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New Deal


Announced

Apollo and Migdal Insurance to invest $600m in Doral Renewables.

Financials

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Transaction Value£530m
Consideration TypeCash
Capital Owned-
Capital Bid For40%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Friendly

Private

Minority

energy storage

Private Equity

renewable energy

Single Bidder

Cross Border

United States

Renewable Energy Equipment

Pending

Synopsis

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Apollo, a high-growth, global alternative asset manager, and Migdal Insurance, an Israeli insurance and pension company, agreed to invest $600m in Doral Renewables, a renewable energy and storage developer. "We’re pleased to support Doral’s growth as the company continues to execute on its robust project pipeline. By continuing to scale and bring additional renewable energy facilities online, Doral will enhance grid stability in markets across the country while creating jobs in local communities and promoting a cleaner planet," Dylan Foo, Apollo Head of Infrastructure.

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