Announced
Financials
Tags
Friendly
composite wind blades
United States
Pending
Single Bidder
Public
Acquisition
Minority
Renewable Energy Equipment
Private Equity
Domestic
Synopsis
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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