Case details

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Merger control
Case reference
Ccent/2023/71 - Lynx*Mirova / Hyperion
Acquired
Hyperion Energy Investments SGPS, S.A.
Description
Company wholly owned by the Helios fund that develops renewable energy production projects, with activities in the Iberian Peninsula and a growing presence in Central and Eastern European countries. The main activities are the development of electricity production projects and the provision of consultancy services to third parties in the renewable energy sector (namely, co-development contracts and management of engineering, acquisition and construction processes). In Portugal, the electrical energy production activity comprises the development of solar photovoltaic, wind, green hydrogen and battery system projects for the storage of electrical energy.
Acquiring
LYNX Asset Managers – SGOIC, S.A.
Description
Lynx management company dedicated to the activity of managing collective investment bodies in transferable securities and alternative investment bodies, whether in the form of an investment fund or in the form of a collective investment company. In the energy sector, Lynx, through Planalto Capital – Venture Capital Fund, has control over the commercial company Zenithprofile Unipessoal, Lda. which is dedicated to developing projects in the renewable energy sector.
Acquiring
Mirova S.A.
Description
Public limited company, portfolio manager, approved and supervised by the French Financial Markets Authority, which manages the MET5 fund, a limited liability company established in accordance with French law, which will acquire part of Hyperion's share capital. In Portugal, Mirova, through the MET4 fund, has a minority stake in the consortium that acquired a portfolio of hydroelectric companies from the EDP Group in 2020.
Sector
  • Construction
Activity (NACE)
  • M7112 - Engineering activities and related technical consultancy
Applicable legislation
Notification thresholds
Type of merger
Cooperation with sector regulators
Status
Closed
Type of Investigation
Phase 1
AdC’s decision
Non-opposition
Case description

This notification corresponds to the acquisition of joint control of Hyperion Energy Investments SGPS, S.A. (“Hyperion”) by Helios – Fundo de Capital de Risco Fechado (“Helios”), managed by LYNX Asset Managers – SGOIC, S.A. (“Lynx”) and by Mirova Energy Transition 5 S.L.P (“MET5”), managed by Mirova, S.A. (“Mirova”).

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