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New Deal


Announced

US Solar Fund to acquire a 50% stake in Mount Signal 2 for $46m.

Financials

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Transaction Value£33m
Consideration TypeCash
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

solar power plants

Infrastructure

Friendly

Pending

Private

Acquisition

Renewable Energy Equipment

Single Bidder

United States

Cross Border

Synopsis

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US Solar Fund, a renewable energy fund, agreed to acquire a 50% stake in Mount Signal 2, an operating solar plant located in the Imperial Valley of Southern California, for $46m. Co-investments in solar power assets like MS2 were contemplated at the time of USF's listing and initial public offering. To ensure arm's length terms, the USF and NEW boards each adopted a Transaction-specific protocol, with each board retaining independent advisors.

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