Guy Hands’ Terra Firma has joined the ranks of other European buyout firms to have invested in the US – a rare foray into the world's largest private equity market and on to the home turf of dominant American peers – with its first acquisition in the country.

Terra Firma has invested $350m (€245m) in an all-equity investment to acquire alternative energy investment firm Good Energies' reported minority stake in Everpower Wind as well as from other vendors. Terra Firma now owns the "vast majority" of the equity, according to a source close to the deal.