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New Deal


Announced

Completed

Enlight completed the acquisition of a 90% stake in Clēnera for $390m.

Financials

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Transaction Value£286m
Consideration TypeContingent Deferred Consideration, Cash
Capital Owned-
Capital Bid For90%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Renewable Energy Equipment

United States

Acquisition

Majority

Private

Single Bidder

Friendly

solar energy developer

Cross Border

Completed

Synopsis

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Enlight, a global renewables IPP and developer, completed the acquisition of a 90% stake in Clēnera, a privately-held renewable energy company headquartered in Boise, Idaho, for $390m. "Clēnera's culture, diversified portfolio and market leadership in the western US created a differentiated value proposition for Enlight, and a unique US partnership opportunity. The acquisition is a major step in establishing Enlight's position as a global leader in renewable energy development and operation. Clēnera's outstanding track record and market leadership will allow the unified companies to continue their rapid and profitable growth path," Gilad Yavetz, Enlight CEO.

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