Federated Hermes Private Markets has acquired Rivington Energy for an undisclosed amount, solidifying its strategic position in the renewable energy sector. This transaction represents a corporate acquisition where the private markets division takes full ownership, rather than a funding round for Rivington Energy.
Rivington Energy is a specialist in sustainable energy, developing and managing renewable energy solutions for UK residents and commercial clients. The company's in-house team has delivered over 1GW of consented solar and battery projects. Its core business pillars encompass project development, commercial energy solutions, project management for renewable assets, and the pioneering of green data centres powered by renewable energy. Rivington Energy was previously majority-owned by Federated Hermes Limited, making this a strategic consolidation within the broader Federated Hermes group.
The acquisition is a key move for Federated Hermes Private Markets as it aims to expand its portfolio of real assets, particularly within the rapidly growing renewable energy infrastructure market. Rivington Energy’s proven expertise in project development, its significant track record in delivering renewable capacity, and its focus on future-oriented solutions such as green data centres align directly with the acquirer's strategy to invest in long-term, sustainable assets.
This integration is expected to create meaningful synergies. Federated Hermes Private Markets will gain direct control over a robust platform for developing and managing renewable energy projects, enhancing its capacity to deploy capital into sustainable infrastructure. Rivington Energy, in turn, stands to benefit from deeper integration with a major financial institution, potentially accelerating its project pipeline and expanding its market reach. The combined entity is well-positioned to capitalize on increasing demand for clean energy and sustainable infrastructure, driving further growth in the UK's renewable sector.