Goldman Sachs Asset Management completed the $250m investment in Hydrostor.

Financials

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Transaction Value£183m

Consideration TypeCash

Capital Owned-

Capital Bid For-

EV/Sales-

EV/EBITDA-

Share Price Premium-

One Off Charge-

bidder

Goldman Sachs Asset Management

target

HYDROSTOR

Sources

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Press Release

Hydrostor - 10 Jan 2022

Tags

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Private Equity

Acquisition

Minority

energy storage technology

Canada

green energy

Single Bidder

Cross Border

Friendly

Private

Renewable Energy Equipment

Completed

Synopsis

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Goldman Sachs Asset Management completed the $250m investment in Hydrostor, a long-duration energy storage solutions provider. "We are delighted with this investment by Goldman Sachs. It is transformational for Hydrostor and validates the competitiveness of our proprietary A-CAES solution as well as the strength of our pipeline of potential projects," Curtis VanWalleghem, Hydrostor CEO.