In December 2006, Viridian was acquired by an affiliate of Arcapita. Viridian is a leading independent energy company operating across Ireland. The company and its subsidiaries engage in the generation, procurement, and supply of electricity in Northern Ireland (“NI”) and the Republic of Ireland (“RoI”). Through Power NI, the company supplied electricity to approximately 600,000 households and small businesses in NI at the time of the acquisition. Viridian also, under its Energia brand, supplies electricity and gas primarily to industrial and commercial customers in both NI and RoI. Viridian was sold to US private equity firm I-Squared Capital in 2016.