In
2006
Arcapita
paid
£1.6bn
($2.5bn)
for
Viridian,
which
is
the
main
supplier
of
electricity
across
Northern
Ireland
in
addition
to
a
number
of
other
energy-related
assets.
However,
Arcapita
–
formerly
known
as
First
Islamic
Investment
Bank
–
quickly
began
experiencing
financial
difficulties,
and
by
2008
was
looking
to
sell
off
large
parts
of
Viridian's
holdings.
That
sale
fizzled
out
due
to
the
financial
crisis,
though
bidders
at
the
time
were
understood
to
include
German
utility
RWE
and
Irish
state-owned
power
company
Bord
Gais.
Viridian
began
negotiating
with
AMP
Capital
about
a…
