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Announced

Completed

First Sentier completed the acquisition of two Queensland solar farms from Blackrock and Edify for $182m.

Financials

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Transaction Value£145m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Friendly

Acquisition

Private

Australia

Majority

Single Bidder

Completed

Private Equity

solar farms

Domestic

Renewable Energy Equipment

Synopsis

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First Sentier, an asset management company, completed the acquisition of two Queensland solar farms from Blackrock, an American global investment management corporation, and Edify, a developer of a business communication as a service platform, for $182m. The Australian asset manager took control of the 240 megawatt Gretel solar portfolio, which houses the Daydream and Hayman solar farms, in December, in its first move into the local solar energy sector.

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