Chimera Capital successfully completes advisory on International Energy Holding’s acquisition of a 50% stake in Kalyon Enerji

Chimera Capital, an Abu Dhabi-based financial services and investment firm, announced today that it has successfully completed advisory on International Energy Holding’s AED 1.8 billion investment in Kalyon Enerji Yatırımları A.Ş. Chimera Capital acted as sole financial advisor to IEH on the transaction.

International Energy Holding (IEH) is a subsidiary of International Holding Company PJSC, an Abu Dhabi-based holding company with a diversified portfolio of more than 200 assets across nine primary business segments. The deal will see IEH acquire a 50% stake in Kalyon Enerji. Kalyon Enerji was founded by Kalyon Holding, a leading Turkish conglomerate with a diversified portfolio of assets. Kalyon Enerji’s portfolio includes a photovoltaic solar power plant project in Karapinar Region with an installed capacity of 1,347 MWp / 1,000 MWe.  The acquisition will broaden and diversify IEH’s renewable energy investment portfolio and will cement the strategic partnership with Kalyon Group unlocking potential to collaborate on other such renewable projects in Turkey.

Mohamed Hesham, Head of Investment Banking, commented: “We are delighted to have advised IEH on this landmark acquisition which will see the company gain access to an attractive portfolio of renewable energy assets, setting the foundations for future partnerships with the Kalyon Group. Chimera is proud to have played a leading role on this front and we will continue supporting our clients on local and cross-border transactions.”