Terra Firma has hired Ingmar Wilhelm, former executive vice president and head of business development at Enel Green Power, as a managing director.
Wilhelm had been at the Italian renewable energy company since 2003, having previously worked for large German and French utilities. The appointment comes as Terra Firma seeks $2 billion for its a global renewable energy fund, which has a $3 billion target, according to sources familiar with the matter.
Wilhelm joins operational managing director Stefan Thiele, who joined Terra Firma’s renewable energy team earlier this year from German energy company Energie-Baden Wuerttemberg. Other senior members of the team include managing director Damian Darragh, operational managing director Mike Kinski and senior advisor Lord Birt.
Earlier this month, Terra Firma confirmed that it was seeking to sell 30 to 40 percent of its UK renewable energy firm Infinis through an initial public offering on the London Stock Exchange expected to raise up to £930 million (€1.1 billion; $1.5 billion).
Terra Firma has invested €16 billion of equity in private equity, real estate and infrastructure over the last 19 years. Over the last 10 years, the firm has completed 18 deals in renewable energy infrastructure with a total enterprise value of nearly €2.5 billion.