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New Deal


Announced

Completed

SDCL Energy Efficiency Income Trust completed the acquisition of RED-Rochester from Stonepeak for $177m.

Financials

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Transaction Value£187m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Majority

Cross Border

Private Equity

United States

Single Bidder

Friendly

energy system

Alternative Electricity

Private

Completed

Synopsis

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SDCL Energy Efficiency Income Trust, a UK-listed investment company that invests exclusively in the energy efficiency sector, completed the acquisition of RED-Rochester, a district energy systems provider, from Stonepeak Infrastructure Partners, a private equity firm, for $177m. "We expect the project to make positive contributions to SEEIT's earnings and cash flow. At the same time, the project offers the potential for growth over the medium to long term through the addition of new customers and the implementation of accretive energy efficiency measures," Jonathan Maxwell, SEEIT CEO and Founder.

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