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New Deal


Announced

CPPIB to acquire an 80% stake in SB Energy from SoftBank for $525m.

Financials

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Transaction Value£389m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For80%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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renewable energy assets

Private Equity

India

Cross Border

Friendly

Majority

Disposal

Acquisition

Single Bidder

Renewable Energy Equipment

Pending

Private

Synopsis

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Canada Pension Plan Investment Board agreed to acquire an 80% stake in SB Energy, SoftBank's Indian joint venture platform, for $525m. According to media reports, SB Energy has been struggling to raise capital to execute solar and wind energy projects that it had secured in competitive auctions. The last major project that the company had secured was 600MW in a 2 gigawatt auction conducted by NHPC earlier this year.

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