3/5/19 – ArmaVir Completes Sale of its 13.4% Stake in Eolia to AIMCo

ArmaVir Partners is pleased to announce the sale of its 13.4% stake in Eolia Renovables de Inversiones, S.C.R., S.A ("Eolia") to Alberta Investment Management Corporation ("AIMCo"). AIMCo, on behalf of its clients, has completed the acquisition of over 90% ownership in the Company from funds managed by Oaktree Capital Management, L.P. ("Oaktree"), the global alternative investment management firm, and other minority shareholders. Financial terms of the transaction were not disclosed.

Eolia is a leading independent power producer in the Spanish renewable energy sector, engaged in the development, construction and operation of wind farms and solar photovoltaic plants. The Company currently manages a 669 MW portfolio of renewable energy assets with long-term contracted revenues under the Spanish Renewables regulatory regime, and has an attractive pipeline of development opportunities in Spain. For more information visit http://www.eolia.com.