made and compensation for operations.

Their useful life has been set at 30 years from commissioning and the amounts paid are reviewed and adjusted in 3-year sub-periods by the competent authorities.

Our first vehicle focused on investing in startups and SMEs, with a focus on industry, energy and technology.

The objective of the vehicle is to invest in between 20-30 pre-seed companies over the next four years. The vehicle’s management team and advisors also provide support to the invested companies in different areas, such as professionalising the sales force, supporting the growth of the team, restructuring debt and leverage, reviewing the Neotec-Enisa presentation, connecting with investors, funds and accelerators, C-Level screening interviews, and validating innovation with Austral’s partner corporations.