RIVE PRIVATE INVESTMENT BACKS SPAIN’S REBI TO EXPAND THERMAL DECARBONISATION AND RENEWABLE INFRASTRUCTURE

European asset manager RIVE Private Investment has taken a stake in REBI, a Spanish family-owned company that specialises in renewable energy infrastructure and thermal decarbonisation solutions, marking a new push into Spain’s heating transition market.

The financial terms and the size of the investment were not disclosed in the statement released by Alantra, which served as the financial adviser on the transaction. Alantra said it acted as exclusive M&A adviser to RIVE throughout the deal, providing strategic advice, financial structuring, asset analysis and return assessment.

REBI designs, develops and operates thermal decarbonisation solutions for both industrial and residential customers, with a portfolio that includes district heating networks, heat pumps and biomass-fired boiler systems. The company’s focus is on helping clients replace fossil-fuel heating with lower-carbon alternatives, a segment that is gaining traction across Europe as governments tighten emissions rules for buildings and industry.

Founded in 2013, RIVE is an independent asset manager with a mandate centered on energy transition and transportation assets. The Paris-based firm currently manages more than EUR 1 billion, or about USD 1.14 billion, in assets and has completed more than 100 transactions across the continent. Its strategy typically involves partnering with specialized operators to scale proven decarbonisation technologies.

For RIVE, the REBI investment adds exposure to Spain’s heating sector at a time when district heating and electrified heat pumps are being positioned as key levers to cut emissions in urban and industrial clusters. For REBI, the backing of a dedicated energy transition investor is expected to support growth, new project development and the rollout of additional biomass and heat pump systems to a wider customer base.

Market observers note that thermal decarbonisation has become a priority for European investors, as the EU’s building efficiency directives and industrial decarbonisation targets create long-term demand for alternatives to gas boilers. With Alantra’s advisory role and RIVE’s capital, REBI is positioned to accelerate its expansion in a market that is shifting rapidly toward renewable heat.