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New Deal


Announced

BlackRock to invest $100m in Brite Energy Partners.

Financials

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Transaction Value£73m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Pending

Private

Private Equity

Acquisition

Minority

Friendly

South Korea

Cross Border

renewable energy

Alternative Fuels

Single Bidder

Synopsis

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BlackRock agreed to invest $100m in Brite Energy Partners, a developer and operator of renewable energy power generation facilities. The investment will be used to fund BEP’s acquisition and construction of small-scale solar assets in South Korea, totalling more than 350MW. All the projects developed and acquired by BEP are planned to be fully contracted under 20-year agreements with subsidiaries of the state-owned Korean Electric Power.

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