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New Deal


Announced

Completed

Clairvest and OMERS-backed NovaSource Power completed the acquisition of the Australian O&M assets of First Solar.

Financials

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

Tags

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Private Equity

Private

Majority

Cross Border

Australia

Renewable Energy Equipment

Acquisition

Completed

alternative energy equipment

Friendly

Single Bidder

Synopsis

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Clairvest and OMERS-backed NovaSource Power, a provider of solar operations and maintenance services, completed the acquisition of the Australian O&M assets of First Solar, a firm that designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. Financial terms were not disclosed. "We are thrilled to expand NovaSource's global fleet into Australia's growing solar market. Our team is energized to present our current and future stakeholders through APAC a higher standard of technical services. The company's global framework, deep knowledge and industry expertise will enable our Australian operations to deliver experienced leadership and long-term value to our customers," Timo Moeller, NovaSource President for International Operations.

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