logo
AMG and Qualitas Energy Announce Partnership

AMG and Qualitas Energy Announce Partnership

Yahoo08-05-2025

AMG to invest in Qualitas Energy, a leading renewables-focused global infrastructure manager specializing in energy transition with more than €3.5 billion in AUM
Qualitas Energy has a distinctive competitive position given its opportunistic value-add approach, vertically integrated industrial platform, and strategically tailored, market-specific solutions
Partnership will expand AMG's participation in private markets and alternatives more broadly
WEST PALM BEACH, FL, and MADRID, May 08, 2025 (GLOBE NEWSWIRE) -- AMG, a strategic partner to leading independent investment management firms globally, today announced that it has entered into a definitive agreement to acquire a minority equity interest in Qualitas Energy, a leading global investment and management platform with a dual focus on funding and developing renewable energy, energy transition, and sustainable infrastructure.
Under the terms of the agreement, Qualitas Energy's management team will retain majority ownership and continue to lead the organization's day-to-day operations, maintaining investment, strategic, and operational independence. As part of the transaction, Qualitas Energy's Executive Chairman Iñigo Olaguíbel and Chief Executive Officer Oscar Pérez, along with other members of the senior management team, will enter into additional long-term commitments with Qualitas Energy, reinforcing their alignment with the business and its investors.
Qualitas Energy has a long-term track record of excellent investment performance. Founded in 2006, the firm invests globally with a focus on Europe, where the heightened importance of energy security is driving demand for investments into renewable energy sources. Led by Mr. Olaguíbel and Mr. Pérez, the firm has raised approximately €5 billion in capital across six funds and co-investment opportunities, which has been deployed to invest in solar, wind, batteries and storage, hydroelectric power, and renewable natural gas.
'We are pleased to partner with Qualitas Energy, a global infrastructure manager specializing in energy transition with a two-decade track record of delivering strong returns for clients,' said Jay C. Horgen, President and Chief Executive Officer of AMG. 'Given the increasing focus on energy independence and security in Europe, along with the firm's distinctive approach, vertically integrated industrial platform, and locally based teams with deep knowledge of their respective geographies, Qualitas Energy is well-positioned to build on its business momentum. I am delighted to welcome Iñigo, Oscar, and their partners to our Affiliate group.'
'We are excited to partner with AMG as we continue to build an enduring multi-generational firm,' said Iñigo Olaguíbel, Managing Partner and Executive Chairman of Qualitas Energy. 'We selected AMG because of its long-term orientation and reputation as a collaborative partner. Through AMG's unique approach, Qualitas Energy will maintain our independence, preserve our unique culture, and gain access to a broad range of proven strategic capabilities to advance our long-term objectives.'
'As part of its strategic evolution, Qualitas Energy is focused on becoming the asset manager at the forefront of energy transition investing,' added Oscar Pérez, Managing Partner and Chief Executive Officer of Qualitas Energy. 'We aim to continue expanding our investment capacity, and our partnership with AMG will enhance our ability to achieve that goal.'
The terms of the transaction were not disclosed. The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions.
About AMG
AMG (NYSE: AMG) is a strategic partner to leading independent investment management firms globally. AMG's strategy is to generate long-term value by investing in high-quality independent partner-owned firms, through a proven partnership approach, and allocating resources across AMG's unique opportunity set to the areas of highest growth and return. Through its distinctive approach, AMG magnifies its Affiliates' existing advantages and actively supports their independence and ownership culture. As of March 31, 2025, AMG's aggregate assets under management were approximately $712 billion across a diverse range of private markets, liquid alternative, and differentiated long-only investment strategies. For more information, please visit the Company's website at www.amg.com.
About Qualitas Energy
Qualitas Energy is a leading global investment and management platform with a dual focus on both funding and developing renewable energy, energy transition, and sustainable infrastructure. Since 2006, the Qualitas Energy team has dedicated over €14 billion to the energy transition worldwide. These investments have been deployed through six vehicles: Fotowatio/FRV, Vela Energy, Qualitas Energy III, Qualitas Energy IV, Qualitas Energy V, and Qualitas Energy Credit Fund I. Qualitas Energy's existing portfolio currently comprises over 11 GW of operational and development-stage renewable energy assets – including solar PV, concentrated solar power (CSP), wind, energy storage, hydroelectric power, and renewable natural gas – across Spain, Germany, the United Kingdom, Italy, Poland, Chile, and the United States. Over the past five years, Qualitas Energy has generated enough energy to supply 1.2 million homes and has successfully avoided the emission of 1 million metric tons of CO2 equivalent. The Qualitas Energy team consists of approximately 540 professionals across fifteen offices in Madrid, Berlin, London, Milan, Hamburg, Wiesbaden, Trier, Cologne, Stuttgart, Warsaw, Wroclaw, Santiago, Durham, Bristol, and Edinburgh. Please visit www.qualitasenergy.com for further information.
Certain matters discussed in this press release issued by Affiliated Managers Group, Inc. ('AMG' or the 'Company') may constitute forward-looking statements within the meaning of the federal securities laws, and could be impacted by a number of factors, including those described under the section entitled 'Risk Factors' in AMG's most recent Annual Report on Form 10-K, as such factors may be updated from time to time in the Company's periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov. AMG undertakes no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law. This release does not constitute an offer of any products, investment vehicles, or services of any AMG Affiliate. From time to time, AMG may use its website as a distribution channel of material Company information. AMG routinely posts financial and other important information regarding the Company in the Investor Relations section of its website at www.amg.com and encourages investors to consult that section regularly.
Media contacts
AMG Media & Investor RelationsPatricia Figueroa(617) 747-3300ir@amg.com pr@amg.com
Qualitas EnergyHenar Hernándezhenar.hernandez@qenergy.com +34 697 11 68 72
Headland Consultancyqualitas@headlandconsultancy.com+44 7435 546304+44 7311 369929

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Residential solar installer Sunnova files for bankruptcy, plans to sell and wind down operations
Residential solar installer Sunnova files for bankruptcy, plans to sell and wind down operations

Yahoo

time21 minutes ago

  • Yahoo

Residential solar installer Sunnova files for bankruptcy, plans to sell and wind down operations

This story was originally published on Utility Dive. To receive daily news and insights, subscribe to our free daily Utility Dive newsletter. Sunnova, the second-largest installer of third-party owned residential solar installations by market share, filed for chapter 11 bankruptcy on Sunday. Although the company's customer base and revenue continued to grow, rising interest rates, inflation, tariffs and other factors had eroded the company's profit margins, rendering it unable to pay its debts, President and CEO Paul Mathews said in the bankruptcy filings. Sunnova plans to sell off 'substantially all' of the company's assets and wind-down any remaining operations following the sale, Mathews said. Sunnova said in a Monday announcement following the filing that it will accept bids on its assets and business operations for the next 45 days; after the sale, the company plans to wind-down any remaining operations and close, Mathews said in court filings. The company has already agreed to sell some assets to a holding company that has received $15 million in financing from global investment firm ATLAS SP Partners, and has also agreed to sell other assets from its new homes business unit to builder Lennar Homes for $16 million, according to the company announcement. 'Today's actions mark a critical step towards securing a value-maximizing outcome for Sunnova's stakeholders,' Mathews said in a statement Monday. 'Throughout this process, maintaining continuity of service for our customers is our top priority as we work to secure a long-term solution for our business operations under new ownership.' Matthews said he was 'incredibly grateful to our dedicated Sunnova team for their hard work and commitment. We have built an innovative power provider, and I continue to believe deeply in the future of our industry and the promise of residential solar and storage.' According to the chapter 11 bankruptcy filings, Sunnova faced 'critically tight liquidity' and expected to run out of cash this April or May if it was unable to secure additional financing. However, the company's efforts to find new lenders earlier this year were unsuccessful, a failure Mathews partially attributed in court documents to uncertainty created by Trump's executive order to freeze spending authorized by the Inflation Reduction Act. Although the courts have paused the implementation of that executive order and restored payouts under the act, the uncertainty it created meant lenders were unwilling to provide Sunnova with additional financing, Mathews said. He also said that although Sunnova grew its revenues and quadrupled its customer count between 2020-2024, market factors such as above-target inflation, prolonged high interest rates and tariffs had diminished the company's profitability. The company attempted to cut costs and free up funds to make its growing debt service payments by focusing on lower-risk installations, and by 2025 had shrunk year-over-year net losses by more than 10%, Mathews said. The company also installed new leadership, including Mathews, and laid off 50% of its workforce earlier this year. However, the new strategy was unable to make up for its previous policy of aggressive spending and borrowing in pursuit of rapid growth. By early 2025 the company was unable to pay its dealer network, which caused its contractors to stop work on projects that were in process and further curtailed the company's incoming cash flows, Mathews said. Recommended Reading Utilities' misguided opposition to community solar in California Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

China Wins Two Global Water Awards for Breakthroughs in Sustainable Desalination
China Wins Two Global Water Awards for Breakthroughs in Sustainable Desalination

Yahoo

timean hour ago

  • Yahoo

China Wins Two Global Water Awards for Breakthroughs in Sustainable Desalination

DUBAI, United Arab Emirates, June 12, 2025--(BUSINESS WIRE)--China has claimed two major awards during the fourth cycle of the Mohammed bin Rashid Al Maktoum Global Water Award, highlighting the country's leadership in sustainable water solutions and youth-driven innovation. Supervised by the UAE Water Aid Foundation (Suqia UAE) under the Mohammed bin Rashid Al Maktoum Global Initiatives, the USD 1 million global award recognises efforts to address water scarcity through renewable energy and advanced technologies. Jiangsu Fenghai New Energy Seawater Desalination Development Co Ltd and Hangzhou Sunup Environmental Technology Co Ltd were named first runner-up in the Innovative Projects Award (Small Projects category) for their Microgrid Seawater Treatment system. Deployed on an isolated island, the containerised system integrates renewable energy with advanced triple-stage reverse-osmosis technology to produce 100 tonnes of clean water daily. Fully automated and remotely monitored, the microgrid includes a 100kW solar power unit and supports 500 residents through water-filling stations and community employment. The drinking water meets China's GB 5749 standards and has enabled economic activity in agriculture and tourism. "Our project aligns perfectly with the award's mission, combining renewable energy, distillation and sustainable water management. Through this platform, we hope to gain international recognition, expand our technology's reach, enhance visibility, foster collaboration and inspire continued innovation within our team," said Wang Hua, Deputy General Manager of Hangzhou Sunup Environmental Technology Co Ltd. Professor Xu Zhenyuan won the Innovative Individual Award (Youth Award category) for his Passive Solar Distillation innovation. Developed in collaboration with MIT, his modular desalination system uses layered solar evaporators and transparent aerogel insulation to passively produce more than 5.78 litres of pure drinking water per square metre on an hourly basis. The system reuses solar heat across several stages, achieving record-high efficiency even in ultra-saline conditions. Made from low-cost, widely available materials and requiring no electricity, it offers an accessible, portable solution for off-grid water access. Xu has published his research and engaged in awareness initiatives on the water-energy nexus. "The global water crisis will worsen as populations grow and human activity strains resources. This award affirms the importance of renewable energy solutions. It motivates me to move beyond academic research and focus on real-world applications that benefit communities and support a more sustainable future for all," said Professor Xu. Source: AETOSWire View source version on Contacts Seen MediaMariam Mikhail+971 50 949 6795info@

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store