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Announced

Completed

GIC led a $135m funding round in Powin.

Financials

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Transaction Value£113m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Single Bidder

Venture Capital

Private Equity

Friendly

energy storage

Minority

Energy / Utility Services

Completed

Private

United States

Acquisition

Synopsis

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GIC, a sovereign wealth fund to manage Singapore's foreign reserves, led a $135m funding round in Powin, a provider of energy storage solutions, with participation from Trilantic and Energy Impact Partners. "We are grateful for this investment from GIC, Trilantic North America, and EIP. We appreciate the vote of confidence and believe that it demonstrates both the market leadership position of our business and our customers' trust in us to change the way they generate, transmit, and distribute electricity," Geoff Brown, Powin CEO.

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