Blackstone completed the acquisition of a minority stake in Esdec from Rivean.

Blackstone completed the acquisition of a minority stake in Esdec, a rooftop solar mounting systems provider, from Rivean, a private equity firm. Financial terms were not disclosed. "On behalf of the management board, I am very happy to announce this important step in the Company’s growth strategy. For Esdec, this is the best of both worlds. We can continue our successful partnership with Rivean, that has provided indispensable support during the expansion of our business in the past few years. Additionally, we can now work with Blackstone and make good use of their great knowledge of the renewable space and strong footing in the United States, one of our most important markets. I am looking forward to further growing our business and benefiting from Blackstone’s widespread, relevant network," Stijn Vos, Esdec CEO.