Announced
Financials
Sources
Tags
wind power facilities
wind power
Pending
United States
Public
Friendly
Merger
Alternative Fuels
Single Bidder
Private Equity
Synopsis
TerraForm Global, Inc., an owner and operator of clean energy power plants, announced that it has entered into a definitive merger agreement under which Brookfield Asset Management Inc., a leading global alternative asset manager, will acquire TerraForm Global for approximately $787m in cash and will assume approximately $455m in net debt, representing an enterprise value of approximately $1.3bn. TerraForm Global owns and operates, or has contracts to acquire, a fleet of 31 wind and solar power plants totaling 952 MW of capacity spread across Brazil, India, China, South Africa, Thailand, Malaysia, and Uruguay.
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