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New Deal


Announced

Completed

KKR has completed its acquisition of Gestamp Asetym Solar from Gestamp Renewables for $1bn.

Financials

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Transaction Value£642m
Consideration Type-
Capital Owned-
Capital Bid For80%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Spain

Acquisition

Single Bidder

solar PV developer

Private

Natural

Completed

Renewable Energy Equipment

Private Equity

Synopsis

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KKR a leading global investor, has completed its acquisition of an 80% stake in Gestamp Asetym Solar, a premier global solar PV developer and operator from Gestamp Renewables for $1bn. "We feel that this alliance between a well-established industrial group like Corporación Gestamp and a leading global investor like KKR creates a winning formula for our respective companies. We are very happy to announce this transaction which provides a solid platform to ensure the continuing success of our solar business. Meanwhile, we continue to evaluate our options for Gestamp Wind." Jon Riberas, Gestamp Renewables President.

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