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New Deal


Announced

Apollo to invest $175m in Summit Ridge.

Financials

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Transaction Value£147m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Renewable Energy Equipment

United States

Minority

solar plants

Domestic

Single Bidder

Private

Pending

Friendly

Private Equity

Synopsis

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Apollo agreed to invest $175m in Summit Ridge, an operator of a solar plant community. “Summit Ridge is on a strong trajectory and we are excited to welcome Apollo as a new partner. Apollo’s long track record of sustainable investing, coupled with its operational expertise and significant resources, are an excellent match for Summit Ridge’s fast paced growth and leading position in the clean energy economy," Steve Raeder, Summit Ridge Energy CEO.

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