.
MergerLinks Header Logo

New Deal


Announced

CPPIB to acquire ReNew Power from Goldman Sachs for $139m.

Financials

Edit Data
Transaction Value£102m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

Edit

Tags

Edit

Acquisition

Friendly

Majority

Private

Pending

Single Bidder

renewable energy

Renewable Energy Equipment

India

Cross Border

Synopsis

Edit

CPPIB, a Canadian Crown corporation, agreed to acquire ReNew Power, an India's renewable energy company, from Goldman Sachs, an investment bank and financial services company, for $139m. Goldman Sachs agreed to sell, and CPPIB agreed to purchase, 11.63m Class A depositary receipts and 49.9m Class C depositary r​eceipts in Renew. The purchase price is $6.5 per Class A depositary receipt and $6.5 per Class C depositary receipt, representing a total consideration of $399.99m.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US