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
