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New Deal


Announced

Oaktree Capital to invest $600m in TPI Composites.

Financials

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Transaction Value£444m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

composite wind blades

United States

Pending

Single Bidder

Public

Acquisition

Minority

Renewable Energy Equipment

Private Equity

Domestic

Synopsis

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Oaktree Capital, an American global asset management firm, is set to invest $600m in TPI Composites, the only independent manufacturer of composite wind blades with a global footprint. "Oaktree is an experienced investor across the power and energy value chains and today’s announcement is a strong endorsement of our strategy and growth prospects. Oaktree’s investment will strengthen our balance sheet significantly and positions TPI to navigate a rapidly evolving market and operating environment in the near-term while providing the flexibility to take advantage of longer-term growth opportunities," Bill Siwek, TPI President and CEO.

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