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New Deal


Announced

Completed

Cubico Sustainable Investments completed the acquisition of a majority stake in Grupo T-Solar from I Squared Capital for €1.5bn.

Financials

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Transaction Value£1,364m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Alternative Electricity

power generation

Spain

Private Equity

Friendly

Cross Border

Private

Acquisition

Majority

Completed

Synopsis

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Cubico Sustainable Investments, a renewable energy infrastructure company, completed the acquisition of a majority stake in Grupo T-Solar, an independent solar power generation company, from I Squared Capital, a global infrastructure investment manager, for €1.5bn ($1.8bn). "Our objective during our stewardship of T- Solar was to improve operations, grow the platform and establish T-Solar as a leader in renewables energy in Spain. We will continue to invest globally in renewables generation as well as transition energy in both industrial and growth economies," Sadek Wahba, I Squared Capital Managing Partner.

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