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New Deal


Announced

Shell to acquire Daystar Power.

Financials

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

Sources

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Tags

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Private

Pending

Friendly

renewable energy provider

Acquisition

Renewable Energy Equipment

Nigeria

Cross Border

Majority

Single Bidder

Synopsis

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Shell, a British multinational oil and gas company, agreed to acquire Daystar Power, a provider of solar power and battery solutions. Financial terms were not disclosed. “It was important to find someone with a strong balance sheet to back us. We are happy because Shell has a lot of experience in energy and they have a long history in Africa and will be the right owners to take this business forward,” Jasper Graf von Hardenberg, Daystar CEO.

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