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New Deal


Announced

Masdar to acquire a minority stake in Hero Future Energies.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
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Tags

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Private

India

Renewable Energy Equipment

Acquisition

Friendly

Minority

Single Bidder

renewable energy

Pending

Private Equity

Synopsis

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Masdar, Abu Dhabi’s renewable energy company, agreed to acquire a minority stake in Hero Future Energies, a subsidiary of Hero Group, a renewable energy provider. Financial terms were not disclosed. “We are delighted that the renewable energy arm of Mubadala has decided to invest in the renewable energy arm of the Hero Group to support HFE’s global expansion plan and our aspiration to be a premier global clean-tech company providing solutions to the enormous challenges posed by climate change,” Rahul Munjal, HFE Chairman and Managing Director.

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