The Times reported that the Guernsey-based private equity firm plans to sell Infinis in two parts, with Goldman Sachs and RBC Capital Markets being hired to sell the wind farm operation, and RBC also set to sell its landfill gas business – which is the largest in Britain.
Infinis was made private six months ago when Terra Firma founder Guy Hands took a £555 million deal, after two years on the public market which resulted in a drop in its share price amid falling energy prices and subsidy cuts. The company cut wages and axed dividends last year after a dip in profits.
Terra Firma was previously one of the most powerful private equity firms in Europe, but has struggled to recover since it lost £1.7 billion when banks took control of music publisher EMI in 2011.
It now also faces losing Four Seasons Healthcare and the Odeon cinema chain, but market sources say Hands is likely to make a profit on Infinis which he floated in 2013 at a valuation of £780 million.