Catamount Energy Corp. recently announced that it has completed the strategic review process it engaged Goldman Sachs to manage earlier this year. Catamount is a wind energy company owned by Diamond Castle Holdings.
"The strategic process has been concluded with Diamond Castle and Catamount's management determining that there is better value in continuing to build the U.S. and the U.K. wind businesses than there is in exiting those businesses," says Mike Ranger, a senior managing director of Diamond Castle.
"Despite new entrants into the market, Catamount's build-out of the wind business has proceeded faster than planned," says James Moore, Catamount's chief executive officer. "Catamount's early-mover status, the existing pipeline of late-stage development projects and our efforts to expand the pipeline will provide a continuation of the significant value creation that has been occurring within Catamount since entering the wind business in 2001."