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Announced

Completed

Global Power Synergy to acquire a 41% stake in Avaada Energy for $450m.

Financials

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Transaction Value£326m
Consideration TypeCash
Capital Owned-
Capital Bid For42%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Single Bidder

Cross Border

renewable energy

India

Minority

Private

Friendly

Acquisition

Renewable Energy Equipment

Completed

Synopsis

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Global Power Synergy, an electric power generation company, completed the acquisition of a 41% stake in Avaada Energy, an Indian renewable energy firm, for $450m. "The investment in this platform aligns with the Company’s growth strategy in renewable energy business internationally and enhances the Company’s expertise in the solar power generation as well as the business collaboration in the area of the Company’s renewable energy business in the future," Global Power Synergy.

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