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Announced

Actis to acquire 500 MW solar power plants in India from Fortum for c.$333m.

Financials

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Transaction Value£240m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Renewable Energy Equipment

solar

Pending

India

Friendly

Cross Border

Private

renewable energy assets

Majority

Single Bidder

Private Equity

Synopsis

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Actis, an investor in growth markets, agreed to acquire 500 MW solar power plants in India from Fortum, a provider of a full range of energy related products and services, for c.$333m. "We can utilize the strong competencies Fortum has gained over the years in solar development and construction while utilizing the financial strength and track record of Actis to realize the investment potential," Per Langer, Fortum’s City Solutions division Executive Vice President.

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