Federated Hermes acquires 60% of UK renewable energy developer Rivington for £23.7M

FEDERATED HERMES, INC.

Acquisition of 60% equity stake in Rivington Energy (Management) Limited completed April 7, 2025.
Upfront cash payment of £23.7M ($30.6M) includes £12.9M capital contribution for growth and debt repayment.
Contingent earn-out payments up to £10.7M ($13.8M) over four years based on revenue growth milestones.
Rivington, a UK renewable energy project developer, reported 2024 revenue of approx £7.4M ($9.5M).

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