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New Deal


Announced

SK E&S to invest $400m in LS Power-backed REV Renewables.

Financials

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Transaction Value£290m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

renewable energy investments

Friendly

United States

Pending

Renewable Energy Equipment

Acquisition

Minority

Single Bidder

Cross Border

Synopsis

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SK E&S, a provider of clean energy solutions headquartered in Seoul, agreed to invest $400m in LS Power-backed REV Renewables, a company focused on the development, acquisition and operation of renewables and energy storage. "The energy transition is underway and we believe renewables and storage represent the largest opportunities and challenges. We formed REV to tackle these challenges and we are extremely pleased that a company with the vision, sophistication and global reach of SK E&S is investing alongside us in REV Renewables," Paul Segal, LS Power CEO.

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