An EU based infrastructure fund was looking to acquire a large North American renewables business, with hyrdo, solar and wind assets, from a US investment fund.

The selling fund was only prepared to accept bids using buy-side insurance and did not wish to retain liabilities from the sale.

Having insured a large number of renewable energy transactions, the Icen Risk underwriting team was familiar with the target sector and had insured the acquiring fund in the past. We were able to put a buy-side policy in place, immediately prior to the transaction signing.