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New Deal


Announced

Completed

Mitsui-backed MyPower completed the acquisition of Solstice Power Technologies.

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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Domestic

Renewable Energy Equipment

Majority

United States

Acquisition

alternative energy equipment

Friendly

solar energy

Private

Completed

Single Bidder

Synopsis

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Mitsui-backed MyPower, a global energy infrastructure and investment firm, completed the acquisition of Solstice Power Technologies, a developer of a digital solar energy management platform. Financial terms were not disclosed. "We at Solstice remain committed as ever to making renewable energy accessible and affordable for all. By joining MyPower Corp, we'll leverage the stability and strength of the respected global company that is Mitsui to deepen our resources, expand into new markets, develop new services, and continue delivering on the promises that we've made to the communities we serve. Solar energy is a resource that should be enjoyed by all who want access. Together with MyPower, Solstice will accelerate the deployment of clean energy to a broader range of customers," Stephanie Speirs, Solstice CEO.

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