Marubeni To Scoop Up UK Offshore Wind Power Installer

Law360, New York (March 19, 2012, 2:22 PM EDT) -- Japan's Marubeni Corp. will buy a British offshore wind farm builder from U.S. private equity firm Riverstone Holdings LLC, marking another step for slow-starting Japanese companies into offshore wind power, Marubeni said Monday.

Seajacks Ltd., which installed the world's largest offshore wind farm for SSE PLC last year, will now be jointly owned by Marubeni and Innovation Network Corp. of Japan, a public-private fund backed by the Japanese government.

Financial terms of the sale were not released, but Dow Jones pegged it at $850 million, based...
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