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New Deal


Announced

TPG-backed Matrix Renewables to acquire a 91 MW sola portfolio from Solaer.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Friendly

Italy

Pending

Private

solar energy

Cross Border

Private Equity

Acquisition

Renewable Energy Equipment

Majority

Synopsis

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TPG-backed Matrix Renewables, a global renewable energy platform, agreed to acquire a 91 MW sola portfolio from Solaer, a manufacturers of highly-efficient radiation-hard solar cells. Financial terms were not disclosed. "Through this agreement with Solaer, Matrix Renewables accelerates its growth to become the leading renewable energy platform in Italy and around the world. We also continue to explore new opportunities in Europe, the United States and Latin America in our international expansion strategy," Íñigo Asensio, Matrix Renewables General Manager of Mergers and Acquisitions.

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