Announced
Financials
Tags
renewable energy
Majority
Pending
Acquisition
Private Equity
Domestic
United States
Renewable Energy Equipment
Private
Friendly
Single Bidder
Synopsis
Global Infrastructure Partners, a global, independent infrastructure investor, agreed to acquire the renewable energy unit of MAP Energy, one of the longest-standing private energy investment firms in the US. Financial terms were not disclosed. "We are excited to announce the acquisition of MAP's world-class renewables business. MAP® RE/ES has been one of the most successful investors in US renewables and has created an attractive, extremely diversified portfolio that includes exceptionally high-quality operating cash flow from the royalty interests and the opportunity to invest additional capital in a leading development pipeline. We look forward to working with the team that built this highly successful business," Adebayo Ogunlesi, GIP Chairman and Managing Partner.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.